Construction/Building — February 8, 2010
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 and TSX: 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
Latest Industry Press Releases
Updated 18:03 MDT, September 2, 2010 
Construction/Building
Aecon awarded $33 million MTO contract to expand Highway 11 (2010-09-02)
Leisure Canada Commends Cuban Golf Course Initiative (2010-09-02)
GENIVAR Income Fund Acquires Pryde Schropp McComb Inc., an engineering firm specializing in the aviation industry (2010-09-02)
CanWel Building Materials Announces Appointment (2010-09-02)
Winalta Inc. announces fourth extension of CCAA protection until September 7, 2010 (2010-09-01)
PFB Corporation Announces Normal Course Issuer Bid (2010-09-01)
Empire Industries Announces Proposed Private Placement, Stock Option Grants (2010-09-01)
Lakeside Steel Breaks Ground on New Manufacturing Facility in Alabama (2010-09-01)
Retrocom Mid-Market REIT Announces $11 Million Investment in Lincoln Value Centre, St. Catharines, Ontario (2010-08-31)
Stantec Increases Credit Facility to C$350 Million and Extends Maturity Date to August 2013 (2010-08-31)
RioCan REIT Announces $124.5 Million Public Offering of Trust Units (2010-08-30)
Large JJM Construction Ltd. consignment in next Ritchie Bros. Chilliwack auction (2010-08-30)
Empire Industries Reports 2010 Second Quarter Results, Appointment of Independent Board Chair (2010-08-30)
Canadian Equipment Rental Fund Limited Partnership Results for the Second Quarter 2010 (2010-08-27)
Aecon announces closing of Cow Harbour asset purchase and launch of new Aecon Mining business (2010-08-27)
CITY COUNCIL APPROVES WATERFRONT TORONTO'S BAYSIDE DEVELOPMENT PROJECT (2010-08-27)
Global Summit Real Estate Inc. Announces Dividend (2010-08-27)
Tribute Communities Links Past and Future With Cornerstone Ceremony at RCMI Condominium (2010-08-27)
CanWel Building Materials Announces Appointment (2010-08-26)
Stantec to Significantly Increase Architecture Practice With the Planned Acquisition of Anshen Allen (2010-08-26)
Allied Properties Real Estate Investment Trust Announces $50 Million Public Equity Offering (2010-08-26)
| MOST POPULAR STORIES |
- Four companies short-listed to renovate London, Ontario hospital
- Delcan to provide enegineering services for Highway 407 extension
- Hamilton water treatment plant stays in service during rebuilding operation
- Plenty of work ahead as Ontario construction-site safety blitz ends
- Construction, engineering companies mergers increased in Q2: Report
- 20 Most Popular Stories
| TODAY’S TOP CONSTRUCTION PROJECTS |
These projects have been selected from 263 projects with a total value of $8,919,878,049 that Reed Construction Data Building Reports reported on yesterday.
$120,000,000 Ottawa ON Negotiated
CONDOMINIUM APARTMENT BUILDING
$120,000,000 Toronto ON Negotiated
$50,000,000 Ottawa ON Prebid
| CURRENT STORIES |
- Ground broken on Halifax RCMP headquarters
- Fanshawe College’s new Centre for Applied Transportation Technologies goes green
- Vanbots continues work on York University Life Sciences Building in Toronto
- Manitoba introduces new farm building code
- Heavy rains wash away bridges to Nova Scotia fishing village
- South Korea calls for financial safety net
- Jobsite safety a shared duty: Mechanical Contractors Association
- New technology could help find Jimmy Hoffa: Study
- Crane operator certification deadline looms in British Columbia
- High-tech oil sands project near Fort McMurray, Alberta could change industry
- Saskatoon bridge closed indefinitely over structural concerns
- City of Regina project turns up all sorts of surprises
- Awareness about qualifications-based selection lacking: Survey
- Canadian Institute of Steel Construction launches Steel Day
- Saskatchewan bridge collapses, causing crane to topple
- Crane tips over, killing worker and injuring two
- Saskatoon man pulled from hole at construction site
- Churchill airport gets government cash for infrastructure upgrades
- Stantec acquires health care architectural firm
