16.09.2022

M&M cranes fetch £4.6 million

Euro Auctions hosted the sale of 22 cranes from the M&M Crane Hire fleet in the UK last week, following the company’s entry into administration and subsequent closure. See: M&M cranes to be sold at Auction and M&M calls in the administrators

The sale attracted an international group of bidders, with European buyers the most successful, particularly those from the Netherlands, the UK, Ireland and Romania. The sales raised a total of £4.6 million. In addition to the cranes, the sale included ancillary items such as rigging, spreader bars, beams, crane mats, outriggers pads, lifting chains, shackles and hook blocks, as well as commercial vehicles, trucks and small tools, which went under the hammer separately.
The M&M cranes lined up for the sale in Leeds

The results for the sale were as follows:

A 2017 five axle 130 tonne Tadano ATF130G-5 All Terrain topped the line up of cranes sold and fetched £555,000

David Betts of Euro Auctions, who was responsible for the sale said: “This was a ‘sale within a sale’ and it attracted a true international audience. Normally Euro Auctions would have conducted a standalone ‘off site’ sale for an inventory such as this, but it was decided we would create more of a statement at our 85 acre Leeds auction site. With all 22 cranes from 35 to 130 tonnes, in a line with their booms up, it was a very impressive sight. There was a great amount of interest in this sale, and prices were strong. Whilst it is not often that large consignments of cranes of these specifications and sizes come to the market, Euro Auctions has gained a reputation for these types of sales. In the last five years, we have conducted all of the major crane and lifting sales in the UK and are regarded as the industry leader for the disposal of this type of asset at auction.”
*Just in case you have no idea of what a Tadano TM25Z-1 looks like…

Comments

This website is using cookies to provide an optimised user experience. By continuing you are agreeing to the use of cookies. More Info
OK