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Back in November 2011 Euro Auctions, the leading international auctioneers of used industrial plant, construction machinery and agricultural equipment, announced its first auction in Brisbane, and over the past seven years this site has grown to become one of the Jewels in its global network. This year also sees Euro Auctions celebrate 20 successful years in operation.
The next scheduled Brisbane sale is on 30th August followed by an online auction planned for 04th October and another physical auction on 15th November.
“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.”
“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 many billions in value with the single biggest items to go under our hammer being a couple of 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.”
Euro Auctions today
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 globe so that international buyers can obtain exactly the equipment they need to meet their local requirements.
Collectively Euro Auctions now auction over 75,000 lots each year, consigned by more than 6000 regular vendors. Each auction also has massive appeal with sustained corporate marketing initiatives regularly reaching a global audience of over 150,000 potential buyers. One in five of these actively register as bidders, with over 10,000 actually taking delivery of one or more consignments. This now results in a global turnover annually in excess of £400-million.
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.”