In excess of $25 million is set to change hands this week as part of two online machinery auctions.
On Tuesday, civil construction and mining contractor Q H & M Birt will sell more than $15 million in earthmoving equipment via Pickles Industrial.
The sales kicks off at 12pm and includes Caterpillar D6T, D8T and D10T dozers; 825H and 815F compactors; 14M and 16M graders; 336F and 349D excavators; 740B and 745 dump trucks, as well as water and haul trucks.
Pickles Industrial spokesperson Steve Wainhouse said recouping a considerable sum by selling industrial equipment is now easier than ever before.
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"We work with our vendors to develop their asset strategy as the timing of when equipment is offered for sale is critical in achieving a maximum return," Mr Wainhouse said.
"Businesses are cyclical and we work with our vendors to determine their optimum resale timeline, which in turn delivers the best possible solution for the buyer.
"There's no use selling equipment if it has been superseded by technological advancements or is in such a condition that there is no chance to recoup any capital.
"So while we spend the time with the vendor, what it really means is it's a buyer's market as they're the ones getting a great price for equipment that has a strong useful working life remaining."
Meanwhile, bidding has already commenced for Thursday's Ritchie Bros Machinery Muster.
The national unreserved agricultural auction will take place online and $10 million of machinery is listed for sale.
Going under the hammer will be a range of late model equipment including tractors, spreaders, harvesters, sprayers, balers, mowers, tillage and sewing equipment.
Ritchie Bros agricultural territory manager Gary Biggs said they have more than 400 lots, including 30 tractors, up for grabs.
"We are delighted to be bringing Australian farmers a huge range of great quality new and second-hand machinery in our Machinery Muster on September 9," Mr Biggs said.
"We are already seeing strong interest in the form of registrations and inquiries, due to the short supply of equipment and delayed delivery schedules for new machines stretching into 2022.
"This auction will provide buyers the opportunity to source the machinery they need this year, without having to wait 12 to 18 months for stock to arrive from dealers."
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