Euro Auctions to Hold First-Ever Hong Kong Sale

📅   Tue August 01, 2017 - National Edition


Jonnie Keys in front of Euro Auctions Banner.
Jonnie Keys in front of Euro Auctions Banner.
Jonnie Keys in front of Euro Auctions Banner. One of Euro Auctions’ bid catchers. Euro Auctions has a number of auctions scheduled over coming months.

Euro Auctions, worldwide auctioneers of industrial plant, construction equipment and agricultural machinery, (that operates in the U.S. under the Yoder & Frey brand) is holding its first ever sale in Hong Kong on Thursday, Sept. 14, to dispose of surplus equipment from leading construction, rental and financial institutions in the region. Euro Auctions said the sale is supported by Mitsubishi Bank as well as many other leading banks and financial institutions in Hong Kong.

With a large number of construction projects taking place in Hong Kong, a steady supply of used construction equipment and machinery has been coming onto the market and Euro Auctions' first Hong Kong sale is expected to contain 400+ lots. Already consigned are a large range of 45-ton excavators down to mini variants, over 20 articulated dump trucks, 10 mobile cranes ranging from 25 to 75 tons plus other associated equipment. A good selection of access equipment and smaller items, such as generators and compressors, will also be featured with additional lots still expected to be consigned to the sale. All the major brands, including Komatsu, CAT, Doosan, Hitachi and Kobelco, will be featured.

Euro Auctions is providing full logistical support for this sale by supplying detailed machine specifications to aid transportation and supplying shipping costs for each piece of equipment to all major shipping destinations around the world.

In order to accommodate this auction, Euro Auctions has acquired a facility at DD78 Lot 1479, Kaw Liu village, Ta Kwu Ling, Shungshui, New Territories, Hong Kong which consists of a secure asphalt base compound. All equipment can be viewed during the two weeks prior to the auction date and will be arranged for easy viewing and assessment with a member of the Euro Auctions team in attendance to provide help and assistance as required.

Registration and bidding for this sale will take place at the Panda Hotel, Tsuen Wan Hong Kong, where the auction will be broadcasted in real time. Online bidding will also be available through the Euro Auctions online bidding platform which will open the auction to a global audience.

“We're delighted to be able to work with Wealth Mind Equipment Limited and some of the leading rental and construction companies in Hong Kong to provide them with a means to dispose of their equipment into the world market. Construction equipment demand around the world has continued to grow with strong demand in the USA and Europe, together with recovery in key markets such as Australia and Russia making equipment prices strong around the world.” said Jonnie Keys, Euro Auctions' commercial manager.

What also makes this event unique is that the sale will be simultaneously transmitted and shown at Euro Auctions' recently acquired, 22-acre, purpose-built auction complex in the Jebel Ali Free Zone area of Dubai, UAE. This includes a 360-seat, fully air-conditioned and enclosed auction arena. Additionally, the complex will host its own inaugural sale the day before on Sept. 13. Bidders from around the globe will also be able to access both the Dubai and Hong Kong sales via Euro Auctions' Free Internet Bidding Service and place bids.

“We're excited at the prospects this auction presents us. It enhances our service to our existing customers in this region and also gives us access to new buyers and sellers in the Asian marketplace. Over the coming months we expect to see more equipment leaving Hong Kong and ultimately continue to meet the needs of customers elsewhere. In particular this sale will present the excellent equipment now available in Hong Kong to buyers from Thailand, Malaysia, Vietnam and Myanmar,” said Keys.

Other Upcoming Auctions

Euro Auctions has a number of additional auctions scheduled over coming months including the next big three‑day Leeds auction starting on Aug. 23. There are one-day sales in Brisbane, Australia on Aug. 31; in Zaragoza, Spain on Sept. 12; the inaugural sale at the newly acquired site in Dubai on Sept. 13; and a two-day sale in Dromore, Northern Ireland starting Sept. 15. Yoder & Frey, Euro Auctions' US operation has also scheduled two auctions: one in Ashland, Ohio on Sept. 20 and another in Florida on Oct. 25.

For more information, visit www.euroauctions.com.