Thousands attend Ritchie Bros.' public equipment auctions during World of
Concrete
Tapping into stronger international markets key for consignors
Ritchie Bros. (www.rbauction.com), the world's largest industrial auctioneer, also conducted public unreserved auctions in
Allied Crane and Machinery of Mesa, AZ sold 15 large, late-model boom trucks in the
"We couldn't be more pleased with the service and the results; it seemed like we've seen the bottom of the market," said
More than 2,700 unique bidders from 33 countries, including 45 U.S. states, participated in the unreserved public auction at the Ritchie Bros.
"Two large Ritchie Bros. auctions close to World of Concrete created a lot of excitement in the industry," said Richard Aldersley, Ritchie Bros. Divisional Manager. "We had a huge turnout in
The unreserved public auction at the Ritchie Bros. auction site in
"We had an incredible auction, with a great lineup of quality equipment, thousands of bidders from all over the world and strong prices," said Jim Rotlisberger, Ritchie Bros. Regional Manager. "World of Concrete brought a lot of people to Vegas; many of them came to the site early in the week to inspect the equipment and then went home and bid online, confident that they'd seen, touched and tested what they were bidding on. We also had a huge crowd at the site on auction day. There is still a lot of demand for market-priced, quality equipment that can be put straight to work."
AUCTION QUICK FACTS ------------------------------------------------------------------------- Phoenix, AZ Las Vegas, NV (February 2 & 3) (February 5) ------------------------------------------------------------------------- Gross auction proceeds US$22 million US$25 million ------------------------------------------------------------------------- Amount sold to online bidders US$7 million (31 %) US$7 million (28 %) ------------------------------------------------------------------------- Lots 1,900+ 1,800+ ------------------------------------------------------------------------- Unique bidders (online & on-site) 2,700+ 2,900+ ------------------------------------------------------------------------- Unique bidders (online) 1,200+ (46 %) 1,400+ (48 %) -------------------------------------------------------------------------
About Ritchie Bros.
Established in 1958, Ritchie Bros. Auctioneers (NYSE andTSX: RBA) is the world's largest industrial auctioneer, selling more equipment to on-site and online bidders than any other company in the world. The Company has over 110 locations in more than 25 countries, including 40 auction sites worldwide. Ritchie Bros. sells, through unreserved public auctions, a broad range of used and unused industrial assets, including equipment, trucks and other assets utilized in the construction, transportation, agricultural, material handling, mining, forestry, petroleum and marine industries. The Company maintains a web site at www.rbauction.com and sponsors an equipment wiki at www.RitchieWiki.com.
Investors and potential investors should note that this information may not be indicative of the overall financial performance of the Company for this or any period.
For further information: Kim Schulz, Manager, Corporate Communications, Ritchie Bros. Auctioneers, Mobile: (604) 788-5379; Or Richard Aldersley, Divisional Manager, Ritchie Bros. Auctioneers, Phoenix auction site tel: (602) 269-5631; Or Jim Rotlisberger, Regional Manager, Ritchie Bros. Auctioneers, Las Vegas auction site tel: (702) 644-2468
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