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.”
