Fourth auction of Li brothers Beijing China will be held soon
In August 27, 2014, Lee brothers auction announced in Beijing, Fourth Engineering machinery used equipment no reserve auction is scheduled for October 16th. The location is still the Lee brothers auction venues owned Beijing Tianzhu free trade zone (Shunyi District Airport). Lee brothers opened the first auction in Beijing in October 2013, and the auction will be held in October 16th this year, the fourth auction in china. The auction will be an opportunity for customers interested in buying used machinery, especially imported equipment.
It is understood that the "no reserve" auction since 2013, in the domestic construction machinery second-hand equipment market was introduced, for the industry concerned, is no longer strange. It is usually the biggest difference is that in the auction auction each product no bid price or minimum price, but sold to the highest bidder in the auction the auction will be on the same day, at the same time the equipment seller is forbid their equipment repurchase in the auction, to avoid price gouging. No reserve on the theory that the bidder can buy 0 yuan auction goods, when the market environment is not good, the equipment purchasing power is bound to weak bidders bid are low, this also means that the buyers for their purchase of equipment the price paid is fair market value.
At present, with the market to further accelerate the process of globalization, major manufacturers, agents and even to the large number of end users, no longer adhere to the current domestic market but also will look at the global, equipment circulation in the global scope. "In the long-term partner's benefit, there are a number of such customers, such as they are in the United States to take the equipment, do not use in the United States, but shipped to Dubai, Dubai to participate in the auction, or use in Dubai. As a result, the globalization of the market has given the global auction companies the benefit of his brother." Lee brothers general manager Chinese District Mr. Wang Zhijun proudly, "we know best engineering machinery in the auction, and we also know the most auction in the construction machinery industry, and in both cases, we are most understand the import and export of."
Lee brothers auction features trend, for Mr. Mo Yu China market managers share a few years in the development and change of Chinese Laili's current participation Lee brothers bids user he said: "at present in the Lee brothers auction customers mainly in Beijing, Hebei, Shandong, Shanxi, Henan and Hubei, and in the age of the users are between 25 to 44 years old, of which 35 to 39 years old accounted for 23%, 40 to 44 years of age accounted for 22%. Among them, the registered purchase of users or 70 after the main. 84% of users are owner and second hand dealers, and more than 7 of them have been in line for more than 6 years."
Li brothers is the world's largest heavy equipment and truck auction house. Back in 1958, the Lee brothers auction house started as a small family run company in Kelowna, British Columbia, canada. Li's three brothers, Ken, Dave and John, held their first free auction, selling 2000 Canadian dollars in stock at their furniture store. In 1963, they held their first free auction, selling $600000 worth of equipment, the first massive free auction for the brothers. Then the brothers expanded their business to the United States, Europe, Australia, the Middle East and Africa, and expanded to Asia for 94 years.
The Lee brothers auction house is the largest industrial equipment auction in the world today. It has now become the world's largest industrial equipment auction house, with a global, world-class auction facility and network, with customers all over the world.
