Cheffins second-hand machinery sales at Sutton, near Ely, have gone from strength to strength throughout 2017. With four vintage sales achieving record results and over 25 on-site sales, Cheffins has seen one of the most profitable years to date.
The increase in on site sales has been a result of a combination of factors including increased numbers of farmers scaling down and preferring to host on-farm auctions rather than sell by other methods. Cheffins is the leading provider of on-site sales across the UK, with auctions taking place across the UK.
Similarly, second-hand tractor and machinery sales at Sutton have ensured Cheffins holds its position as the leading auctioneers in the country. Buyers in attendance have been from over 50 countries, with increasing sales rates and sales at their strongest since the previous peak in 2013. Sales achieved continue to be at high values as overseas trade competes with domestic and online purchasers. The lack of new tractors sales has led to increasing values for second-hand stock across all models and different price points.
The Cheffins flagship vintage sale in April saw record prices achieved across 260 vintage and classic tractors, with over £2 million-worth of sales across 3,000 lots. The auction also saw £86,100 paid for a 1963 Matbro Mastiff, making it a UK record price at auction for a vintage tractor.
Highlights for 2018 will include a series of on-site vintage auctions as well as a full calendar of second-hand machinery sales, both on-farm and at Sutton.