Euro Auctions will be holding its first auction in Hong Kong on Thursday 14 September 2017 to dispose of surplus equipment from leading construction, rental and financial institutions in the region. The sale is supported by Mitsubishi Bank as well as many other leading banks and financial institutions in Hong Kong, said Euro Auctions.
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 more than 400 lots. According to Euro Auctions, among the consignments are a large range of 45 t excavators down to mini variants, over 20 articulated dump trucks, 10 mobile cranes ranging from 25-75 t plus other associated equipment. A good selection of access equipment and smaller items such as generators and compressors will also be available, with additional lots still expected to be consigned to the sale. The major brands will include 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 also 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. Euro Auctions said that 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. The 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 US 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 different 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 airconditioned and enclosed auction arena and it hosts its own inaugural sale the day before on 13 September. 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 Mr Keys.