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Euro Auctions reports brisk bidding and strong demand at recent events

Increasing economic indications are that the construction sector is picking up and this resurgence in demand has been particularly evident at several of the recent auctions held by Euro Auctions.  
At their three day event in Leeds in late August, almost 4000 lots went under the hammer, the highest number sold at their Leeds auctions to date, achieving over £26.6m. Due to its popularity, a large number of rolling stock had to be turned away and the cut-off date for stationary equipment was also earlier than previous auctions. In addition the number of vendors, bidders and first time buyers from across the globe were all up and a fifth of all sales were secured via internet bids. 

The auction in Dormagen, Germany in early September also demonstrated encouraging results with the overall hammer price increasing on the previous sale to €7.28m. The overall number of lots sold was up too, selling the highest number of lots sold at any Euro Auctions Dormagen auction. There was a significant increase in the total number of bidders and buyers participating in the auction, with over 50% of bidders taking part via Euro Auctions’ free internet bidding service. 

“The global appetite for good quality, used equipment is definitely on the up, and this is reflected in what is now coming to auction,” stated Jonnie Keys, “And we are ideally placed to meet this demand from our operations around the globe.”

Results for the recent sale in Valencia, Spain were not available at time of going to press and Euro Auctions has upcoming auctions scheduled in Dromore, Co.Tyrone on 4th and 5th October; Leeds, UK on 23rd,24th and 25th   October; Dormagen, Germany on 14th and 15th November; and Valencia, Spain on the 27th November. Further afield auctions are scheduled in Atlanta, USA on 16th October and Brisbane, Australia on 7th November.  For further information on any of the auctions visit http://www.euroauctions.com/

Published on: 27 SET 2013