Middle East bidders heat up German auction
Buyers from Syria, Yemen and Afghanistan join Euro Auctions sale
Up and coming auction player Euro Auctions has revealed that bidders from the Middle East helped it record its best-ever sale at its Dormagen, Germany site in September.
Middle East and GCC buyers are becoming more common place at Europe's auctions, especially with online participation growing more popular and the flat European market holding plenty of used machinery stock. The auction house said that 44 countries were represented at the auction including Middle East buy representation from Syria, Yemen and Afghanistan.
“We have seen strong and continued growth at Euro Auctions, Dormagen despite the current economic conditions,” said Euro Auctions spokesperson Jonnie Keys. “The Dormagen auction has become a truly popular international event and the latest auction not only broke all previous sale records but was oversubscribed with sellers.
"It also attracted the largest number of registered bidders ever, with registrations continuing to increase sale on sale by approximately 15%.”