Major Forestry Liquidation Auction - Colac, March 2024 | Slattery Auctions

Earlier this year, Slattery Auctions orchestrated one of our most remarkable events in the picturesque town of Colac, Victoria. Our major forestry liquidation auction not only showcased our prowess in asset remarketing but also underscored the robust demand for quality forestry equipment amidst a contracting industry landscape.

Tailored Auction Strategy

In a display of strategic auctioneering, we conducted five major auctions over three days, with staggered closing times. This tailored approach ensured that each asset received adequate attention from bidders, optimising participation and driving up sale prices. This method not only highlights our flexibility but also our commitment to providing bespoke auction solutions that maximise value for our vendors.

Auction Highlights:

• Extensive Lineup: The auction featured over 50 prime movers, 130+ logging trailers, 70 logging machines, and 60 commercial vehicles.
• Engagement & Reach: We reached over 2.5 million impressions, with more than 280,000 website visits and 30,000 competitive bids, over 1,000 inspections on site highlighting the auction's widespread appeal.
• Social Media Impact: Significant engagement across platforms with 120,000+ reaches on Facebook, 80,000 on Instagram, and 30,000 on LinkedIn, amplifying our digital presence.

Top Sales Achievements:

• 2023 Kenworth T659 6×4 Prime Mover: Sold for $470,000, achieving 94% of its retail value.
• 2017 Kenworth T900 Legend 6×4 Prime Mover: Exceeded expectations with a final sale price of $252,879, 109% of its retail value.
• 2017 Kenworth T409SAR 6×4 Prime Mover: Achieved $194,083, representing 103% of its retail value.

These standout sales are testament to our strategic remarketing efforts, ensuring maximum returns for our sellers and offering buyers top-tier equipment at competitive prices.

A Resounding Success:

The auction closed with gross sales exceeding AUD $21.0 million, a clear indicator of our expertise in navigating and excelling within challenging market conditions.

Moving Forward

As we reflect on this success, we're reminded of the importance of innovation, adaptability, and the strength of our client relationships. This event not only reinforced our position as a leader in the auction industry but also set a benchmark for future auctions.

We thank our partners particular Worrells Victoria , clients, and the dedicated team whose hard work made this event a resounding success. Looking ahead, we are excited to continue delivering exceptional results and fostering growth in the dynamic auction landscape.

For updates on upcoming auctions and to learn more about how we can assist with asset remarketing needs, connect with us on LinkedIn, visit our website, or follow us on Facebook and Instagram.

Need Expert Guidance on Valuations or Asset Disposal?

Contact our experienced National Insolvency Team today. We're here to assist with all your valuation or disposal enquiries and opportunities. Talk to your local team member below to get started.

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Bruce Teichert

National Manager, Banking, Insolvency & Finance

M?? 0499 000 813

E?? [email protected]

VIC

Grant Tanner

BDM - Insolvency

M? ?0422 955 206

E [email protected]

?QLD

James Rouse

BDM - Insolvency

M 0484 555 665

E ?[email protected]

WA

Jamie Rath

BDM - Insolvency

M? 0448 071 118

E ?[email protected]

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