Euro Auctions to Hold First Ever Hong Kong Sale

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Euro Auctions, worldwide auctioneers of industrial plant, construction equipment and agricultural machinery, is holding its first ever sale in Hong Kong on Thursday, September 14, 2017 to dispose of surplus equipment from leading construction, rental and financial institutions in the region. Euro Auctions is proud to report that this sale is supported by Mitsubishi Bank and Hong Kong Trade Department Council (HKTDC), 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 approximately 400 lots. Already consigned are a large range of 45-tonne excavators down to mini variants, over 20 articulated dump trucks, 10 mobile cranes ranging from 25 to 75 tonnes plus other associated equipment. A good selection of access equipment and smaller items such as generators and compressors will also feature with additional lots still expected to be consigned to the sale. All the major brands will feature including Komatsu, CAT, Doosan, Hitachi and Kobelco.

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 the 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, with the auction being broadcast in real time with online bidding also 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.” explains 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 and it hosts its own inaugural sale the day before on September 13, 2017. 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,” continues Jonnie Keys, Euro Auctions’ Commercial Manager.

Upcoming Auctions
Euro Auctions has a number of additional auctions scheduled over coming months including the next big three‑day Leeds auction starting on August 23, 2017. There are one-day sales in Brisbane, Australia on August 31, 2017; in Zaragoza in Spain on September 12, 2017; with the inaugural sale at the newly acquired site in Dubai on September 13, 2017; and a two day sale in Dromore in Northern Ireland starting September 15, 2017. Yoder & Frey, Euro Auctions’ US operation is also scheduling two auctions: Ashland, Ohio on September 20, 2017 and in Florida on October 25, 2017.

Full details and catalogues for all forthcoming Euro Auctions events are available on its website at www.euroauctions.com and separate Bidder Numbers are required to bid on any Lot at each event which can be done either in person at the sale or via Euro Auctions’ Free Internet Bidding Service.