Almost US$75 million in equipment and trucks acquired by active national
and international buyers on-site and online
ORLANDO, FL, June 1 /CNW/ - Ritchie Bros. Auctioneers (NYSE and TSX: RBA)
conducted the largest three-day U.S. auction in Company history last week,
selling almost US$75 million of heavy equipment and trucks during an
unreserved public auction at its permanent auction site in Orlando, Florida.
The auction attracted more than 2,300 on-site and online bidders from 57
countries, including 49 U.S. states. Bidders from outside Florida purchased
US$56 million of equipment (75 percent of the total gross auction proceeds),
including US$20 million purchased by out-of-country buyers (26 percent).
Ritchie Bros. (www.rbauction.com), the world's largest industrial auctioneer,
conducted the record-breaking auction from May 27 - 29, 2009.
"The size of this auction demonstrates that our consignors have
confidence in our unreserved auctions, regardless of the local market
conditions, and shows that their confidence is well placed," said Gary
Seybold, Ritchie Bros. Divisional Manager. "We had a great selection of late
model equipment in last week's auction, and the knowledge that every item
would be sold in a fair, unreserved manner brought in thousands of domestic
and international bidders. We saw active bidding on-site and online, with
strong prices as a result. Cranes attracted a lot of international attention -
one bidder from Mexico purchased five hydraulic truck cranes over the
Orlando auction quick facts
- May 27 - 29, 2009 - Orlando, FL
- Almost US$75 million in gross auction proceeds
- More than US$17 million in online gross auction proceeds
- 3,300+ lots sold
- 2,300+ unique bidders (total)
- 1,200+ unique bidders (online)
Ritchie Bros.' Orlando auction site also hosted the largest auction in
Company history in February 2008 (a US$190 million, five-day auction). There
are 84 unreserved auctions in 10 countries on the Ritchie Bros. auction
calendar at www.rbauction.com. The next auction at the Orlando auction site
takes place on October 14 & 15, 2009.
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 38 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
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:
For further information: Kim Schulz, Corporate Communications Manager,
Ritchie Bros. Auctioneers, Office: (604) 304-3830 or Mobile: (604) 788-5379 or
email: firstname.lastname@example.org; Or Gary Seybold, Divisional Manager, Ritchie
Bros. Auctioneers, Orlando auction site, tel: (863) 420-9919