Auction success in Europe

Euro Auctions claims its latest sale in Germany has been a major success.
February 29, 2012 Read time: 2 mins
214 Euro Auctions claims its latest sale in Germany has been a major success. The firm says that its recent Dormagen sale on 12th-13th May saw 1400 lots go under the hammer, none of which had fixed reserves. The most popular type of machine being sold was the 20tonne (and over) hydraulic excavator. The company says that a growing trend in this sector is for internet bidding with interest doubled over the previous sale. In all over 250 internet bidders registered. Internet bids at this sale were also placed on over two thirds (71%) of lots and over a quarter (27%) of all final successful hammer bids being received electronically.

The total number of lots being offered at Dormagen this time was up 30% on the February sale and approaching the volumes achieved last autumn, which is regarded as the most popular time to upgrade existing plant. The overall number of sellers was also up by 16%, with an ever growing number of German companies entering equipment into the sale. Buyers from over 40 countries were represented at the sale, with a quarter (25%) of the 400 registered buyers being based in Germany. There were also a noticeable number of first time German registrations, highlighting the growing interest in Euro Auctions sales; and much of the equipment that went under the hammer is destined to remain in Germany.

The Netherlands, Poland and Russia also proved to be the new home for a significant amount of the plant purchased. In addition to activities at Dormagen, Euro Auctions regularly holds plant and equipment sales at Leeds in the UK and Valencia in Spain, as well as its well established sales at its home base of Dromore in Northern Ireland. Plant, machinery and equipment entries to be included in the next Dormagen sale on 15th-16th September are already being received.
Finance & Funding

For more information on companies in this article

Related Content

  • Construction machinery rental market in the EU
    October 30, 2020
    A report has been released for the construction machinery rental market in the EU.
    Read More
  • Four Seasons Volvo CE ice-breaking wheeled loaders
    February 20, 2014
    Four Seasons Landscaping is using its fleet of Volvo construction equipment to clear away snow and ice for road using customers across the northeast US coastal state of Connecticut. Connecticut is susceptible to extreme weather – from hot and humid in the summer to snow storms in the winter and temperatures dipping below -10°C. Although it’s the third smallest American state, northern Connecticut gets twice as much snow on average compared to the south. Most snow storms usually bring 12.7cm-20.3cm but on
    Read More
  • First bC India 'exceeds expectations'
    March 5, 2012
    The inaugural bC India(bauma ConExpo) show has exceeded all expectations with over 22,000 visitors from 69 countries attending the international trade fair for construction machinery, building material machines, mining machines and construction vehicles.
    Read More
  • Russia to commission new Moscow-St Petersburg highway by 2020
    June 20, 2017
    Final delivery of the final stretch for Russia’s key highway project looks set to be delayed – Eugene Gerden writes. I now looks as if Russia’s most ambitious project in the field of road building in recent years, the building of a new high-speed road link between Moscow and St Petersburg, the country’s largest cities, will not be complete in time. The project was set up by the Russian government and several private investors. According to initial state plans, building of the new road should have been compl
    Read More

Highlighted Content