Consignors urged to commit equipment to sale now, as Euro Auctions builds upon sale success in Middle East
Dubai auctions prove popular with plant and machinery buyers and vendors
Euro Auctions, the global auctioneers of industrial plant, construction equipment and agricultural machinery, continues to build upon its success in the Middle East. The much-anticipated Dubai auction on 16 September 2019 will appeal to an ever-increasing number of bidders looking to acquire fantastic deals from the prestigious array of quality equipment being offered.
The upcoming one-day sale on 16th September will see approaching 1,000 lots for sale and consignors from across the region will be evident. Euro Auctions is seeing activity from consignors from further afield, who see the middle east as the ideal market into which to sell equipment. In line with previous sales, more than 30% of bidding will be transacted online and the average lot prices have been increasing sale on sale, reflecting the quality of the equipment being consigned to the auction by the ever-expanding number of vendors. New bidder registrations are also increasing significantly, sale on sale, with up to by 30% of first time bidders buying at each sale.
Whilst buyers at each sale predominantly come from the Middle East including UAE, Lebanon, Saudi Arabia, Jordan as well as from Turkey, Egypt and Pakistan, Euro Auctions is seeing strong interest from Western European, with the UK, Netherlands and Spain all well represented.
“The general consensus is that around two-thirds of all the quality equipment sold at the Euro Auctions sale in Dubai will be retained in the Middle East for use on emerging projects but a good proportion of the rest looks like it could be returning to Europe,” comments Euro Auctions Middle East Territory Manager Richard Sweatt,
“The quality of the equipment being offered in Dubai appeals to global buyers as does our strong market presence, together helping deliver real growth. Both bidders and vendors like what we have achieved in the region in such a short space of time and are backing us to continue to deliver a viable and effective solution for buying and disposing of plant in the region. They appreciate the knowledgeable staff and facilities we offer in Dubai along with our access to quality equipment; coupled with the overall service and global reach Euro Auctions provides.”
Euro Actions has a 91,000m² (22 acre) permanaent site in the Jebel Ali Free Zone that includes a purpose-built auction complex covering over 3,000m² with a 360 seat, fully air-conditioned enclosed auction arena, as well as ancillary buildings, workshops and infrastructure. Euro Auctions has all the necessary services and logistic licences in place for the new venture and will trade under the Euro Auctions brand.
To consign equipment to the next Euro Auctions sale contact the permanent sales team in the UAE on Tel: 00971 488 46 880 or via fax on 00971 488 46 881.
For more information on this or any of the other auction sites operated by Euro Auctions, visit www.euroauctions.com or contact Euro Auctions on 0044 (0) 2882 898262.