Sales high at last 2016 Euro Auctions event in Leeds, UK
The latest equipment auction by UK-based 214 Euro Auctions at its expanded Leeds site in England achieved a hammer price of more than €28 million (£24 million).
During the three-day auction in Leeds in November, 3,750 lots went under the hammer, bringing the yearly total for the site to more than €208 million (£174 million).
Euro Auctions said that the stand out lot was a 20112300 Komatsu PC350LC-8 excavator loaded with features that had done only 794 hours. It achieved a hammer price of nearly €66,500 (£56,000).
Other extremely low-hours lots included a176 Case CX50BS2 mini digger with rubber track that went for nearly €31,500 (£26,500) and a fully loaded 2199 JLG 4017RS telehandler that went for €55,800 (£47,000), both with “just-delivery mileage”.
The company, with headquarters in Dromore, Northern Ireland, said it also held a number of special one-day sales for businesses including national equipment rental company6264 A-Plant and mining outfit UK Coal.
During 2016 Euro Auctions held more than 30 auctions around the globe, including in Australia and the US.
“Despite global trends and market difficulties of recent years, we have seen real growth in the used plant and equipment sector,” said Jonnie Keys, operations manager for Euro Auctions’ global activities. ”Our recent one-day sale in Atlanta saw a 25% increase to almost $3 million (€2.6 million) in total hammer prices but more importantly the total number of registered bidders more than doubled on the previous sale held just a few months earlier.” One lot alone, an unused 2015 Case CX80C mid sized excavator achieved $61,000 (€57,500).
Keys said the popularity of internet bidding continues to grow. More than 40% - nearly €12 million (£10 million) in financial terms - of all winning bids at the Leeds sale were placed electronically. “Go back just a year and internet bidding accounted for around 30% of all sales while just five years only around 5% of bids were placed via the internet.”
Euro Auctions, established in 1998, is based in Dromore in Northern Ireland and also has other sites in Leeds in England, Dormagen in Germany, Zaragoza in Spain, Brisbane in Australia and in the US in Atlanta and Houston.
During the three-day auction in Leeds in November, 3,750 lots went under the hammer, bringing the yearly total for the site to more than €208 million (£174 million).
Euro Auctions said that the stand out lot was a 2011
Other extremely low-hours lots included a
The company, with headquarters in Dromore, Northern Ireland, said it also held a number of special one-day sales for businesses including national equipment rental company
During 2016 Euro Auctions held more than 30 auctions around the globe, including in Australia and the US.
“Despite global trends and market difficulties of recent years, we have seen real growth in the used plant and equipment sector,” said Jonnie Keys, operations manager for Euro Auctions’ global activities. ”Our recent one-day sale in Atlanta saw a 25% increase to almost $3 million (€2.6 million) in total hammer prices but more importantly the total number of registered bidders more than doubled on the previous sale held just a few months earlier.” One lot alone, an unused 2015 Case CX80C mid sized excavator achieved $61,000 (€57,500).
Keys said the popularity of internet bidding continues to grow. More than 40% - nearly €12 million (£10 million) in financial terms - of all winning bids at the Leeds sale were placed electronically. “Go back just a year and internet bidding accounted for around 30% of all sales while just five years only around 5% of bids were placed via the internet.”
Euro Auctions, established in 1998, is based in Dromore in Northern Ireland and also has other sites in Leeds in England, Dormagen in Germany, Zaragoza in Spain, Brisbane in Australia and in the US in Atlanta and Houston.
