Online bidding continues to transform Thainstone machinery sales

Leading auctioneering company, Thainstone Specialist Auctions (a division of ANM Group) settles into the new online sales pattern, and are delighted with the success of the second live online only sale of plant, equipment, machinery and commercial vehicles which took place at Thainstone Centre on Wednesday 8th July.
Access restrictions imposed by government to help prevent the spread of COVID-19 meant that no buyers were present on site during the sale however, more than 590 registered to take part via TSA’s online sales platform. The live auction, split into multiple sections with auctioneers running the sections concurrently, featured an entry of more than 833 lots and resulted in an 81% success rate. 
As an addition to the online sale of machinery, equipment, and vehicles the team also hosted a timed auction of builders equipment, in which bidders could bid on items over a period of 4 days via the Thainstone Online platform. The addition proved to be successful and is hoped to feature at forthcoming sales.
Mark Barrack, Head of Thainstone Specialist Auctions, said: “With such a great response from our first live online only sale we were confident this sale would run smoothly and are thrilled to have achieved a high sales rate. The team did an excellent job setting up the event, facilitating the auction and delivered a professional service. Seeing as the sales structure of the initial online auction worked so well, we maintained our procedures, making minor adjustments and adhered to all COVID 19 guidance.
“Throughout the sale bidders were enthusiastic meaning that strong prices were achieved all round, resulting in accurate valuations, which in turns demonstrates a steady market for the types of items displayed throughout the auction.
“Looking ahead, we will be hosting regular online sales and are planning to gradually return to our regular sales agenda over the coming months. We are looking forward to welcoming visitors back to the Thainstone Centre when it is safe and appropriate to do so, however in the meantime we continue to encourage online participation”
The top selling lots included a 2015 Takeuchi TB295W Wheeled Excavator which sold for £30,000 in the Plant and Equipment section, followed by the Heavy Commercials category which saw not only one but two Man/Carmichael 4x4 Lorries selling for excellent prices, one of which achieved £29,000 and the other sold for £17,000. The light commercial and 4x4 vehicles category saw a 2014 Ford Transit Van sell for £8,200 and a 2010 Toyota Hillux Double Cab Pickup go for £7,000. The trailers category was topped by a £4,100 IW HB506 Horsebox, and a Carre 3m Grassland Rejuvenator Harrow went for £7,000 in the Implements and Machinery section. The Tractors and Telehandlers category saw a 2012 Massey Ferguson 6480 sell for £26,500 and the Small Plant category had a John Deere 2320 Compact Tractor achieve £7,000.

The next online auction will take place on Wednesday 12th August from 9am. Contact 01467 623770 for further details.