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ATLANTA,
GEORGIA – With Gross Auction Proceeds of more than US$21
million, a two-day Ritchie Bros. auction held in Atlanta,
GA was the Company’s largest sale ever at its auction
facility in that city.
The
September 19th and 20th unreserved public auction attracted
bidders from around the world. Coming from 18 countries
and 44 U.S. states, 1,408 registered bidders competed for
1,861 trucks and equipment items. Buyers from outside the
state of Georgia purchased 62% of the items up for bid.
Of
particular note was the high degree of online participation.
Two hundred and forty seven (247) people registered to bid
over the Internet using the Company’s rbauctionBid-Live
service and were the buyer or runner-up bidder on over 14%
of the lots available to the Internet. They logged on from
42 US states and 8 countries, and purchased in excess of
US$ 2.4 million of trucks and equipment, representing approximately
12% of total Gross Auction Proceeds.
“We
had a great response from our onsite and online attendees.
As a result, prices were strong for the larger equipment,
as well as the late model dump trucks and mechanics service
trucks,” said Ken Duncan, Regional Manager for Ritchie
Bros. Auctioneers. “Moreover, several of the consignors
commented on the value of our full range of auction-related
services. In one case, we arranged for transportation, and
recommended and conducted refurbishing that helped bring
the seller higher results than he had expected.”
Forty-three
(43) upcoming auctions line the Ritchie Bros. auction calendar—most
allow for real time Internet bidding. To view equipment
listings and find out about online bidding, visit the Ritchie
Bros. web site, www.rbauction.com.
Ritchie
Bros. is the world's leading auctioneer of industrial equipment,
operating through over 90 locations throughout North, South
and Central America, Europe, Asia, Australia, Africa and
the Middle East. The Company sells, through unreserved public
auctions, a broad range of industrial equipment including
equipment utilized in the construction, transportation,
mining, forestry, petroleum and agricultural industries.
Ritchie Bros. is a public company; its common shares trade
on the New York Stock Exchange under the ticker symbol RBA.
It maintains a web site at rbauction.com.
Investors
and potential investors should note that this information
may not be indicative of the overall financial performance
of the Company for this or any period.
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