Success for construction equipment auction

Euro Auctions’ May sale in Dormagen, Germany, saw 1,400 lots (30% up on the February sale) go under the hammer, with 20tonne-plus hydraulic excavators being the most popular type of machine sold. Over 250 Internet bidders registered, and Internet bids were placed on 71% of lots with 27% of all final successful hammer bids being received electronically.
May 10, 2012 Read time: 2 mins
214 Euro Auctions’ May sale in Dormagen, Germany, saw 1,400 lots (30% up on the February sale) go under the hammer, with 20tonne-plus hydraulic excavators being the most popular type of machine sold.

Over 250 Internet bidders registered, and Internet bids were placed on 71% of lots with 27% of all final successful hammer bids being received electronically.

The total number of lots offered at Dormagen approached the volumes achieved last autumn, which is regarded as the most popular time to upgrade existing plant.

The number of sellers increased by 16%, and buyers from over 40 countries were represented at the sale, with 25% of the 400 registered buyers being based in Germany. There were also a noticeable number of first-time German registrations.

Much of the equipment sold will remain in Germany. The Netherlands, Poland and Russia also proved to be the new homes for a significant amount of the plant purchased.

Euro Auctions also regularly holds plant and equipment sales at Leeds, UK (the recent record-breaking sale saw a post-sale total of £24.1 million/€28 million) worth of assets sold in three days); Valencia, Spain; and at its home base, Dromore, Northern Ireland.

Plant, machinery and equipment entries for the next Dormagen sale on 15-16 September, 2011, are already being received.
Finance & Funding

For more information on companies in this article

Related Content

  • 2-4 year-old construction equipment tops buyer ‘wish list’
    May 11, 2012
    A leading used construction equipment auctioneer firm boss believes equipment aged between 2 and 4 years is now topping buyers’ ‘wish lists’, as 1 to 2-year-old used stocks deplete. Jonnie Keys, General Manager of Euro Auctions, said that with the cost of new equipment currently up by around 20% on prices in June 2009, the used market is still strong. “Euro Auctions has repeatedly seen over 30% of all plant sold leaving the UK and Europe for projects in Australia, South Africa, South America, Central Ameri
    Read More
  • Ritchie Bros sets auction record in Florida
    February 23, 2015
    Heavy equipment auction specialist Ritchie Bros set a record for a recent event in Florida. The firm sold over 10,500 items of heavy equipment items and trucks at the auction, held last week in Orlando, Florida. The five-day unreserved public auction ran from February 16th – 20th and attracted over 9,350 bidders who made offers either in person at the event or online. The bidders came from 81 countries while the auction generated over $179 million in gross auction proceeds. This included over $66 million of
    Read More
  • Dubai auction by Ritchie Bros. sets records for bidders
    September 11, 2015
    A two-day unreserved public auction in Dubai set a record for number of bidders, according to the auction organisers by Ritchie Brothers. More than US$42 million worth of construction equipment including trucks went under the hammer on September 8 and 9 in the United Arab Emirate member state. Eduard Faig, regional sales manager for Ritchie Brothers, said the event set new Dubai records for the total number of on-site bidders, reaching just over 920, and for the number of online bidders, more than 400
    Read More
  • Record breaking Ritchie Bros. auction in Donington Park, UK
    July 17, 2015
    Industrial equipment auctioneer Ritchie Bros. reported its largest-ever UK auction was held in July, in Donington Park. More than 120 sellers put over 1,600 item on the block for the 900-plus bidders – all record levels, according to Ritchie Bros. All items in the unreserved public auction at the motor racing circuit were sold without minimum bids or reserve prices. Bids were placed in person at the Donington Park auction site, live online via rbauction.com and by proxy. Rupert Craven, sales direct
    Read More

Highlighted Content