This week’s Turners Auctions sale of Tauranga-based G10 Group’s liquidated assets attracted a large crowd at Penrose and was a “resounding success with everything sold,” says Turners national truck manager, Brad Gardiner.
Gardiner told DIESELtalk: “The crowd was huge and we had strong web activity with another 100 bidders online and several phone bidders.”
Gardiner earlier told DIESELtalk of the excellent overall condition of the G10’s vehicle and equipment assets. This was clearly not lost on buyers and as Gardiner described it “prices went above retail” in some cases. “Bidding went crazy,” says Gardiner.
“The vendors were understandably thrilled as every single lot sold,” Gardiner says. “There were over 100 lots in the sale and to illustrate the sale’s success, one particular lot where bidding commenced at $40,000 sold for $90,000.”
After receiving a late go-ahead for the G10 Group sale, Turners moved swiftly to organise the auction pre-Christmas and avoid the summer holiday market hiatus. The tactic appears to have paid dividends.
