Construction Employment Increases in 253 Out of 358 Metro Areas From June 2018 to 2019

More Than 9,400 Items Sell at Ritchie Florida Auction

Tue March 05, 2013 - National Edition
CEG


Richard Mallet (L), international sales representative of Hewitt Cat, and Dan MacLeod of Atlantic Cat enjoy reminiscing about old times.
Richard Mallet (L), international sales representative of Hewitt Cat, and Dan MacLeod of Atlantic Cat enjoy reminiscing about old times.
Richard Mallet (L), international sales representative of Hewitt Cat, and Dan MacLeod of Atlantic Cat enjoy reminiscing about old times. This Caterpillar D3G may be going to Evansville, Ind., if Scott Normington of Neuhoff Equipment can get a good deal. Wesley Cleary of Cleary Construction in Kentucky gives this Caterpillar 365C a long, hard look. Henry Branscome (L) and Mark Hockaday, president of Henry Mfg. Equipment Sales Co., are considering this Caterpillar 330D. Henry Branscome (L) and Mark Hockaday, president of Henry Mfg. Equipment Sales Co., are considering this Caterpillar 330D. This 2010 Caterpillar 740 truck sold for $330,000. Tim Anderson (L) and Tim Tabor, both of Thompson Machinery, keep track of what the Caterpillar wheel loaders are going for at the Ritchie sale. Jay Germann (L), Roland Machinery Co., and Jeremy Tolbert, used equipment, Tractor & Equipment Co., came to see what the Komatsu iron would go for. Old friends Dean Adsit (L), Nortrax Equipment Co., and Lynn Schroeder, Hilco Appraisal Services, got a chance to compare some notes on the prices at the sale. Every machine is power washed before it crosses the auction ramp. Thousands of pieces of equipment spread out over the 200-acre Ritchie Bros. site. A Caterpillar dozer with a giant ripper rambles over the auction ramp. Terry (L) and Ernie Powers came to the auction from Michigan hoping to buy a dozer and an excavator. A virtual auction keeps the bidding action moving on items too small to run over the ramp. Ritchie Bros. offered an extensive selection of cranes at its Florida auction. Ed Jochim of Jochim Precast was in town hoping to pick up equipment for his company, including this Caterpillar RM300 mixer. Tim (L) and Ed Shaw of Shaw & Holter Inc., Lancaster, Ohio, were looking for some good buys on equipment for their road building company. This Caterpillar 740 truck may be going to Tennessee for a coal operation, if the price is right, according to Mike Webster of Crossfield Coal.

Ritchie Bros. Auctioneers held its Florida Auctions in Orlando Feb. 18 to 23, selling more than 9,400 items for more than $176 million.

The six-day auction set a new company record for online sales as online buyers generated more than $53 million in gross auction proceeds or 31 percent of total gross auction proceeds generated during the auctions. Approximately 8,300 bidders registered for the six-day, unreserved public auction from 80 countries, 50 U.S. states, all Canadian provinces and one territory.

More than $38 million was purchased by buyers in Florida while more than $137 million (or 78 percent) was sold to buyers located outside the state of Florida, with more than $58 million (or 33 percent) of that amount being sold to buyers outside the country. Items in the auction were sold for more than 780 sellers. Items sold include a 2012 Grove RT890 90-ton 4x4x4 rough-terrain crane that sold for $725,000 and more than 40 2008 International ProStar and 2007 International 9400I trucks from Wal-mart’s professionally maintained fleet.

“It has been another big February week for us here in Orlando,” said Steve Kriebel, regional sales manager, Ritchie Bros. Auctioneers. “We welcomed bidders from across the nation and those who traveled from around the world to compete for one of the world’s largest selections of heavy equipment. Prices were particularly strong for the smaller heavy construction items as well as one of the nicest selections of cranes that we’ve ever sold in our yard here in Orlando. Having now kicked off our 2013 Orlando auction season we look forward to building for our next Orlando auction on May 16, 2013.”

A new company record for gross auction proceeds generated by online buyers was set at this year’s February Orlando auction. More than 3,900 of the registered bidders participated online using the Ritchie Bros. real-time online bidding service available at www.rbauction.com and purchased more than $53 million of equipment. Internet bidders were winner or runner up bidder on 51 percent of the lots available online.