This year Euro Auctions celebrates 20 successful years in operation, during which time it has grown to become a global leader for the resale of used and ‘as new’ industrial plant, construction machinery and agricultural equipment.
The first ‘one-day’ URO sale was held in Dromore, County Tyrone, 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 £1 million. 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.
“When we embarked on this adventure we never envisaged the impact we’d have on the global equipment market,” stated Derek Keys, founder of the business. “We’ve 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 £725, 000 in Spring 2017 as part of the epic one day £32m disposal sale. We’ve also sold numerous lots at under £1000 each so there is always something for everybody at each of our auctions.”
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. 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 £400-million.