Euro Auctions is continuing to go from strength to strength with the official opening of its new corporate HQ sale site in Abu Dhabi. With the hammer total doubling the revenue over the same sale in June 2023 and increasing the number of vendors by 95%, the number of consignors doubling, increasing the number of first-time registered bidders for a Euro Auctions sale in the UAE, and increasing vendor countries by 300%. With the appetite to be the number one auction facility in the Middle East this sale indicates that Euro Auctions is firmly on that trajectory.
With nearly five hundred lots for sale, the average lot price was double that of the same sale in June 2023, indicating that through the Abu Dhabi auction, Euro Auctions is selling more big-ticket items than in the previous 12 months.
This Euro Auctions sale attracted vendors from across the Gulf, India, China, Africa and East Asia, and while online buying is strong at all Euro Auctions sales, it is still the preference of Middle East buyers to attend live sales and bid in person on the day, with 47% of buyers transacting bidding online. First time registrations to buy with Euro Auctions increased by 20%.
According to the auction house, the top buying countries at the June sale were: UAE, UK, India, Saudi Arabia, Qatar, Norway, Nigeria, Morocco, Kenya and Jordan.
Unsurprisingy the top buying region was the Middle East at 82%, but, as the country list suggested, the auction is also attracting an international line-up of buyers with Africa (6%), UK (5%), Asia (3.6%), Europe (2.25%) and North America (1%) all participating.
Richard Sweatt, General Manager for Euro Auctions Middle East and Asia comments.
“We welcomed the world to our new Gulf HQ in Abu Dhabi and this resulted in a record sale. This new site in the Khalifa Economic Zone is pivotal to our expansion in EMEA and East Asia and we plan to host 4 to 6 live sales per year on this site. Specialising in the sale of high value construction machinery and commercial vehicles,
our new facility in Abu Dhabi provides us with the opportunity and the appetite to further develop within the region.”
“This was a record sale for Euro Auctions in Abu Dhabi and in all statistics we saw substantial growth,” he said.
“The sales total was a 12-month high, with a 20% increase in the number registering, with bidders from Scandinavia to the Far East including the Gulf, East, West and North Africa, every country in central and eastern Europe, the USA, Canada and Australasia.
“Euro Auctions does have extraordinary global reach and once a seller or buyer trades with us, there is a loyalty and this is a real testimony to the like and faith that buyers have in the Euro Auctions brand.
“The value of individual lots is increasing at each sale, selling higher value, quality units, and we are attracting many new consignors as our customers see the benefits of selling with us.
“We are also seeing good consignments coming from outside of the UAE to meet the demand for fresh and low hours machines that buyers in the Gulf want.”
According to Sweatt Euro Auctions strength is in its network of sale sites and our teams of sales managers who are globally connected.
“We attract good consignors and vendors because of our ability to sell to a large global audience, with over 250,000 unique clients and selling into over 100 countries, we are able to attract a very serious buying audience.”
Sweatt continued: “In the Gulf, in the last 6 months, we have seen an increase in the number of vendors using
Euro Auctions who have never previously sold at auction, coming to us for the first time. So, this is a real testimony to the trust that sellers put in us to achieve the best price possible and Euro Auctions always achieves true market value for the sellers machinery.”
“We want sellers to sell with us, and we want buyers to buy from us because, not only do we offer some of the most competitive rates of commission in our sector, but we have one of the best facilities thus attracting the best machines and the best inventory for our buyers.”
As they continue to expand globally, Euro Auctions is set to remain a leader in the industrial auction industry, delivering high-value equipment to a worldwide market.
“Euro Auctions continues to expand globally with the acquisition of the Michener Allen group in Canada, Euro Auctions now spans four continents, with auction sites in 8 countries, operating 12 sites and selling over 150,000 lots each year,” noted Sweatt.
The Abu Dhabi site is now expected to continue to attract vendors from across the Gulf, India, China, and East Asia, with the aim of drawing international sellers seeking a global audience. .
The opening of Euro Auctions’ newest facility underscores the company’s on-going commitment to providing unparalleled auction services and fostering economic growth in the region.
And despite the strong trend in online buying, it is clear from the June sales that, with Middle East buyers still prefering to attending auctions in person, the new facility has been perfectly designed to meet this demand.
Selected Sale Prices At This Sale
Skidsteer Loaders $
2024 Bobcat S450 Skid Steer Loader, Piped, Bucket 27,750
2024 CAT 216B3 Skid Steer Loader, Piped, Bucket 25,000
Telehandlers
2022 JCB 540-170 Turbo Powershift, Joystick Controls, Sway, A/C, Forks 72,000
2016 JCB 540-170 Turbo Powershift, Joystick Controls, Sway, Forks, A/C 51,000
2013 JLG 4017 Turbo Powershift, Joystick Controls, Sway, Bucket, Forks, A/C 10,000
2013 CAT TH514 Turbo Powershift, Joystick Controls, Forks, A/C 12,500
Forklifts
2023 Shanding T35B 3.5 Ton Rough Terrain Diesel, 2 Stage Mast, Forks, Full Cab 10,500
2017 Mitsubishi FD30NT 3 Ton Diesel Forklift, 2 Stage Mast, Forks 9,000
2017 Mitsubishi FD15 15 Ton Diesel Forklift, 2 Stage Mast, Side Shift 47,500
2015 Hyster H4.0FT6 4 Ton Diesel Forklift, 2 Stage Mast, Forks 10,000
2015 Hangcha CPCD35-XW33B 3.5 Ton Diesel, 2 Stage Mast, Side Shift, Forks 5,000
2010 Caterpillar DP30NT 3 Ton Diesel Forklift, 2 Stage Mast, Forks 7,500
2008 Mitsubishi FD70 7 Ton Diesel Forklift, 2 Stage Mast, Side Shift, Forks 14,000
Backhoe Loaders
2024 JCB 3DX PLUS 4×4 Backhoe Loader, Full Cab, Bucket, A/C 43,000
2024 Case 770EX 4×4 Turbo Backhoe Loader, Full Cab, 4 in 1 Bucket 38,000
2017 JCB 3DX Backhoe Loader, 4 in 1 Bucket, Full Cab, A/C 21,000
2012 Case 580T 4×4 Turbo Backhoe, Joystick Controls, Extendahoe, 4 in 1 Bucket 15,000
Wheeled Loaders
2024 Blanche TW36 Wheeled Loader, Full Cab, Bucket 6,250
2017 Komatsu WA380Z-6 Wheeled Loader, Bucket, A/C 36,500
1998 CAT 966 Wheeled Loader, Bucket, A/C 27,500
1998 CAT 966F Wheeled Loader, Full Cab, Bucket 28,500
1990 CAT 966F Wheeled Loader, Bucket 31,000
Rollers
2004 Dynapac CP271 Pneumatic Tyred Roller, Canopy 9,500
2023 Boss TV800 Double Drum Vibrating Roller, Roll Bar 5,250
2015 Wacker Neuson RD16-90 Double Drum Vibratory Roller 4,250
2007 Hamm 3411 Single Drum Vibratory Roller, Canopy 23,000
2006 Hamm HD 110 VV Double Drum Vibratory Roller, Canopy 11,000
2006 CAT CS533E Single Drum Vibratory Roller, Canopy 16,000
2005 Hamm GRW 18 Pneumatic Tyred Roller 14,000
Dozers
2011 Komatsu D155A-6 Straight Blade & Tilt, Ripper, A/C 41,000
2010 CAT D8T Straight Blade & Tilt, A/C (9,428 Hours) 74,000
2010 Komatsu D155A-6 Straight Blade & Tilt, Ripper, A/C 41,000
2009 CAT D7R II Straight Blade & Tilt, A/C 36,500
2008 CAT D7R II Straight Blade & Tilt, A/C 36,500
2008 CAT D6T Straight Blade & Tilt, A/C 22,000
1997 CAT D6R Straight Blade & Tilt, A/C 25,000
20T+ Excavators
2023 Hyundai R210 600mm Pads, Piped, A/C 71,000
2023 Hengwang HW220 600mm Pads, A/C 41,000
2023 CAT 320 GC 600mm Pads, Piped, ROPS, Reverse Camera, A/C 87,500
2022 CAT 320D3 GC 600mm Pads, A/C 66,500
2021 CAT 320D3 GC 600mm Pads, A/C 61,000
2019 CAT 330 700mm Pads, A/C 74,000
2017 Komatsu PC 400LC-8R 700mm Pads, A/C 59,000
2016 Komatsu PC450-8 600mm Pads, A/C 50,000
2011 CAT 345D 700mm Pads, A/C 25,500
2008 CAT 330D 700mm Pads, A/C 27,000
2006 CAT 330C 700mm Pads, Piped, A/C 27,000
2005 CAT 330CL 700mm Pads, A/C 25,500
2004 CAT 345B 700mm Pads, A/C 19,000
2001 Komatsu PC 400-6 600mm Pads, A/C 26,500
6T+ Excavators
2023 XCMG XE60GA 400mm Pads, Blade, A/C 17,000
2023 XCMG XE60DA 400mm Pads, Blade, Piped, A/C 13,000
Mini Excavators
2024 RSWG TZ60 400mm Pads, Blade, A/C 17,000
Doosan DH55-V 400mm Pads, Blade, A/C 6,000
