Equipment Demand Remains Strong at Ritchie Auction

Fri April 02, 2010 - West Edition
CEG


Jack and Mary Lou Traylor, Simon Traylor & Sons Inc., in Jacksonville, Texas, are checking out the backhoe loaders like this Case 570 MXT for their inventory.
Jack and Mary Lou Traylor, Simon Traylor & Sons Inc., in Jacksonville, Texas, are checking out the backhoe loaders like this Case 570 MXT for their inventory.
Jack and Mary Lou Traylor, Simon Traylor & Sons Inc., in Jacksonville, Texas, are checking out the backhoe loaders like this Case 570 MXT for their inventory. Kelly Bullin (L), Legends Equipment Co. in Justin, Texas, has been discussing auction prices with Jack Hisle of Hisle Bros. Inc. in Ada, Okla. Ritchie Bros. personnel continue to register late arrivals in Ritchie’s new high-tech Houston, Texas, facility. Mike Pugh (L), Pugh Properties, and Roy Pugh, Roy’s Welding Service, both in Conroe, Texas, are pretty interested in this Cat 12H motorgrader. Peter Miller of ROMFOR Supply, Houston, Texas, has spent quite a bit of time checking out this Gradall 544D-10 high-lift. Bryan Waddle, Cross Timbers Equipment in Denton, Texas, takes a photo op with this Cat 140H motorgrader. Arty Crow of Trans Global Solutions, Nederland, Texas, has just examined this Cat IT-28G tool handler. Von Harris, VL Harris Trucking in Houston, Texas, has been checking the dimensions of this Cat D7R dozer for hauling. John Foster of Action Rentals in Waller, Texas, is interested in a smooth drum roller such as this Sakai SV 400D-I. Ralph Poehlmann (L), Poehlmann Enterprises, and Todd Poehlmann, Bluebonnet Construction Inc., both in Brenham, Texas, are considering a joint venture with this Komatsu D65EX dozer. Barry (L) and Baron Burgess, Barry Burgess Equipment in Kemp, Okla., take a father and son photo op with this Cat 583H pipelayer.

Ritchie Bros. Auctioneers sold more than $42 million of heavy equipment during a two-day unreserved public auction March 24 and 25, at the company’s permanent auction site in Houston, Texas. Bidders from 53 countries, including 48 U.S. states, 10 Canadian provinces and one territory registered to participate onsite and online at www.rbauction.com to compete on more than 3,300 lots sold during the multi-million dollar Texas auction.

3,000 bidders registered at the two-day unreserved auction — of which more than 1,300 (43 percent) were from outside the state. Buyers from outside Texas purchased more than $24 million (57 percent) worth of equipment, trucks and real estate while Americans purchased 74 percent of the items in the auction (based on gross auction proceeds).

“We ended on a high note in Texas last year and it is clear that demand for equipment in the USA and around the world is still holding strong in 2010,” said Alan McVicker, regional manager, Ritchie Bros. Auctioneers. “The auction demonstrated that our bidders are continuing to embrace our innovative auctions, attending our facilities in large numbers as well as using our online bidding technology. Internet bidders were winners or runner-up bidders on almost half of the lots sold during the auction.”

More than 1,300 of the registered bidders participated online and purchased more than $12 million (30 percent of gross auction proceeds) of heavy equipment, trucks and real estate during the auction.

For more information visit, www.rbauction.com.