Ritchie Bros. Breaks Company’s Sales Record in Calif.

Thu January 25, 2007 - Midwest Edition
CEG



Ritchie Bros. Auctioneers, released results of its two-day unreserved industrial auction held at the company’s permanent auction site Perris, Calif., near Los Angeles. More than 3,200 truck and equipment items were sold Dec. 4 and 5. The sale generated total gross auction sales in excess of $48 million, which is a record for the Ritchie Bros in western United States.

“It was a very large auction with a tremendous selection of truck and equipment items for buyers, who came from around the world to participate,” Richard Aldersley, area manager of Ritchie Bros., said. “There truly is a global marketplace at Ritchie Bros. auctions and the results of this auction show that the market remains strong — there was a big demand for late-model equipment.”

Approximately 2,700 bidders registered at the record-breaking auction. Bidders registered from 27 countries, as well as 43 states, and eight Canadian provinces to bid on the largest number of inventory to be sold at a Ritchie Bros. auction held in western United States.

The record-breaking did not end there. The company sold more than 90 motor scrapers on the first day of the auction — the largest line-up of motor scrapers ever sold at one Ritchie Bros. auction world-wide. Then, the Internet participation also broke a number of records for the Los Angeles (Perris), Calif. auction location.

Approximately 800 internet bidders, using the company’s real-time bidding service rbauctionBid-Live, purchased more than $8 million worth of trucks and equipment items at the sale. Internet participants were buyers or runner-up bidders on 23 percent of the lots available for online bidding.

For more information, visit www.rbauction.com.