Ritchie Bros. to Open New Auction Site in Salt Lake City, Utah

Mon April 12, 2010 - West Edition
CEG



Ritchie Bros. Auctioneers will celebrate the official grand opening of its new Salt Lake City, Utah, regional auction unit on April 22, 2010, with an unreserved public equipment auction starting at 8:00 a.m. and a ribbon-cutting ceremony with community officials and Ritchie Bros. representatives mid-morning.

Ritchie Bros. has been conducting unreserved public equipment auctions at temporary locations in Utah since 1985 when it held its first auction in St. George. In December 1986, the company conducted its very first auction in Salt Lake City. The upcoming April 18th grand opening auction will mark the company’s 27th auction in Salt Lake City since then.

“Ritchie Bros. has been holding unreserved public auctions in the state of Utah for 25 years but always at temporary locations,” said Keith Spicer, area manager, Ritchie Bros. Auctioneers. “It’s very exciting that now we will be able to service our customers in the region year-round in a more permanent way.”

“The 37-acre site also is conveniently located along Interstate 80 and will provide consignors with the space and exposure they need to sell their equipment to buyers from around the world. Our buying customers also will benefit from the site’s close proximity to the Salt Lake International Airport and amenities in downtown Salt Lake City.”

The new leased site, located at Salt Point Commerce Center in Lake Point, is approximately 25 mi. (30 minutes) west of Salt Lake City and approximately 20 mi. (20 minutes) west of the Salt Lake City International Airport, with 1,000 ft. of visibility along I-80.

Hundreds of equipment items have already been consigned to the April 22nd Salt Lake City grand opening auction including a selection of trucks, trailers, aggregate and compaction equipment, wheel loaders, crawler tractors and a large selection of hydraulic excavators, pipelayers and trenchers. Every item in the auction will be sold unreserved to the highest bidder — regardless of price — with no minimum bids or reserve prices.

More items are being added to the auction daily; owners interested in selling their equipment in the April 22nd Salt Lake City grand opening auction can contact the auction site at 801/250-1836 to discuss their options.

The auction is open to the public; registration is free. The site will feature modular trailers for bidder registration and check-in. To help new customers and first-time bidders, Ritchie Bros. also will offer a free “How to Bid” seminar at the Salt Lake City auction site at 7:45 a.m. on April 22nd prior to the auction. Attendees will learn about unreserved public auctions, how to bid in person or online, and what to expect after making an equipment purchase.

Those interested in bidding in the live auction on April 22nd can register in person daily at the auction site starting April 19, 2010, and also can register on auction day. First-time bidders are encouraged to register prior to auction day. Bids also can be placed online in real time at www.rbauction.com or by proxy by contacting the auction site. To bid online, bidders need to register online at least two days in advance of the live auction.

In business for more than 50 years, Ritchie Bros. conducts hundreds of unreserved auctions annually at the 40 auction sites it operates around the world. The addition of the Salt Lake City regional auction unit will mark the company’s 22nd auction site in the United States and its 41st auction site globally.

In the past decade, Ritchie Bros. has registered 14,000 bidders and sold close to 12,000 lots for 1,550 equipment owners at Salt Lake City auctions. The last multi-million dollar public auction in Salt Lake City conducted Nov. 12, 2009, attracted more than 1,000 unique online and onsite registered bidders from 21 countries including participants from all over North America, and from as far away as Egypt, Spain and Korea.