Stags reports that their most recent online timed auction was the most successful yet.

It finished last week and had more than 240 lots of farm, plant and commercial machinery along with other associated items.

The absence of public auctions nationwide due to Covid-19 restrictions has led to Stags postponing numerous collective and on-site dispersal sales scheduled to take place in the spring and early summer months.

This has led to their well-established online timed auctions of machinery seeing a large rise in enquiries from potential purchasers and vendors enquiring about the service and how it works. Stags established online sale platform is now viewed by a very large audience.

During the 15-day running period in which purchasers can view lots online, make enquiries and place bids, more than 15,650 different users scrolled through the catalogue of lots which inevitably resulted in a high percentage of lots being sold and over 81 different purchasers ending up as successful purchasers.

Top lot was a Claas Quadrant 2200 Baler which had a bale count of 59,000 entered by a contractor in East Devon which eventually sold for £13,500.

Other notable successes included a Cattle Rollover Foot Trimming Crush which saw bidding continue directly between two bidders for over an hour and eventually selling for £3,216, more than double the vendor's reserve.

The auction was full of positive prices and vendors were pleased with the outcomes produced.

More than £250,000 worth of bids were placed on the back of well-presented descriptions, photos and videos demonstrating each lots condition with bidders from across the country participating.

Harvey Pile, Stags’ auctioneer who leads the online sales said: "The current circumstances, while very unfortunate, perfectly demonstrate why and how Stags online timed auction system can serve vendors and purchasers in a truly efficient and very effective way.

"The growing number of registered bidders combined with a large number of returning purchasers and sellers shows that this relatively new way of selling farm, plant and commercial equipment will only keep going from strength to strength in the years to come."

Stags’ next online timed auction is scheduled to run from late April into early May and entries are already being accepted into the auction. Interested parties are encouraged to visit stags.co.uk.