Multiple world records were achieved at the one‑day Hewden crane disposal sale organised by Euro Auctions, on behalf of Joint Administrators from Ernst & Young LLP, at the Newark showground on Friday 03 March.
Already recognised as the world’s largest single one‑day mobile crane sale, this was a truly impressive spectacle, with the 127 cranes lined up either side of a 300m+ long stretch of the disused runway at the Newark showground, all with their boom arms raised. The auctioneers proceeded down the runway during the course of the day, moving to each lot in turn; with the final hammer price exceeding €32m (£27.4m).
Despite the wet and blustery conditions on the day an over 500 interested bidders turned out to participate and witness the auction with close to 1500 additional bidders registering and taking part via the internet with 15% of all winning bids going to online bidders. While 36 cranes were snapped up by UK based companies, many of which are likely to continue to be used on UK based contracts and projects, bidders from over 30 countries were represented and brought the rest and these are expected to now be shipped around the globe. One bidder from Holland, for example, but representing a Kuwait customer purchased a package of eight cranes. Other notable bidders came from the Netherlands, Finland, Oman, Australia, Chile and Japan.
“Bidders had a wide selection of cranes to choose from at this auction so they could select something that exactly met their requirements. Both 220 Ton all terrain Tadano cranes went for £725, 000 each while one of the versatile 2002 Terex Demag 30 Ton City cranes went for just £39,000,” continued Jonnie Keys. “All of the Hewden equipment we have auctioned to date has proved to be of exceptional quality, well maintained and providing real value for money for its new owners.”
Topping the list of items auctioned were two 220 Ton all terrain Tadano cranes only registered in 2016 which feature a 68m main boom, an 11.1m boom extension, and a 76m maximum lift height and these went for €877.500 / £725, 000 each. Then there were 23 other 100+ Ton Tadano and Terex cranes most of which are only a few years old, with low hours and offering various radius and maximum lift heights. Then there were 57 cranes in the 50-100 Ton bracket and 45+ units in the versatile and highly sort after 30-50 Ton general purpose category.
Since the start of the year, Euro Auctions has been working closely with the Joint Administrators and has now delivered a number of unreserved auctions across the UK to dispose of thousands of pieces of used general construction plant and equipment held at individual depots. When added to the revenues just achieved at the 127 mobile crane auction total revenue of approximately £46m, has already been realised.
Further disposal auctions are still to take place and the disposal process is not expected to be completed until the end of April by which time we the eventual total could exceed £60m.