Euro Auctions, Leeds, has produced the biggest sale in its history with 5,500+ lots and a hammer of £45.3 million.
The results of the recent four-day sale at Europe’s largest auction site showed that market confidence is still high, and Euro Auctions is still able to source and bring to Leeds an abundance of excellent quality equipment and machinery. With over 5,500+ lots going under the hammer, the sale finished at just under £45.3 million, which is an all-time record for the Leeds site.
When compared to the same sale 12 months ago, this sale was 14% up, with bidders from 86 countries registering. In all, 571 vendors from 23 countries sent equipment to the sale. Almost 4,000 bidders registered for the sale, of which 477 were first time registrations, and 16% of those first-timers were successful in purchasing on the day. Sales totals were almost equally split between the UK market and overseas.
“Euro Auctions has had a great start to 2022 with the auction hammer at this latest sale up some 20% from same period in 2021, and with auction revenues up 15%, our Leeds site has recorded its largest ever sale,” reports Euro Auctions General Manager Jonnie Keys. “We are also seeing the return of the off-site auctions, where auctions take place at the seller’s location, which had disappeared during the Covid period.”
Market trends
Chris Osborne, Euro Auctions Sales Manager, comments: “We knew this was going to be a big sale as the yard at Leeds was close to capacity and we are still consigning good late, low hours equipment, and multiple compliments of ‘new to 48-month-old’ machines. The equipment is out there, and we are finding it! With high demand from the market, prices were strong at this sale, and over the same auction 12 months ago demand was higher, prices were better, the levels of stock for sale were greater and demand from around the world was more evident.”
“There were many gems making very good money. Articulated Dumptrucks stood out as making particularly strong money across the board, with mini diggers also strong.”
