After the three-day event, the hammer total was £42 million (€47.96mn), an increase of over 5% on the same period in 2018. The last three Euro Auctions sales have all been record breaking in some way, however, with this sale the number of lots was the highest on record, in addition to record attendances, record registrations and record number of bidders from across the globe. Online sales are now constantly between 50% and 60%, with strong interest from Europe, Middle East, Africa, Oceania, Caribbean, Asia, South America and North America.
Speaking about what was behind the great interest in the most recent Leeds auction sale, Jonnie Keys, Euro Auctions operations manager, said: “Whilst we have a reputation for selling good quality machinery, and lots of it, we think it’s combination of things. It may be the tip of the Brexit spike, with consignors and buyers disposing of, or acquiring machinery, before the Brexit deadline at the end of March.
“Another factor may be capacity,” continues Keys. “Euro Auctions is expanding the Leeds sale site, and whilst these facilities will not be operational until later in 2019, the entire area is being laid to concreate hard standing, giving us the capacity on sales days to line up and display up to 6,000 lots.
“On Brexit, whatever the outcome may be, Euro Auctions is experienced in shipping machinery and equipment around the globe for many of our clients, both economically and painlessly, so our buyers are bidding with confidence that we can help them get their purchases to where in the world they need to be.”
Notable lots sold, with prices included:
10 tonne excavator:
20 tonne excavator:
Articulated dump truck:
2005 CAT D5N LGP c/w 6 Way pat blade,
The soon to be opened expanded Euro Auctions Leeds facility will include new workshops, office and main administration centre, auction arena and sales ramp, in addition to a 2,380m² jet wash bay. All this will create the largest auction site in Europe.