Upcoming Euro Auctions

Date: 25.06.2020

Euro Auctions Brisbane, part of the worldwide global auction network, will host a closed doors online sale on 25 June

The online auction will observe the requirements for social distancing and segregation during the COVID-19 pandemic.

The COVID-19 formula adopted by Euro Auctions entails running an online auction, behind closed doors, with video clips of all lots for sale running on the Euro Auctions online sales platform, with the sale conducted in real-time by a team of live auctioneers operating from the Euro Auctions HQ in Ohio, US.

This format has successfully been used at sales in the UK, Germany, the US, Dubai, and Portugal. With the global Euro Auctions network and the IT teams in the UK managing the new online bidding platform, the June sale will attract an international audience.

Talking about the new trend adopted, Craig Hart, Euro Auctions territory manager says, "Over the last couple of years, we’ve got to know our customers really well and they have put their trust in us to provide a good selling environment where they can sell their equipment and machinery at decent prices.

In the current climate, it’s even more imperative for consignors to be able to sell stock, as it generates cash for their businesses. Hence our decision to continue with all our sales, with Brisbane, no exception."

Bidders and buyers

At the April sale, bidding was strong, with buyers from 30 countries registered to bid during the sale, showing the interest in this opportunity to procure good equipment. But, when the hammer was down, the successful buyers came from just four countries: Australia, New Zealand, Taiwan, and the UK.

Buyers from Oceania equated to 93% of all successful bids. Seventy percent of all bidders were new first-time registrations, showing how the popularity of the Euro Auctions sales have become, with 25% of first-time bidders successfully buying kit on the day.

Craig concludes, "Buying from Euro Auctions is a straightforward, easy process. We operate unreserved public auctions, meaning all lots are sold on the day to the highest bidder. There are no minimum bids, no reserve prices, and no buybacks. By signing up for a free bidding account, you search and save your searches, adding items to a watchlist, and leave pre-bids."