IronPlanet planning UK auction

IronPlanet is holding a machine auction in the UK for Cat Auction Services. The event will be hosted by Finning UK & Ireland. The auction will take place on Tuesday 18th October at Rockingham Motor Speedway, Northamptonshire. The event is aimed at buyers of heavy used equipment from the UK and other international markets. The on-site auction event will also be supported by IronPlanet’s online marketplace, which allows bidders to participate online from anywhere across the globe.
October 6, 2016 Read time: 2 mins

714 IronPlanet is holding a machine auction in the UK for 2294 Cat Auction Services. The event will be hosted by 1413 Finning UK & Ireland. The auction will take place on Tuesday 18th October at Rockingham Motor Speedway, Northamptonshire. The event is aimed at buyers of heavy used equipment from the UK and other international markets. The on-site auction event will also be supported by IronPlanet’s online marketplace, which allows bidders to participate online from anywhere across the globe.

IronPlanet’s first UK auction in April attracted 17,580 prospective buyers both physically on-site and through IronPlanet’s online platform. All 176 items that were up for auction sold, generating around £4.9 million in gross merchandise volume.

Felipe Fernández-Urrutia Massó, vice president of European Sales at IronPlanet, said, “The success of our previous Rockingham auction was unquestionable, and reiterated what we already knew – that the demand for heavy used equipment – both in the UK and overseas – is steadily climbing. The pick up from the Spanish, German, Sweden and Irish markets in particular has continued to grow, and I am excited to see how this will translate for the upcoming auction this autumn.”

Each machine will be showcased on IronPlanet.com in advance of the October auction, and buyers who are unable to attend in person can bid online in real-time.

During the preview period before the auction, PriorityBids can be placed to give buyers a better chance of winning their items. Each unit will also be backed by IronPlanet’s equipment inspection certification and inspection reports, which detail the condition of the machine to its potential buyer.

Bidders will also be able to view detailed inspection reports ahead of the sale. For buyers unable to be physically present for this auction, there is the option to use IronPlanet’s new Livestream service. This allows buyers to both hear and see the auctioneer in real-time from anywhere in the world.

Finance & Funding

For more information on companies in this article

Related Content

  • Successful sale
    March 1, 2012
    Euro Auction continues its record sales with the highest ever hammer price for a sale at its German facility in Dormagen.
    Read More
  • Auction firm Ritchie records record sales of equipment
    December 20, 2013
    Ritchie Bros Auctioneers sold some US$3.8 billion of equipment at 356 unreserved auctions around the world in 2013. This is a 3% decrease in gross auction proceeds (GAP) compared to the record set in 2012. During the fourth quarter of 2013, the firm achieved gross auction proceeds of $1.1 billion, a record for the fourth quarter and an increase of 10% compared to the same quarter of 2012. "We achieved some notable milestones during 2013," said Peter Blake, CEO of Ritchie Bros. "In Canada, our most establi
    Read More
  • First ever Plantworx show hailed a success after attracting over 11,000 visitors
    May 21, 2013
    The debut PLANTWORX construction equipment exhibition at Stoneleigh Park, in Warwickshire, central England, has been hailed a success after attracting more than 11,500 visitors over the course of the three-day event. While the British weather was true to form with torrential rain for the best part of two days, serious buyers were out in in their droves. PLANTWORX also made National TV on the morning of day one (May 14 2013) – with BBC Breakfast News broadcasting live from the show, interviewing PLANTWORX or
    Read More
  • Hewden sets date for used plant and equipment auction online
    August 3, 2015
    Europe’s largest direct from user auction event, the Hewden August Auction, will be held August 12. The Hewden August auction features power tools, generators, power and lighting towers, amp welders and even 13tonne Caterpillar excavators. The auction comprises ex-rental machinery and cranes owned and operated from new by Hewden. For those who cannot make the event in person, the auction is powered online by Proxibid, where the online provider’s fraud protection technology protects both buyers and seller
    Read More

Highlighted Content