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‘No Bull’ as Euro Auctions Spanish Sale Fills Gap in Market

The first Euro Auctions sale in Valencia, Spain, exceeded all expectations proving Spain to be the next logical country in the expansion plans of the UKs largest auctioneers of heavy plant and construction equipment.

The Euro Actions sale in Valencia, Spain, on the 10th December 2010 attracted 746 lots from 16 sellers, bidders from 32 countries and a hammer price for the sale of over €2.5M. Internet buyers at Valencia consisted of 51.9% of the total sale.

Strong interest was seen from Spain with 48 new bidders, previously not seen at auction, and keen interest from Spanish speaking countries in South America, noticeably Uruguay, who bought well.

Jonnie Keys from Euro Auctions comments:

“This first sale on a permanent site in Spain was a logical step for Euro Auctions. Fueled by interest from loyal customers we chose Valencia to better serve customers in Southern Europe, Northern Africa and the Middle East, providing a logistical distribution platform for these booming markets. This sale also proved that Spanish buyers have an appetite for auctions, and has given Euro Auctions access to the other Spanish speaking countries around the world who participated enthusiastically at this sale”.

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