Brian Reed of R.L. Reed Inc. tests out a Cat mini-excavator.
A large and lively bidding crowd participated Dec. 19 at Cat Auction Services’ first Las Vegas area auction. The multi-million dollar unreserved public equipment auction was held at Cashman Equipment’s corporate headquarters in Henderson, Nev., just outside of Las Vegas.
Bidders attending the auction came from many countries and nearly every state in the United States More than 80 percent of the equipment was sold to out-of-state buyers, some from as far away as countries such as Jordan, Australia, and Saudi Arabia. Online bidders purchased approximately 50 percent of the total equipment sold by dollar value.
In total, more than 400 equipment lots were sold at the auction at an approximate total value of $11 million, which included backhoe loaders, track-type tractors (dozers), hydraulic excavators, wheel loaders, skid steer loaders, motorgraders, and much more.
“The rainy weather in the morning might have kept a few folks at home,” said Todd Gilligan, Cashman Equipment’s general manager of sales and marketing.
“But whether they were participating here in person or elsewhere online, the bidding action at the auction seemed pretty fast and furious.”
“Cat Auctions sells the best quality equipment of any North American auction company,” said Rick Albin, president of Cat Auction Services.
“The results of this auction show that equipment buyers can bid with confidence, which generates a very positive result for our consignors.”