OAK BROOK, IL -- The following information was released by Associated Equipment Distributors (AED):
Buyers to find what they need among 2,200+ itemsuthe most lots ever sold in a Las Vegas auction
Ritchie Bros. Auctioneers will conduct a multimillion dollar unreserved public auction at the company's auction site in Las Vegas, Nevada, on March 24 - 25, 2011. Over 300 consignors have listed more than 2,200 equipment items and trucks to be sold to the highest bidders on auction dayuregardless of priceuwith no minimum bids or reserve prices. Bidders can bid in person at the site on auction day or online in real time at www.rbauction.com.
The equipment featured in the auction, including a large selection of late model, low-hour gear from all over the U.S., will be the largest number of items ever featured in a Las Vegas auction, surpassing the 1,800 items sold at the auction in February 2010.
"This is the largest number of lots we've ever sold at the site in one auction, and the most consignors we've ever had selling their equipment," said Jim Rotlisberger, Regional Manager, Ritchie Bros. Auctioneers. "It's a great way to start off the auction year here and based on our past experience, we expect many bidders to come from out-of-state and out-of-country to purchase this equipment."
Since 2008, 30,600+ lots have been sold in 39 Las Vegas auctions to more than 11,000 buyers from 51 countries. The most expensive lot ever sold was an asphalt plant for US $1.0 million. Other high value items include two crawler cranes which sold for a combined $1.8 million last year.
Equipment highlights of the March 24 - 25 Las Vegas auction include a 2009 Caterpillar D10T crawler tractor with only 1600 hours. The auction will also feature a large selection of heavy equipment and trucks, including 60+ mixer trucks, 110 truck tractors, 60+ wheel loaders, 35+ loader backhoes, 40+ hydraulic excavators, 25+ motor scrapers, 20+ dump trucks, 20+ motor graders and much more.
Las Vegas Property Developments
In August 2010, Ritchie Bros. completed construction of a 9,000 square foot refurbishing facility at the Las Vegas site. As of April 2011, the company will begin the second phase of construction on a new 33,000-square foot auction facility complete with administrative offices, a 550-square foot auction theater and a 300-seat Virtual Ramp theater. Completion of the new auction facility is expected by the end of the year. It will feature Ritchie Bros.' Timed Auction Lot (TAL) system, which allows customers to bid on smaller items through on-site internet kiosks or by proxy.
About Ritc hie 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. Ritchie Bros. offers services that enable the world's builders to easily and confidently exchange equipment. The company conducts hundreds of unreserved public auctions each year, selling a broad range of used and unused equipment, trucks and other assets utilized in the construction, transportation, agricultural, material handling, mining, forestry, petroleum and marine industries. Ritchie Bros. has over 110 locations in more than 25 countries, including 43 auction sites worldwide. The company maintains a website at www.rbauction.com and sponsors an equipment wiki at www.RitchieWiki.com
Article Date: 03-20-2011
Source: Associated Equipment Distributors
Copyright(C) 2011 Associated Equipment Distributors. All Rights Reserved.
Associated Equipment Distributors (AED) is an international trade association representing companies involved in the distribution, rental and support of equipment used in construction, mining, forestry, power generation, agriculture and industrial applications. AED member dealers are unique in that they are each authorized, via contract with an original equipment manufacturer, to inventory, sell and service new machinery in a given geography. More than 90% of AED's factory authorized dealers rent construction equipment as well. The Associated Equipment Distributors strongly adheres to and strongly advocates principles of integrity, ethics and fairness. The AED urges its members to conduct their businesses ethically and compatibly with the free enterprise system and the laws which govern it. Contractors can locate factory authorized construction equipment dealers at the MachineMart' web site.
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