Optimism Abounds at $138M Ritchie Bros. Used Equipment Auction in Orlando

Wed February 24, 2010 - National Edition
Construction Equipment Guide

Ritchie Bros.’s ringmen work the crowd as they try to maintain a pace of selling a machine every 60 seconds.
Ritchie Bros.’s ringmen work the crowd as they try to maintain a pace of selling a machine every 60 seconds.
Ritchie Bros.’s ringmen work the crowd as they try to maintain a pace of selling a machine every 60 seconds. Three-B Farms in Washington, N.C., is looking for an excavator for drainage ditches.  This Doosan SL330 with a long stick and ditching bucket might just do the trick. Todd Boyd (L) Dwight Resbess (R) and Doug Boyd (in cab). Steve Heckman (L) of LC Whitford in Wellsville, N.Y., is teaching the ropes to his son, Justin, as they inspect the features of this Terex T340 40-ton hydraulic crane. The bidding was fast and furious on this Link-Belt truck crane. The strong crane prices signal a strengthening in the used crane market. Buyers carefully monitor excavator prices in the hopes that the strong numbers at this year’s sale are a sign of better times to come. A bidder perches high atop this giant Komatsu PC600. This Caterpillar 345C excavator may end up in Quebec, Canada, if Jean Miller (in cab) and Kevin Maguire have their way. Junior Kool  (L), president of Vermeer Midwest, Aurora, Ill., answers a question from a potential bidder about a price on a machine. Billy Seals (L) of Thompson Tractor Company, Birmingham, Ala., and John Alexander, used equipment manager of Alban CAT, Baltimore, Md., compare some notes. Stuart Kernaghan (C) of Ritchie Bros. answers bidder questions. After checking out a few machines in the early morning chill, Mark Elbaum, international sales manager of Thompson Machinery, Nashville, Tenn., heads to the inside bidding theater. Hoping to purchase motrograder or two are Ardila Yacocciodo (L), president, and Rogelio Yacocciodio, vice president, both of Yacocciodio Construction, Columbia. Mack Hunter, president of Hunter Trucking & Excavating, Topsham, Maine, thought he was escaping New England’s cold February temps but found himself sitting in the cab of this Case 850K in cold February Orlando temps in the low 50s. Mike Lambert (L), president of M& D Truck and Equipment Sales, Monroe, Wis., and John J. Roeder, general manager of Roeder Implement Inc., Dubuque, Iowa, meet up at the Ritchie Bros. sale in Orlando. Wheel loaders await their turn to be rolled out to the front to find new owners. In a cab of a John Deere excavator, Lloyd Wenger waits for the bidding to come his way. Bidders flock to the 4000 lot where the excavators were being sold at the Ritchie Bros. Sale. Don Routhier of D&A Tractor Sales in Ontario, Canada, is taking a hard look at this Case CX210 excavator. The father and son team of Adam Deloss (R), president, and Barry Deloss, vice president of Deloss Construction, Spencer, Iowa, are ready to bid on some excavators. Traveling from Canada for the Ritchie Sale are Ray LePage (L), president of  Lepage Equipment & Parts, Lon Sault Ontario, and Jean Miller, president of Jean Miller Locators Inc., Mount Tremblant, Quebec. Looking at the engine on this Caterpillar long-reach excavator are Samuel Valdez (L), president, and Allandro Nonroy, vice president, both of Valdez Construction in Mexico City. Many bidders took advantage of the virtual ramp room where photos of stationary equipment on which in the yard could be bid. Caterpillar wheel loaders roll over the auction ramp. Welcome to warm and sunny Orlando, Florida! Crane Alley — Rows and rows of cranes await new homes. During the week-long sale, Thursday, Feb. 18, was hydraulic excavator day. All makes and models of excavators and excavator attachments were auctioned to the highest bidder. (L-R): Marty Kuhl and Bob Kukulski of Foley Inc. and Jerry Holleran of Machinery Services in Royersford, Pa., welcome the opportunity to leave the cold and snowy northeast and soak up a little Florida sunshine at this year’s sales. Randall Sanderson of T-Quip hopes to pick up some late model used equipment to bring home to his New England customers. Ronald Delong of New Brunswick, Canada, already has a couple of dump trucks, but he may add one or two more. Dana Berger (L), used equipment manager of H.O. Penn and Tim Perkins of Milton CAT made the trip to Florida from the northeast knowing that the prices at the Kissimmee February auctions signal to the rest of the country what to expect from used equipment Buyers from across the United States and the world register to bid in the registration area of Ritchie Bros.’s Orlando facility. The grandstand facing the ramp area fills up as bidding begins on Day two. This Caterpillar 972H rubber-tired loader brought much more than expected. In general, prices were high in Kissimmee, signaling a stronger worldwide equipment market. This Caterpillar 966H loader takes its place in line along with thousands of other machines to be sold across the ramp at this year’s sale. Arnold Stroshein Jr. (L) and Arnold Stroshein Sr. inspect a Caterpillar D4G.  These developers from Lake County, Fla., are working on a new project in the Bahamas. This Caterpillar 938G may be needed for snow removal in Danville, Va., the way this winter has been going.  Dennis Loftis of J&J Truck Sales may just use it for that. Paul (L) and Luke Lonergan of Empire Crane in Syracuse, N.Y., hope to bring home some cranes for their customers in the northeast and other potential customers they work with worldwide. Jason Nadaskay (L) of Edward Ehrbar Inc., Danbury, Conn., and Kevin Knaust of A. Montano Company, Saugerties, N.Y., carefully monitor rubber-tired loader prices on day-two of the five-day Ritchie Bros. sale. Emil Fabrizi Jr. allows his son, Emil Fabrizi III, to test the controls of this Komatsu PC200LC. The two hope to bring home a machine to add to their fleet of equipment in Cherry Valley, Ohio. A huge crowd gathers as the excavator portion of this year’s sale begins. Arthur Colwell (L) and Doug Vaughan of Riverview Quarries in Cumberland, R.I. scrutinized this Hyundai 210LC series VII excavator. Martin Belanger of C.M.P. Transport traveled all the way from Quebec, Canada, to attend the Ritchie Bros. auction in Orlando. Here, he checks out a Komatsu WA 250 loader. Dan Robson of Robson Hall Excavator said the good exchange rate prompted him to come to Florida to look for a dozer, including this Caterpillar D6N. Another machine destined for Canada may be this Caterpillar140 grader.  Robert King of R. F. King Equipment is giving it the once over. Rober and Johanne Lockhead of Equipment PSA in Quebec, Canada ,have their sights set on this Champion C60B. Bidders from all over the United States and the world came to register for Ritchie Bros.’ auction in Orlando.

More than 7,000 people from more than 75 countries registered to bid on $138 million of used equipment and trucks sold at an unreserved public auction conducted by Ritchie Bros. Auctioneers in Orlando, Fla., from Feb. 15 to 19.

Thousands of people visited Ritchie Bros.’ permanent auction site to inspect more than 7,200 equipment items and bid in person; thousands more participated online at www.rbauction.com. Bidders from outside Florida purchased $118 million of equipment (85 percent), including $61 million purchased by out-of-country bidders (44 percent).

“There was such a positive atmosphere at the auction: we had a huge international crowd at the site, with active bidding online; buyers were impressed with the selection of equipment and the fairness of the bidding and sellers were pleased with solid pricing,” said Steve Kriebel, Ritchie Bros. regional manager. “We had thousands of people bidding on all five days of the auction, and they came from all over North America and the world. Thanks to the size and diversity of the bidding audience at the auction, pricing was strong across all equipment categories. This auction exceeded our expectations in pretty much every respect. We experienced overall growth in Orlando in 2009 compared to the prior year, and 2010 is off to a good start.”

Ritchie Bros. sold equipment and trucks on behalf of more than 600 consignors, including Young’s Contracting of Niceville, Fla. Co-owners Laverne Young and his son, Kirk, sold several million dollars worth of equipment in the Orlando auction, including wheel loaders, excavators, articulated dump trucks, crawler tractors and trucks.

“There’s less work so we’re downsizing, but we’re not out of business,” said Laverne Young. “We were very thorough about this decision. We talked to four or five companies and Ritchie Bros. came up with the best plan for us. We are very, very happy with the results of the auction. About 95 percent of the items sold for more than we expected — and some went for a lot more. I think the amount of people at the auction, and the number of places they come from, is the biggest factor.”

For more information, please visit www.rbauction.com.