Families in 'bid war' for Bechtel's Curtis Island gear
WHITE goods were the sell-out of the latest Hassalls bidding war, luring a new type of customer to the auction yard.
Families, rather than tradies and contractors, were the main bidders behind a massive offloading of 50 pallets of Bechtel's pre-loved Curtis Island white goods, previously used by workers in their crib huts and eating nestles.
Pie warmers, fridges, bar fridges, 20 merchandise fridges and microwaves were among the thousands of dollars worth of white goods off-loaded, according to Hassalls auctioneer Rob Alexander.
"Along with the normal contractors and tradies, we also had a few families come along for the fridges and white goods so it was good to see everyone there to share," Mr Alexander said.
Tradies and contractors went crazy for stock repossessed by banks, with CAT graders worth thousands among the most popular items. Hassalls, which has contracts to sell repossessed gear for all four big banks, said most of the gear was from contractors who had foreclosed.
Hassalls, which usually clears stock at a rate of about 98% at the Gracemere auctions, cleared about 90% of stock at the Wednesday auction, Mr Alexander saying it was because there were more "specialty" items.
But light and heavy vehicles motored out of the yard.
Mr Alexander expects Hassalls will hold its next Gladstone auction in October or November but "it's a bit uncertain about when the stock will come off the island".
Hassalls is charged with selling $50 million dollarsof Bechtel's Curtis Island gear, which it expects to wrap up by February.