Success for first materials handling auction

The first GoIndustry Dovebid online auction together with ShD magazine - which concluded at the end of July 2009 has been successful in its aim to help companies dispose of surplus equipment and machinery. Of the 115 lots submitted, 53 sold above the reserve price. A further 21 attracted bids that didn't quite meet the reserve. Around 50 active bidders participated, from countries including Germany, Pakistan, Macedonia, Egypt, Jordan, Hungary and the UK.


The lots were submitted from a core total of 12 different vendors, one of which was a major OEM which sold 31 of the 38 machines it submitted. The equipment comprised mainly gas, electric and diesel fork lift trucks, and also included items such as some Dexion pallet racking, which went for £3,500 to a company in UzbekistanOverall, this particular sale had over 6,700 page views from around the world. The most popular item viewed was a Cesab SID 60 counterbalance forklift, which sold for £9,000 and was also the highest value item sold on the day. The average sold value across the lots was £1,200.

Peter Budden, our business development manager for the materials handling auction said: "The top four items which received the most bids were diesel fork lift trucks, which suggests the Materials Handling Auction is a great way to sell that type of vehicle, We were very pleased with the wide variety of equipment the auction attracted, and the 'no sale, no fee' model proved popular amongst vendors. We certainly feel the market has a strong appetite for this type of initiative."

The next online auction ends on 23rd September 2009, and the date for submission of lots by potential vendors is 4th September. Many vendors have already expressed an interest in this, based on their achievements in the inaugural event.

Posted in: Auction news, Exchanges