Yoder & Frey successfully delivers Magnam retirement sale

Yoder & Frey successfully delivers Magnam retirement sale

The one-day ‘retirement sale’, that included all the remaining equipment, trucks, shop machinery fittings and accessories belonging to Magnam Truck & Equipment of Lima, Ohio was auctioned off by Yoder & Frey on Friday March 15. The sale drew in massive crowds looking to acquire the 600 lots being sold on the day, all without reserve.

The auction website during the lead-up to the sale was receiving thousands of hits a day; resulting in approaching 2000 bidders registering for the sale; with over 500 new / first time bidders signing up and over 700 opting to attend the event and soak up the atmosphere. 

“Interest in this sale for the remaining stock from the Magnum Dealership was phenomenal,” stated Peter Clark, President of Yoder & Frey. “We drew a great crowd on the day and online bidding, which accounted for almost $600,000 of the total, is now a regular feature of each event and continues to grow in popularity.  More importantly, the owners of the business who had selected Yoder & Frey to coordinate the sale, were absolutely delighted with the final hammer achieved.  There were a number of ‘big-ticket’ items consigned to the sale including several excavators, tractors and other large machines but there were also many small items including tool boxes, tyres and other ancillary items, so with an average price of $3,309 per lot sold on the day, the sale was a real winner for all involved.”

On Tuesday March 26 from 12:00 Noon Eastern Time, Tranzon.com will be coordinating the disposal of all buildings and real estate from the Magnam Dealership at 3639 Bluelick Road, Lima, OH, again without reserve. This includes a 13,000 ft2 Industrial facility on 12.63 acres; two similarly sized multi use commercial facility; a 5600 ft2 self-storage unit plus 7.39 acres of prime commercial / development land and a further 160 acres of prime agricultural / development land to go in several parcels.

“On-site disposal and retirement sales are increasingly featuring alongside our already popular schedule of auctions around the globe,” added Jonnie Keys, international operations director for the Euro Auctions Group. “Customers are always looking to acquire quality equipment so that they can deliver on their projects, which is why we are increasingly attracting bidders from around the globe to each of our sales. We secure good prices for the equipment and then often assist in the shipment of it to wherever it is needed as construction equipment and agricultural machinery are now a global commodity and our sales events help meet international demand.

Register for upcoming Y&F auctions

Upcoming Yoder & Frey sales include the Kissimmee, Florida sale on May 23 and the Ashland Ohio sale on May 30. Consignments for both these are still being accepted and bidders can pre‑register for these auctions via the Yoder & Frey website (www.yoderandfrey.com).  Alternatively contact Yoder & Frey by email at info@yoderandfrey.com or call 001 419.865.3990.

Catalogues and further information on all other forthcoming Global Group auctions are also available from Euro Auctions at www.euroauctions.com and upcoming auctions over the next few months include: two-day sales in Dormagen, Germany on 03-04 April and Dromore, Northern Ireland auction on 26-27 April; there are  a one day sales In Brisbane, Australia 04 April; in Dubai on 17 June and Zaragoza, Spain on the 18 June. The next ever popular three-day sale in Leeds, UK is on 15-17 May. All offer potential buyers a great opportunity to acquire some impressive lots and people are encouraged to register online to buy and sell.

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