Increasing interest in secondhand machines

Auction specialist 214 Euro Auctions claims that market interest in secondhand equipment continues to rise. The firm reports strong demand for secondhand machines at its recent sales. At the firm’s three day event in Leeds in late August, almost 4,000 lots went under the hammer, the highest number sold at their Leeds auctions to date, achieving over £26.6 million. A large volume of stock had to be turned away and the cut-off date for stationary equipment was also earlier than previous auctions. In addition the number of vendors, bidders and first time buyers from across the globe were all up and 20% of all sales were secured through Internet bids.

The company’s auction in Dormagen, Germany in early September also demonstrated encouraging results with the overall hammer price increasing on the previous sale to €7.28 million. The overall number of lots sold increased, selling the highest number of lots sold at any Euro Auctions Dormagen auction. There was a significant increase in the total number of bidders and buyers participating in the auction, with over 50% of bidders taking part via Euro Auctions’ free internet bidding service.