{"id":1722,"date":"2018-07-30T10:29:26","date_gmt":"2018-07-30T09:29:26","guid":{"rendered":"http:\/\/www.constructionplantworld.com\/news\/?p=1722"},"modified":"2018-07-30T10:29:26","modified_gmt":"2018-07-30T09:29:26","slug":"euro-auctions-marks-20-years-of-success","status":"publish","type":"post","link":"https:\/\/www.constructionplantworld.com\/news\/2018\/07\/euro-auctions-marks-20-years-of-success\/","title":{"rendered":"Euro Auctions marks 20 years of success"},"content":{"rendered":"

\u2013 as its global empire is created and grows<\/span>.<\/p>\n

This year Euro\u00a0Auctions celebrates 20 successful years in operation; during which time it has grown to become a global leader for the resale of used and \u2018as new\u2019 industrial plant, construction machinery and agricultural equipment.<\/p>\n

The first \u2018one-day\u2019 URO sale was held in Dromore, Northern Ireland, on the same site that has is now the global Euro Auctions headquarters. That day a total of 371 vehicle and equipment lots went under the hammer, achieving a total sales figure of approaching \u00a31\u2011million.\u00a0 The ensuing years have seen massive expansion in terms of locations and staffing; creating a globally recognised brand that continues to go from strength to strength.<\/p>\n

\u201cWhen we embarked on this adventure we never envisaged the impact we\u2019d have on the global equipment market,\u201d stated Derek Keys, founder of the business. \u201cWe\u2019ve so far been instrumental in selling equipment worth many billions in value with the single biggest items to go under our hammer being a couple of 220-Ton all terrain Tadano cranes previously operated by Hewden Stuart that each went for \u00a3725, 000 in Spring 2017 as part of the epic one day \u00a332m disposal sale. We\u2019ve also sold numerous lots at under \u00a31000 each so there is always something for everybody at each of our auctions.\u201d<\/p>\n


\nEuro Auctions today<\/strong><\/p>\n

Today, Euro Auctions hosts around 60 key auctions a year and operates from 10-sales sites in seven countries on four continents around the globe.\u00a0 Collectively they now auction over 75,000 lots each year, consigned by more than 6000 regular vendors. Each auction also has massive appeal with sustained corporate marketing initiatives regularly reaching a global audience of over 150,000 potential buyers; one in five of whom actively register as bidders, with over 10,000 actually taking delivery of one or more consignments. This now results in a global turnover annually in excess of \u00a3400-million.<\/p>\n

 <\/p>\n

Further UK expansion<\/strong><\/p>\n

Having started with sales activities in Dromore, it took only a couple of years for Euro Auctions to expand into England and in early 2000 it held its first sale in Wetherby, featuring a selection of Volvo dump trucks that came in from the Far East.\u00a0 A couple of years later a new dedicated site near Selby Leeds was acquired which attracted over 500 buyers to its first sale, providing them with the opportunity to acquire 1139 lots from 83 consigners, which achieved a hammer total of \u00a37-million.\u00a0 This site has steadily expanded both in terms of volumes and physical size and today regularly delivers auctions well in excess of \u00a330 million every six-weeks \/ couple of months.<\/p>\n

 <\/p>\n

Moving Into Europe<\/strong><\/p>\n

With so many consignors being located across Europe and with an ever growing number of buyers also based on the continent, expansion into the key German market in 2006 and the Spanish market in December 2010 were logical steps.\u00a0 Territory managers were also created in most other key European countries during this period to help manage and promote the auctions in both the established and the emerging Eastern European markets.<\/p>\n

 <\/p>\n

\"\"<\/p>\n

Global Domination\u00a0<\/strong><\/p>\n

Brisbane Australia was the next step in the expansion process with the first sale taking place in March 2012 opening up the flourishing Asia Pacific rim and providing a conduit for moving quality used equipment completely around the planet. The USA, a market in which the company had had aspirations to enter for many years, was the next major to become the focus of Euro Auctions\u2019 expansion plans and a suitable launch site was acquired near Atlanta, Georgia and hosted its first successful sale.<\/p>\n

2017 proved to be a momentous\u00a0 year for Euro Auctions; commencing in January with the acquisition of the renowned USA-based Yoder & Frey business that had been built up by Peter Clark and his team over more than forty years, helping spearhead expansion activities in both North and South America.\u00a0 New sales sites were also opened in September in both Dubai in the United Arab Emirates and in Hong Kong, together helping link the sales networks between Europe and Australia and creating seamless links around the globe.<\/p>\n

 <\/p>\n

\"\"<\/p>\n

To the Future<\/strong><\/p>\n

“Our staff remain our biggest asset and as such we ensure they have all the tools they need to do their jobs properly and provide each of our customers, both sellers and buyers, with the best service possible,\u201d added Jonnie Keys, Operations Manager at Euro Auctions.\u00a0\u201cWe\u2019ve seen growth and increased interest over the past 12-months across all businesses around the globe with brisk trading, particularly online, being recorded, plus year\u2011on\u2011year growth at our flagship Leeds, UK site that saw a record breaking \u00a342\u2011million hammer achieved earlier in April.<\/p>\n

\u201cFurther afield our new facilities in both Dubai, United Arab Emirates and Hong Kong are becoming well established in our annual auction calendar and we\u2019re increasingly being retained to manage flagship off-site disposal sales for individual equipment owners. For anyone who has never attended one of our auctions we would encourage them to come along and see for themselves the massive quantity and the quality of equipment we offer and experience first had the unrivalled levels of service and support we deliver.\u201d<\/p>\n

 <\/p>\n

Other notable developments the year Euro Auctions was founded<\/strong><\/p>\n

1998 was a landmark year for a number of other significant businesses. Microsoft\u2019s Window 98 operating system was released helping secure its domination of most global computer systems.\u00a0 Google was also founded in the September and Apple Computer unveils the\u00a0iMac, now one of the most desirable global brands.<\/p>\n

More widely it was 20 years ago that Europe\u00a0agreed on a single currency, the\u00a0Euro, and even though the UK didn\u2019t sign up, it\u2019s been an influencing factor on most Euro Auctions business transactions ever since. 1998 was also the year that France hosted and won the World Cup; on 10th April the Good Friday Agreement was signed bringing about significant political change in Northern Ireland; and the planet also shrunk considerably with big developments in transport infrastructure including Hong Kong being opened as the world\u2019s biggest airport and work commencing on the assembly of the International Space Station (ISS) in December.<\/p>\n

 <\/p>\n

Upcoming Euro Auctions \/ <\/strong>Y<\/strong>oder & Frey<\/strong> sales:<\/strong><\/p>\n

A full schedule of upcoming Auctions can be obtained by visiting the Euro Auctions website at www.euroauctions.com<\/strong><\/a> but highlights include: the next \u2018ever popular\u2019 three-day sale in Leeds, UK between 22rd<\/sup>-24th<\/sup> August and then 17th<\/sup>-19th<\/sup> October. There is a two-day sale in Dromore, Ireland on 14th<\/sup>&15th<\/sup> September and in Dormagen scheduled for 05th-<\/sup>06th<\/sup>September; and one\u2011day auctions in Brisbane Australia on 30th<\/sup> August; then in September in Dubai on the 17th<\/sup>; and in Zaragoza, Spain on the 19th<\/sup>. In the USA there are also one-day sales scheduled under the YODER & FREY<\/strong> banner in Ashland, Ohio on 20th and Kissimmee, Florida on 24th<\/sup> October.<\/p>\n

All offer potential buyers a great opportunity to acquire some impressive lots with full details for consignors and bidder catalogues for these events available on the Euro Auctions website at www.euroauctions.com<\/a> email info@euroauctions.com<\/a> or on +44 (0) 2882 898262.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

\u2013 as its global empire is created and grows.
\nThis year Euro\u00a0Auctions celebrates 20 successful years in operation; during which <\/p>\nRead more<\/a>","protected":false},"author":2,"featured_media":1725,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-1722","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-plant-news"],"_links":{"self":[{"href":"https:\/\/www.constructionplantworld.com\/news\/wp-json\/wp\/v2\/posts\/1722","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.constructionplantworld.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.constructionplantworld.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.constructionplantworld.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.constructionplantworld.com\/news\/wp-json\/wp\/v2\/comments?post=1722"}],"version-history":[{"count":1,"href":"https:\/\/www.constructionplantworld.com\/news\/wp-json\/wp\/v2\/posts\/1722\/revisions"}],"predecessor-version":[{"id":1726,"href":"https:\/\/www.constructionplantworld.com\/news\/wp-json\/wp\/v2\/posts\/1722\/revisions\/1726"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.constructionplantworld.com\/news\/wp-json\/wp\/v2\/media\/1725"}],"wp:attachment":[{"href":"https:\/\/www.constructionplantworld.com\/news\/wp-json\/wp\/v2\/media?parent=1722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.constructionplantworld.com\/news\/wp-json\/wp\/v2\/categories?post=1722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.constructionplantworld.com\/news\/wp-json\/wp\/v2\/tags?post=1722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}