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Strong Global Participation Spurs Successful Ritchie Sale

Wed March 02, 2011 - Northeast Edition
CEG


Roger Dol is giving this John Deere 700J a try while Dan Dol looks on.  They are with Dol Hydro Seeding in Toronto, Canada.
Roger Dol is giving this John Deere 700J a try while Dan Dol looks on. They are with Dol Hydro Seeding in Toronto, Canada.
Roger Dol is giving this John Deere 700J a try while Dan Dol looks on.  They are with Dol Hydro Seeding in Toronto, Canada. Gerald Fulkroad (L), president of Jay Fulkroad & Sons Inc., asks Ritchie Bros. Vice President Joe Boyle some questions about the equipment at the Orlando sale. All smiles and enjoying the great weather and the atmosphere of the Ritchie Bros.’ annual Florida auction (L-R) are Paul Dabbs, Yancey Bros. Co., Atlanta, Ga.; Joe Caudo, Caudo Mining Construction Equipment, Australia; and David Hayes, H2sk Equipmen Dad and the boys had a bit of family time while inspecting machines. From top to bottom are Woody, Pete and Bob Brucken, of American Patriot Equipment, Evansville, Ind. (L-R): Cleveland Bros. representatives were out in full force at the Ritchie sale including Bob Thompson, used parts manager, Pittsburgh, Pa.; Joe Goncalves and Tom Jamieson used equipment sales, Harrisburg, Pa. A couple of guys that know a thing or two about Komatsu machines are Paul Killury (L) of Komatsu Australia Pty Ltd., Brisbane, Australia, and Skip Walker of High Hills Equipment, Birmingham, Ala. Here, they discuss what they like in the sale. Looking over a pair of Caterpillar 950F wheel loaders is Glenn Driskell of Puckett Machinery in Jackson, Miss. Discussing their assessment of a New Holland D95 dozer are John Ratliff (L) of CME Sales, Bristol, Va., and Vernon Holmes, an independent contractor based in Abingdon, Va. Taking a moment to jot down a few notes after inspecting this John Deere 700J LGP is Nathan Gamble, used equipment manager of GreenSouth Equipment, Cairo, Ga. Swapping notes on some of the cranes for sale (L-R) are Levy Brack, Heavy Iron, Columbia, S.C.; John Lawson, Dixie Crane Equipment, Spartanburg, S.C.; and Tom Wuerdeman, PVE Cranes & Services, Jacksonville, Fla. A pair of couples looking at some of the heavy iron, including this Caterpillar D10R (L-R) are Mike and Janet Herring and Cindy and Sonny Harper of Herring Construction, Eddyville, Ky. Kris Laney (L), High Voltage Electric, and George Bell, vice president of Cianbro Equipment came down from Maine to find a mini-excavator. This Cat 303C may be just the machine. The father and son team of David (L) and Drew Van Brunt of Global Tractor, Dallas, Texas, were interested in some of the many dozers in the auction lineup. Discussing their assessment of a New Holland D95 dozer are John Ratliff (L) of CME Sales, Bristol, Va., and Vernon Holmes, an independent contractor based in Abingdon, Va. Tim Thomas, used equipment manager of Tractor & Equipment Company, a multi-state Komatsu dealer based in Birmingham, Ala., was keeping a close tab on what pricing the Komatsu machines were bringing at auction. When the gavel dropped, this Caterpillar D9R rolled off the ramp at a final bidding price of $135,000. It was standing room only in the theatre seating area. A vast collection of cranes went up for bid. A vast collection of cranes went up for bid. The view from I-4 (Interstate 4) caused drivers to slow up just a bit to view the spread of iron at Ritchie Bros. Florida auction. Brian Brenneman, president of Global Equipment Resources in Lakeland, Fla., is up top looking over this Komatsu PC300LC excavator while David Cantrell checks out the bottom. Melvin Ladneir of ML Services came down from Elkmont, Ala., to look over some equipment for a dealer in Birmingham. This Cat 740 truck was on the list of equipment he was surveying. Chris (L) and O.J. Laman of Laman Equipment Sales & Rentals check out this Case 580M. They are hoping to take one back to Cave City, Ark. Melvin (L) and Terry Orr of Melvin Orr Trucking in Tecumseh, Ontario, is hoping to take several little loaders back to Canada. Antonio Colmenares of Ron Construction Equipment came all the way from Venezuela to check out the equipment at the auction. He is particularly interested in this Cat 12H grader. This Hamm HD120 got a good looking over from Howard Fischer of Fischer Contracting in Scotch Plains, N.J.  He is hoping to take it back with him along with a sweeper and maybe a road planer. Taking in the Florida sunshine before they go out to look at the iron at the annual Orlando sale (L-R) are Rich Califano, Foley Inc.; Jerry Halloran, Machinery Services Inc.; Bob Kukulski, Foley Inc.; and Harry Rice, Binder Machinery Co.

More than 7,700 people from over 77 countries registered to bid on $172 million of used and unused equipment and trucks sold at an unreserved public auction conducted by Ritchie Bros. Auctioneers in Orlando, Fla., from Feb. 15 to 19.

Confidence showed up in the thousands, as a record number of bidders (7,739) and consignors (692) came together at the company’s permanent auction site in Orlando to buy and sell heavy equipment assets. Thousands of people visited the 200-plus acre site to inspect more than 8,000 heavy equipment items and bid in person; thousands more participated online at www.rbauction.com. Bidders from outside Florida purchased $145 million of equipment (84 percent), including $79 million purchased by out-of-country bidders (46 percent).

“This Orlando auction had something for everyone and certainly kick-started our 2011 auction calendar on the right note,” said Steve Kriebel, regional manager, Ritchie Bros. “There were large numbers of bidders both onsite and online, which resulted in great returns for our consignors. It appears the market conditions of 2010 are starting to rebound — we are very excited about the year that lies ahead.”

Online participation records also were broken during the five-day public auction in Orlando. A record 3,300 online bidders registered for the auctions. From these bidders, a record 616 buyers purchased more than $35 million (21 percent) of used and unused equipment and trucks.

Ritchie Bros. sold equipment and trucks on behalf of close to 700 consignors, including Ocala, Fla.-based Brown Equipment Co. The company has been purchasing equipment at Ritchie Bros. auctions since the 1980s and selling equipment as a Ritchie Bros. consignor since 1995. This year, Brown Equipment Co. consigned close to 300 heavy equipment pieces in Orlando, including a large selection of motor graders, hydraulic excavators, wheel loaders, loader backhoes and more.

“This year I consigned equipment in nearly every equipment category and received great returns; I was amazed at how strong the prices were,” said Lee Brown, owner of Brown Equipment. “I was on site at the auction while my equipment was selling and the atmosphere in the auction theater was great. There was also a lot of online participation. By reaching the world market Ritchie Bros. was able to exceed my expectations.”