In the world of buying and selling heavy machinery and equipment, physical auctions hold a special place. These events bring together buyers, sellers, and machinery enthusiasts for an experience that combines the thrill of a live auction with the opportunity to acquire valuable assets. Let’s delve into the world of physical machinery auctions and explore why they continue to thrive in the digital age.
One of the most significant attractions of physical machinery auctions is the atmosphere. These events are often held in large auction yards or venues, creating a buzz of excitement as bidders gather to compete for a range of machinery, from construction equipment to agricultural machinery and industrial tools.
The auctioneer’s chant resonates through the crowd, creating a palpable sense of anticipation. Buyers raise their bid cards or signal their offers with a nod, engaging in a lively and competitive bidding process. It’s an experience that evokes the essence of traditional auction culture, where quick decisions and strategic bidding can lead to a successful acquisition.
One distinct advantage of physical machinery auctions is the opportunity to inspect the equipment up close. Buyers can examine the machinery’s condition, operation, and overall quality before placing their bids. This hands-on approach allows for a more informed decision-making process, reducing the risk associated with purchasing sight-unseen.
Inspecting the machinery also provides buyers with insights into any necessary repairs or maintenance, which can be factored into their bidding strategy. It’s a level of transparency that helps both seasoned professionals and newcomers to the industry.
Physical machinery auctions often feature a diverse range of equipment. It’s not uncommon to find rare or specialised machinery that may not be readily available through other channels. This variety can attract collectors, enthusiasts, and professionals seeking unique pieces for their businesses.
From vintage tractors to state-of-the-art construction equipment, physical auctions offer a treasure trove of options. This diversity contributes to the excitement of attending these events, as buyers never quite know what they might discover.
Beyond the machinery itself, physical auctions provide valuable networking opportunities. Attendees can connect with industry peers, exchange insights, and build relationships that may lead to future collaborations or partnerships. These interactions can be as valuable as the equipment being auctioned.
Experienced auctioneers are a crucial component of physical machinery auctions. Their knowledge of the industry, the equipment, and the bidding process helps facilitate smooth and fair transactions. Auctioneers can provide insights into the machinery’s history, condition, and value, assisting both buyers and sellers in making informed decisions.
While physical machinery auctions maintain their traditional charm, they have also embraced digital technology. Many auction houses now offer online bidding options, allowing remote participants to join the action. This integration of digital platforms expands the reach of physical auctions and broadens their appeal to a global audience.
Physical machinery auctions offer a unique blend of tradition and modernity. They provide a thrilling, hands-on experience for buyers and sellers, showcasing a wide variety of equipment and fostering valuable connections within the industry. Whether you’re a seasoned professional or an enthusiast, attending a physical machinery auction can be an exciting and rewarding venture.
Last month, Euro Auctions, the premier auctioneer for construction machinery in Europe, recently hosted its second live, unreserved auction sale at the new permanent auction house in Abu Dhabi, and the results were nothing short of impressive. With over 700 lots up for auction and more than 60 vendors participating, the event showcased the robust demand for heavy construction machinery and commercial vehicles in the Middle East.
The auction witnessed a significant turnout, with both in-person and online participation. An impressive 63% of sales occurred through floor bidders, demonstrating a strong preference for physical auctions. Additionally, 36% of total sales were conducted online, highlighting the evolving landscape of auction platforms.
Euro Auctions has emerged as the sole live auction provider in the Middle East, solidifying its reputation as a trusted and preferred platform for buying and selling heavy machinery.
The majority of consignors (75%) were from the United Arab Emirates, but the auction also attracted vendors from the United Kingdom, Kuwait, the Seychelles, and Sri Lanka. When compared to the inaugural sale at the Abu Dhabi site earlier in the year, the statistics show remarkable growth: the number of consignors increased by 45%, the number of bidders surged by 50%, the number of lots sold went up by 15%, and the average lot value increased by 16%. Notably, 45% of bidders were first-time registrants, underlining the auction’s expanding appeal.
The auction drew a truly international audience, with bidders hailing from the UAE, UK, Saudi Arabia, Iraq, Lebanon, Romania, the Netherlands, Germany, Turkey, and India. The top buying countries by percentage of total hammer sales included the UAE (69%), Saudi Arabia (7.4%), Iraq (5.9%), Libya (6.5%), Uganda (4.1%), the UK (3.6%), and Qatar (2.3%).
Richard Sweatt, General Manager for the Middle East and Asia at Euro Auctions, expressed his satisfaction with the event’s success. He emphasised the importance of the physical auction experience, where customers can inspect machinery firsthand, network with industry peers, and witness the auction action. In a market where competitors are shifting to online sales, Euro Auctions remains committed to providing a personalised and comprehensive auction experience.
Sweatt also highlighted the advantages of Euro Auctions’ new sale site in the Khalifa Economic Zones Abu Dhabi (KEZAD), where part of the yard is licensed as a ‘customs bonded warehouse.’ This simplifies equipment delivery and collection for UAE customers and enhances their ability to inspect stock before auction day.
Future Plans
Euro Auctions has ambitious plans for growth in the region, aiming to become the number one auctioneer in the Middle East. With ample yard space, the company intends to offer a wide range of services related to the sale of industrial plant, construction, and agricultural machinery, including transportation and minor repairs.
The construction industry in the region continues to flourish, with high demand for late-model big excavators, motor graders, single drum vibratory rollers, bulldozers, and clean machines with low hours. The September auction’s outstanding results have fueled the determination of Euro Auctions’ Territory Managers to make the December event even more significant.
As the leading construction machinery auction specialist in Europe and with operations worldwide, Euro Auctions operates three of the most significant auction sites in the EMEA region: Europe’s largest in Leeds, UK, Dormagen, Germany, and now Abu Dhabi, the largest sale site in the Middle East. Euro Auctions’ commitment to delivering top-notch services and connecting buyers and sellers in the heavy machinery industry continues to drive its success and growth on a global scale.
SIDEBARS or BOX OUTS
Used Machinery Prices in Europe, Middle East & Africa from the 7-8 September sale
Skid Steers USD $
2023 Bobcat S510 Skidsteer Loader, Piped, Bucket, ROPS Full Cab 32,500
2023 CAT 216B3 Skidsteer Loader, Piped, Bucket 25,000
2008 Case 430 Skidsteer Loader, Piped, Bucket 7,000
2008 JCB 160 Skidsteer Loader, Piped, Bucket 5,000
Telehandlers
2017 JCB 540-170 Turbo Powershift Telehandler, Joystick Controls, Sway 54,000
2016 JCB 540-170 Turbo Powershift Telehandler, Joystick Controls, Sway 50,000
2015 JCB 540-170 Turbo Powershift Telehandler, Sway, WLI, Reverse Camera 50,000
2016 JCB 540-140 Hi Viz Turbo Powershift Telehandler, Reverse Camera 40,000
2018 Dieci Icarus 40.17 Turbo Telehandler, Joystick Controls, Sway, Forks, A/C 38,000
2007 Manitou MT1740 Turbo Telehandler, Sway, Forks, A/C 17,000
2007 Manitou MT1740 Turbo Telehandler, Sway, Forks, A/C 17,500
2008 Caterpillar TH360B Telehandler, Sway, Forks, A/C 14,000
Backhoe Loaders
2023 JCB 3DX Backhoe Loader, 4×4, Cab, AC, 6 in 1 Bucket 53,000
Wheeled Loaders
2005 Caterpillar 980G Wheeled Loader, A/C 32,000
2015 Komatsu WA480-6 Wheeled Loader, Auto Lube, Reverse Camera, A/C 40,000
2012 Komatsu WA480-6 Wheeled Loader, A/C 30,000
2015 Komatsu WA470-7 Wheeled Loader, Auto Lube, Reverse Camera, A/C 86,000
2004 Komatsu WA470-5 Wheeled Loader, WLI, Reverse Camera, A/C 35,000
2013 Caterpillar 950K Wheeled Loader, Reverse Camera, A/C, Year 2014 as docs 51,000
Dozers
2013 Komatsu D155A-6 Straight Blade & Tilt, Ripper, A/C 97,500
Motor Graders
2013 CAT 140K Motor Grader, Blade, Multi Shank Ripper, 190HP VHP Engine 97,500
2023 XCMG GR165 Motor Grader, Cummins 6 cyld, Blade, Multi Shank Ripper 75,000
1988 CAT 14G Motor Grader, Blade, Push Block, Multi Shank Ripper, Full Cab 34,000
20T Excavators
2014 Komatsu PC400LC-8R 600mm Pads, A/C 86,000
2023 Hyundai R245LR 800mm Pads, Long Reach, A/C 89,000
2023 Hyundai R210 600mm Pads, Piped, A/C 71,000
2023 JCB JS205LC 600mm Pads, Piped, A/C 5 7,500
2021 Tata Hitachi ZX220LC-GI 600mm Pads, Piped, A/C 55,000
2006 JCB JS220 600mm Pads, A/C 16,500
2023 Sunward SWE210 600mm Pads, Piped, A/C, ROPS 52,000
6T Excavators
2015 Hyundai R60-7 Blade, Piped, A/C 6,750
2010 CAT 306 Blade, A/C 6,500
2008 Doosan DH60-7 Blade, A/C 6,250
Mini Excavators
2013 Kubota KX161-3SZ Blade, Piped, Offset, A/C 5,500
2013 Kubota KX155-3SZ Blade, Offset, A/C 6,500
2013 Komatsu PC56-7 Blade, Piped c/w A/C 6,250
2012 Komatsu PC56-7 Blade, A/C 6,250
2009 Komatsu PC56-7 Blade, A/C 6,000
2015 Hyundai R55-7 Blade, Piped, 6,500
0245 – 2013 Hyundai R55-7 Blade, Piped 6,750
0246 – 2008 Hyundai R55-7 Blade, Piped, A/C 6,500
Crushers
2008 Gipo AG RC MAG 2700 VSI Tracked Impact Crusher, CAT C18 Engine 84,000
2008 Gipo AG BP1300/850 Tracked Jaw Crusher, CAT C13 Engine 105,500
Cranes
2007 Terex RT660B 4×4 Rough Terrain Crane c/w 4 Sections Main Boom 43,000
2007 Terex RT555-1 4×4 Rough Terrain Crane c/w 4 Sections Main Boom 44,000
2006 Terex RT555-1 4×4 Rough Terrain Crane c/w 4 Sections Main Boom 38,500
Manlifts
2007 JLG 450AJ Wheeled Boomlift Access Platform 8,000
2006 JLG 450AJ-S2 Wheeled Boomlift Access Platform 7,500
2013 Palazzani TSJ30.1 Tracked Boomlift Access Platfrom, Rubber Tracks 12,500
2008 JLG 4394 RT Wheeled Scissorlift Access Platform 5,250
2008 JLG 3394RT Wheeled Scissorlift Access Platform 5,750
