Masters receiver's auction success
MILLIONS of dollars worth of engineering equipment, tools, furniture, vehicles and other equipment went under the hammer on Wednesday at the receiver’s auction at the site of the business once operated in Gympie by Masters Engineering Contractors Pty Ltd.
Auctioneer Bill Lauder yesterday would not disclose the total amount raised at the sale, but said all 507 lots were sold at what he described as “a very well supported day”.
A huge crowd jammed into the Masters Engineering yard at Gympie Industrial Estate to bid on the lots, which included 16 cars and commercial vehicles, trucks, a triaxle trailer, a yard crane, compressor, lathes, drills, grinders, welders, sand blasting equipment, a shipping container, work benches and office furniture, computers, shelving and trestles.
“Most of the equipment was sold to Gympie businesses,” Mr Lauder said yesterday.
“Probably 80 per cent of the items went to businesses from within 60km of the site, probably nearer 90 per cent,” he said.
“We’re very satisfied with the result,” he said.