The recent March sale, at the Euro Auctions flagship site in Leeds, the hammer total hit almost £60 million, with 6,000+ lots for sale on the 25th Anniversary, providing the biggest sale ever!
Like the perfect storm, the planets aligned, consignors offered more quality machinery than ever before, buyers got wind of the fact the machinery on offer was of exceptional quality and there was lots of it. That, combined with consignments of 1,000 excavators, from mini diggers to over 20t machines, that went over the ramp on sale day, this was the most exceptional sale that Euro Auctions has ever hosted. And, if that want enough, it coincided with the 25th Anniversary of Euro Auctions.
In March 1998, 25 years ago, in Dromore, Northern Ireland, the keys family were hosting their first plant auction, which featured 371 lots, which sold for a hammer price approaching £1 million. Now, 25 years later, 6,171 lots from 578 vendors, from 28 countries, were sold to 4,888 bidders from 90 countries, for a final hammer price of almost £60 million! Whatever Euro Auctions has been doing in the last 25 years, they certainly have got the formula right!
At this March sale, 578 vendors from 28 countries consigned equipment to the sale. Predictably, it was the home nation that ruled this auction, with 511 vendors coming from the UK. With 6,171 lots for sale reaching an average lot value of £9,624 this was an indicator of the quality of each item sold.
4,888 bidders registered to take part in this sale with 84% bidding on line, however, with floor bidders and the camp-followers who like to turn up at each auction for the buzz of a ‘big sale’, the crowd on the day was one of the biggest Euro Auctions have seen, with 20% of bidders registered for the first time with Euro Auctions, of which over 15% purchased.
Again, the home crowds were the most aggressive bidders with UK buyers securing 45% of the lots on offer, with bidders from Europe being 51% of the buyers, with the Middle East, North America, Africa, South America and the Caribbean making up the remainder.
What was the mood of the sale? Chris Osborne, Sales Manager at Euro Auctions comments on the key points of March 2023 sale, including his Top Picks from the sale.
“To continue to report that Euro Auctions has just had another record breaking sale, sale-on- sale, may be sounding repetitive, however the business cannot apologise enough for that continued exuberance in reporting each sale. That fact is each sale just gets better and better. We are inundated with good machinery and our customers trust us to achieve best price.”
Record Consignments Show Confidence & Trust in Euro Auctions
“The strength of this sale was astounding, with the number and quality of consignments unprecedented. With many large rental companies refreshing inventory, sending large multiple consignments to this sale, and the numbers were quite remarkable. The value of those Top-10 consignors amounted to over £20 million in sales. One rental company consigned £7.5 million of machinery, another £2.6 million, another £2.1 million, another £1 million. In the list of the next 40 consignors, in the top 50, the average consignment per individual vendor was in the region of £200,000.”
“This shows the level of trust and confidence that the market has in Euro Auctions. To dispose such large consignments of machinery, in an open and unreserved sale, on the final knock of the auctioneers hammer, our consignors trust Euro Auctions to gain the best price the market can provide. “
“Following various conversations, many of those rental companies, it was clear that they were awaiting consignments of new machines from OEMs. With fresh used machines maintaining their value when compared to new stock, owners were happily disposing of inventory, with an ‘out with the old, in with the new’ attitude at this sale. These were strategic business decisions, as you don’t sell £ millions worth of machines, at an unreserved sale, on a whim.”
Strong Prices
“At this auction it was evident prices were going to be strong from the very first day. There was an urgency to the activity of the sale, with prospective buyers not holding back, but getting straight into serious bidding. My colleagues and I could feel the atmosphere which was palpable. We have been noticing this sense of urgency at previous sales where buyers are keen to try and secure good lots. Whilst this is a ‘self-regulating’ industry, with the market dictating the value of each item sold – demand and supply set the price. Those following the auction closely will have noticed that many models increased in prices since the sales of late 2022.”
Market Price
“The used construction and agricultural machinery sector in the UK, and Europe, uses each Euro Auctions sale to ‘price check’ the industry. As we sell so much construction and agricultural machinery, every 6 weeks, we do know the true value of equipment. With 6,000+ machines at this sale, including 1,000 excavators, we have a wide breadth of data at our disposal as to what machine values are. As we will sell models and ranges from almost every popular manufacturer, age from new to 10+ years old, we really do know what current values are.”
Stock In Abundance
“For the next Euro Auctions sale at the Leeds site, on the 26th to 29th April we have over 1,000 pieces already consigned to this auction and in the yard at Leeds. With consignors choosing to work with Euro Auctions so far out in the auction cycle, vendors trust us and want us to sell their equipment for them.”
Top Picks
"At this January 2023 sale, we saw a large number of Excavators of all sizes. Telehandlers and Articulated Dump Trucks were available in good numbers also, all making strong prices. Of all the equipment sold, here are some of my personal 'Top Picks' from the March sale.” Concludes Chris Osborne.”
|
2018 Scania
P410XT 8x4 Tipper Lorry, Abba Body, Easy Sheet
|
£70,000
|
|
2018 Scania
P410 8x4 Tipper Lorry, Palfinger 20m Crane, Easy Sheet
|
£82,000
|
|
2018 Volvo
FMX420 8x4 Tipper Lorry, Easy Sheet, 3 Way Camera, Auto
|
£43,000
|
|
2019 DAF
CF480 6x4 Hub Reduction, Euro 6, Tipping Gear, Automatic
|
£38,000
|
Tractors
|
2019New
Holland T7.260 4WD Tractor, A/C (1800 Hours)
|
£66,000
|
|
2018John
Deere 6135M 4WD Tractor, Front Weights, 3 Spool Val
|
£43,000
|
Telehandler
|
2021 JCB
540-180 Hi Viz Turbo Powershift Telehandler, Joystick Controls
|
£62,000
|
|
2020 Manitou
MT1840 Easy Turbo Telehandler, Joystick Controls, Sway
|
£54,500
|
|
2021 Manitou
MT1440 EASY Turbo Telehandler, Joystick Controls, Sway
|
£62,000
|
|
2021JCB
540-140 Hi Viz Turbo Powershift Telehandler, Sway
|
£52,000
|
|
2020 JCB
533-105 Turbo Powershift Telehandler, WLI, Forks
|
£40,500
|
|
2019 JCB
536-95 Turbo Powershift Telehandler, WLI, Joystick Controls
|
£60,000
|
Backhoe Loader
|
2022JCB
3CX COMPACT Turbo Powershift Backhoe Loader
|
£60,000
|
|
2019JCB
3CX P21 ECO Turbo Powershift Sitemaster Backhoe Loader
|
£54,500
|
Wheeled Loaders
|
2017 CAT
962M Wheeled Loader, Auto Lube, Reverse Camera
|
£110,000
|
Dozers
|
2019 Liebherr
PR736 XL Straight Blade & Tilt, Reverse Camera
|
£150,000
|
|
2017 CAT
D6N LGP 6 Way Pat Blade, 360 Camera, A/C
|
£102,000
|
|
2011CAT
D6N LGP 6 Way Pat Blade, Trimble 3D Earthworks GPS
|
£70,000
|
|
2020 Komatsu
D61PX-24 6 Way Pat Blade, Reverse Camera, A/C
|
£129,000
|
Articulated Dump Truck
|
2022 Volvo
A30G 6x6 Articulated Dumptruck
|
£26,000
|
|
2021 Volvo
A30G 6x6 Articulated Dumptruck, Tail Gate
|
£215,000
|
|
2017 Volvo
A30G 6x6 Articulated Dumptruck
|
£125,000
|
|
2017 CAT
730C2 6x6 Articulated Dumptruck, Tail Gate
|
£135,000
|
|
2020 Bell
B30E 6x6 Articulated Dumptruck, Tailgate, Reverse Camera
|
£134,000
|
|
2018 Bell
B30E 6x6 Articulated Dumptruck, Reverse Camera
|
£112,500
|
|
2015 Bell
B30E 6x6 Articulated Dumptruck
|
£77,500
|
|
2018 Hydrema
922F 6x6 Articulated Dumptruck
|
£90,000
|
|
2018 Bell
B20E 6x6 Articulated Dumptruk
|
£91,000
|
|
2021 Hydrema
912G 4x4 Articulated Dumptruck
|
£85,000
|
6T Excavators
|
2019 CAT
308CR 450mm Rubber Block Pads, Blade
|
£46,000
|
|
2021 Doosan
DX85R-3 Rubber Tracks, Blade, Offset
|
£50,000
|
|
2018 Kubota
KX080-4A Rubber Tracks, Blade, Offset
|
£36,500
|
|
2019 JCB
86C-1 ECO Rubber Tracks, Blade, Offset
|
£28,500
|
10T Excavators
|
2022 Hitachi
ZX130LCN-7 700mm Pads, CV, QH, Piped, 3 Way Camera
|
£92,500
|
|
2018 Takeuchi
TB2150R 700mm Pads, Blade
|
£48,500
|
|
2021 Kobelco
SK140SRLC-7 700mm Pads, Blade
|
£72,000
|
|
2020 JCB
140XL 4F 700mm Pads
|
£55,000
|
|
2020 Komatsu
PC138US-11 700mm Pads
|
£64,000
|
|
2021 Hitachi
ZX135US-6 700mm Pads
|
£66,000
|
|
2018 Hitachi
ZX135US-6 700mm Pads
|
£46,000
|
|
2019 CAT
313FL 700mm Pads
|
£49,000
|
|
2021 Doosan DX140LCR-5 700mm Pads
|
£57,000
|
|
2018 Volvo EC140EL 700mm Pads
|
£40,000
|
|
2018 JCB 131XL 500mm Pads
|
£46,000
|
20T Excavators
|
2016 CAT
330FL 700mm Pads, Piping, Reverse Camera
|
£72,000
|
|
2016 Volvo EC380EL 700mm Pads, Piped, Reverse Camera,
A/C
|
£80,000
|
|
2019 Hitachi
ZX300LC-6 800mm Pads, 3 Way Camera, A/C
|
£87,000
|
|
2017 Volvo EC300EL 700mm Pads, 360 Camera, A/C
|
£76,000
|
|
2020 Kobelco
SK210LC-10 700mm Pads, A/C, Trimble Ready (2910 Hours)
|
£86,000
|
|
2021 Komatsu PC210LC-11E0 700mm Pads, A/C
|
£90,000
|
|
2019 CAT
320 700mm Pads, Reverse & Blind Spot Camera, A/C
|
£84,000
|
|
2018 Komatsu
PC210LC-11 700mm Pads, A/C
|
£61,000
|