O'Brien demolition sale attracts serious buyers
Euro Auctions hosted a one-day sale for G O'Brien & Sons on 22nd September at their Wallsend Aggregate Centre, Tyne and Wear. Attracting a global audience of seasoned industry buyers, the lots on sale did not disappoint.
This highly anticipated auction included over 570 lots of specialist demolition equipment and machinery, including tools and attachments for sale. 480 prospective bidders from 41 countries registered to participate in the sale with 77% of all successful bidding being conducted online.
This truly international audience came from Europe, the Middle East, Far East and the USA. The global reach of the pre-sale marketing by Euro Auctions to specialist buyers resulted in high demand with the international bidding audience keen to acquire the stock on offer. This was reflected in the strong pricing on the day.
Matt Wood, Territory Manager for Euro Auctions, explains the significance of this sale. "This sale attracted a very specific audience of industry specialists who knew exactly what they were looking for. Some of the items for sale rarely come to market and that piqued the interest of international bidders. Seeing that 77% of successful buyers were online demonstrates how euro auctions can accommodate buyers around the world without the need to travel to sales. Euro Auctions attracts an international audience to all its sales and this was no exception, with buyers coming from Europe, The Middle East, the USA, and even Iceland. Prices were strong and with a catalogue of well-maintained specialist demolition equipment and tools, interest was very high."
"This was an exciting sale and O'Brien Demolition were very happy with the execution by Euro Auctions, the results and the prices achieved on the day. The demolition industry is a very specialist market and is an area where we have expertise which was highlighted in this sale."
Notable lots, with specification and price, include:
2008 Hitachi ZX870LCH-3 36m 4.5 Ton 3 Piece Demolition Rig, 700mm Pads, CV, Hydraulic Tilting Cab, Hydraulic Out Riggers, Dust Suppression Unit, Piped, Aux. Piping, Demo Cage, Reverse Camera, A/C, Includes Standard Arm £255,000
2016 Volvo FH16-650 6x4,120 Ton, Reverse Camera, Automatic Gearbox, A/C £81,000
2017 Nooteboom OSD-73-04V 4 - Axle Extendable Step-Frame, 9ft Wide, Double Flip Toe Hydraulic Ramps £47,500
King GTS44-3 Tri Axle Step Frame Low Loader Trailer, Hydraulic Flip Toe Ramps £25,000
2011 Volvo A25F 6x6 Articulated Dumptruck, Tail Gate, Reverse Camera, A/C £70,000
2016 Hitachi ZX490 LCH-6 750mm Pads, VG, CV, Piped, Aux. Piping, Demo Cage, Reverse Camera, A/C £92,500
2015 McCloskey J40V2 Tracked Crusher, Mag Belt £100,000
2016 Terex Finlay 883+ SPALECK 3-Way Split Flip Flow Screener £95,000
2002 Lefort S3R471C Tri- Axle Scrap Baler £138,500
Verachtert VT40 Hydraulic Rotating Shear to suit 20 Ton Excavator £15,500
Rotar 50R Hydraulic Rotating Shear to suit 50 Ton Excavator £24,500
Hitachi ZX210W Wheeled Material Handler, Stabilisers, CV, Piped, Aux. Piping, Magnet Electrics, Hi Rise Cab, A/C £23,500
Off-Site Sales
The ability to organise a successful ‘off site’ heavy machinery auction, such as the G O’Brien Demolition sale, is what sets Euro Auctions apart from the rest of the industry. This involves operating the sale away from the infrastructure of the permanent Euro Auctions sales sites and hosting it at a client’s site or a neutral location. Euro Auctions customers include owners retiring or restructuring their businesses, plant hire companies rotating stock or liquidators forcing a sale. One such notable 'off site' auction hosted by Euro Auctions was the world’s largest crane sale. Hewden’s stock of 127 mobile cranes were sold in one day on the runway at the Newark Showground, with a final hammer of €32m (£28m).
Matt Wood explains, "The Euro Auctions team are well practiced in hosting successful off site auctions. Arranging a sale is a complex process involving a number of phases. This includes valuing and cataloging the lots, marketing to attract buyers and secure registrations as well as preparing the machines and site layout for the auction day. However, we pride ourselves in making this process easy for the seller whilst returning good prices.”
For all upcoming sales visit the Euro Auctions website at www.euroeactionns.co.uk