Ritchie Bros. Breaks Bidder Records

Sat May 26, 2007 - West Edition

Ritchie Bros. Auctioneers released the results of its two-day, multi-million dollar unreserved auction held at its permanent auction site in Phoenix, Ariz. The unreserved public auction, which sold more than 2,000 items, generated gross auction sales in excess of $26 million and broke both in-person and online registered bidder records for an auction held by the company in Phoenix Feb. 15 and 16.

“There was a lot of excitement leading up to our Phoenix auction — our customers were really interested to see what things would sell for,” said Dan White, Ritchie Bros. regional manager. “There was a really nice spread of trucks and equipment at our sale and we saw a very strong market during the two-day auction.”

More than 2,400 registered bidders from 18 countries, 45 U.S. states and 11 Canadian provinces and territories participated in the two-day auction.

More than 800 bidders registered to use the company’s rbauctionBid-Live real-time bidding service, which is the most online bidders to ever register for a Ritchie Bros. auction in the western United States. Internet participants purchased more than $5 million worth of trucks and equipment.

“Prices were strong across the board, and unused Kenworth and Peterbilt trucks were particularly strong,” said White.

There are more than 42,000 truck and equipment items featured in 37 unreserved industrial auctions and more than 100 unreserved agricultural auctions in the upcoming Ritchie Bros. auction calendar.

For more information, visit www.rbauction.com.