Contingencies	12 Months Ended
Dec. 31, 2015
Contingencies [Abstract]
Contingencies	27. Contingencies Legal and other claims The Company is subject to legal and other claims that arise in the ordinary course of its business. The Company does not believe that the results of these claims will have a material effect on the Company’s balance sheet or income statement. Guarantee contracts In the normal course of business, the Company will in certain situations guarantee to a consignor a minimum level of proceeds in connection with the sale at auction of that consignor’s equipment. At December 31, 2015 there was $25,267,000 of industrial assets guaranteed under contract, of which 100% is expected to be sold prior to the end of May 2016 (December 31, 2014: $85,967,000 of which 100% sold prior to the end of May 2015). 27. Contingencies (continued) Guarantee contracts (continued) At December 31, 2015 there was $30,509,000 of agricultural assets guaranteed under contract, of which 100% is expected to be sold prior to the end of August 2016 (December 31, 2014: $15,793,000 of which 100% sold prior to the end of June 2015). The outstanding guarantee amounts are undiscounted and before estimated proceeds from sale at auction.

27. Contingencies

Legal and other claims

The Company is subject to legal and other claims that arise in the ordinary course of its business. The Company does not believe that the results of these claims will have a material effect on the Company’s balance sheet or income statement.

Guarantee contracts

In the normal course of business, the Company will in certain situations guarantee to a consignor a minimum level of proceeds in connection with the sale at auction of that consignor’s equipment.

At December 31, 2015 there was $25,267,000 of industrial assets guaranteed under contract, of which 100% is expected to be sold prior to the end of May 2016 (December 31, 2014: $85,967,000 of which 100% sold prior to the end of May 2015).

27. Contingencies (continued)

Guarantee contracts (continued)

At December 31, 2015 there was $30,509,000 of agricultural assets guaranteed under contract, of which 100% is expected to be sold prior to the end of August 2016 (December 31, 2014: $15,793,000 of which 100% sold prior to the end of June 2015).

The outstanding guarantee amounts are undiscounted and before estimated proceeds from sale at auction.