Euro Auctions is set to go ahead with its next auction event in Dubai on September 28th where it expects strong prices for the machinery on sale owing to a 150% rise in bidder registrations.
The international plant and equipment auctioneers said in a statement that “new equipment in the region is scarce” and there is a “real demand for good late, low hours, used equipment in the Middle East”. This is expected to lead to healthy attendance and a large presence of international bidders at the auction and keep prices at good levels.
“Since Covid-19 (began), sales have presented a good compliment of quality machinery which has drawn the attention of the Middle East market. With a strong online presence, Euro Auctions markets to an international audience from over 95 countries world-wide, with over 50% of all bids being transacted online, proving the success of the marketing reach for this sale,” said Euro Auctions in the statement.
“With new bidder registrations for the recent sale up significantly by 150% and approximately one-in-three of whom placed successful winning bids, securing the equipment they were seeking, Euro Auctions is seen as a trusted partner for sellers.”
The company added that bidders have come from across the Middle East, including the UAE, Lebanon, Saudi Arabia and Jordan as well as from Turkey, Egypt and Pakistan. There is also a strong Western European contingent, with the UK, Germany and the Netherlands well represented.