Earthmoving News

‘High Sales Expected at Euro Auctions’ Brisbane Sale’

Back in November 2011, Euro Auctions, the leading international auctioneers of industrial plant, construction machinery and agricultural equipment announced its first auction in Brisbane – a first step into the Asian/Pacific market. Since then, the Brisbane operation has went from strength to strength, and is now regarded as one of the jewels in their global crown.

This popular site will hold its 29th auction on 15th November 2018.

Euro Auctions’ August auction saw a total number of 650 lots, which were bid on by 1278 bidders – these bidders coming from each Australian state as well as 50 countries. Euro Auctions’ online bidding platform has granted their global customer base access to their auctions, regardless of their location. This was highlighted at their August sale, with 93% of bids being placed online.

“Our Brisbane auctions attract bidders from right across the Asia-Pacific region and even further afield with consistently over 1000 buyers now regularly registering interest for each of our sales,” stated Paul Haynes, Euro Auctions’ Territory Manager for NSW. “We also have over 600 quality used and ‘as new’ lots going under the hammer at each sale so there is always something for everyone.  With no reserves, some real bargains were on offer and we then can ship the lots to wherever they are needed.”

The Brisbane auction has a strong appeal, which has increasingly drawn strong bidder representation from not only Australia and New Zealand, but right around the Pacific Rim and even further afield, with bidders coming from South Africa, India, the Middle East and even Western Europe. Jonnie Keys, Operations Manager at Euro Auctions, added, “Euro Auctions attracts a truly global audience, with our operation in Australia going from strength-to-strength.  We have seen a significant increase in demand from the South East Asia market in particular leading to a marked increase in the sale prices of excavators and dozers, in particular.”

2018 also marks Euro Auctions’ 20th year in business – a reminder of how far it has come in such a short space of time. “When we embarked on this business 20-years ago we never envisaged the impact we’d have on the global equipment market,” added Derek Keys, founder of the business. “We’ve so far been instrumental in selling equipment worth billions in value with the single biggest items to go under our hammer being 220-Ton all terrain Tadano cranes previously operated by Hewden Stuart that each went for £725,000 in Spring 2017 as part of the epic one day £32m disposal sale. We’ve also sold numerous lots at under £1000 each so there is always something for everybody at each of our auctions.”

Today, Euro Auctions hosts around 60 key auctions a year and operates from 10-sales sites in seven countries on four continents around the globe. It also regularly moves equipment around the world so that international buyers can obtain exactly the equipment they need to meet their local requirements.

Paul Haynes concluded: “Demand for quality used equipment is definitely on the up here in Australia and the yearly growth trend Euro Auctions has experienced at all its global sites, continues. Global demand for new equipment is on the rise which is having a really positive knock-on impact on demand for quality used equipment.  Strong prices and the expanding number of vendors consigning equipment for inclusion in our auctions means bidders are ever keen to participate in our auctions.”

Euro Auctions offer potential buyers a great opportunity to acquire some impressive lots with full details and bidder catalogues for the upcoming Brisbane sale available on the Euro Auctions website.

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