Cat Auction Services Kicks Off Inaugural Sale

Thu December 18, 2008 - Midwest Edition
CEG




Cat Auction Services held an inaugural auction Nov. 12 in Des Moines, Iowa. A total of 275 pieces of equipment were sold garnering $8.85 million as 499 on-site and 327 online bidders from 14 states and nine countries, including Mexico, Canada and Egypt, vied for equipment which featured complete pre-sale inspection reports based on Cat Used standards.

In addition to the Cat Auction Services inspections, buyers had a video look at each machine as it was sold.

Dan Ames, owner of Minnesota Dirt Works, Inc., of Lonsdale, Minn., made his first-ever auction purchase though he typically buys all his equipment from local dealers.

“It was a first-class event, and all of the equipment seemed high quality. The pre-sale inspection report on the equipment was a big benefit to me,” Ames said. “I went to the auction with no intention of buying and came home with a small compactor. Seeing the machines on the JumboTron moving and going through all their functions gave me even more confidence in the purchase.”

McAninch Corporation of Des Moines was the volume consignor and hosted the auction at the company’s maintenance facility. Doug McAninch, vice president, complimented the efforts of Cat Auction Services.

“The folks from Cat Auction Services conducted a very professional, first-class auction,” McAninch said. “The Cat Auction Services personnel worked well with our people through the entire process, and they had our shop very well organized and looking like a convention center for the sale. We will continue to call on our partners at Cat for all our equipment needs in the future.”

Cat Auction Services allowed buyers to purchase equipment online or in person. Real-time online bidding powered by Proxibid provided a global audience for the auctions.

“Working with a key consignor such as McAninch Corporation, which has a strong history for maintaining equipment, was a big factor in the success of this first event,” said Rick Albin, president and CEO of Cat Auction Services.

The next Cat Auction Services event will be in March.

For more information, call 952/884-2915 or 866/750-9432 or visit www.catauctions.com.