World's largest industrial auctioneer sells close to 1,700
equipment items and trucks in just two days
BRISBANE, AUSTRALIA,
Sept. 21, 2012 /PRNewswire/ - Ritchie
Bros. Auctioneers (NYSE: RBA) (TSX: RBA), the world's largest
industrial auctioneer, sold more than AU$64 million (US$67 million) of heavy equipment and trucks at
two Australian unreserved public auctions this week in Brisbane, QLD (September 18) and Geelong, VIC (September 20). In total, close to 1,700 heavy
equipment items and trucks were sold in the two auctions, including
92 wheel loaders, 86 hydraulic excavators, 21 crawler tractors, 36
articulated dump trucks, 52 prime movers and more—every item in
both auctions was sold to the highest bidder on auction day, with
no minimum bids or reserve prices. Bids were made in the auctions
on site, online in real time at www.rbauction.com or by proxy.
"The success of our Australian auctions this week is once again
a tribute to the confidence bidders have in our selling
process—whether they are participating at the auction or online,"
said Warwick Mackrell, Vice President, Ritchie Bros. Auctioneers.
"In the last week of June 2012 we
sold more than 1,800 equipment items for AU$61 million—now, less
than three months later, we sold close to 1,700 equipment items for
AU$64 million. Our mission as a company is to continue to provide
the world's builders an easy, efficient and confidence-inspiring
way to buy and sell equipment. We look forward to doing this all
over again one more time this year at the end of November and
encourage everyone to contact us if they are looking to sell their
equipment."
The Ritchie Bros. auction in Brisbane on Tuesday,
September 18 attracted more than 1,200 on-site and online
bidders from 36 countries and generated more than AU$42 million in
gross auction proceeds. Bidders from outside the state of
Queensland purchased close 50
percent of the equipment in the auction (based on total gross
auction proceeds) from as far away as Hong Kong, Canada and the United Kingdom.
Equipment was sold in the Brisbane auction for more than 130 owners,
including dump trucks and trailers for Gravel City, a Caboolture,
QL-based bulk haulage contractor in business for more than 30
years.
"We operate mainly in Southeast
Queensland, hauling sand, gravel, bitumen and
asphalt—overall we have about 45 trucks on the road," said
Peter Turner, Managing Director of
Gravel City. "Working with Ritchie Bros. has been great and we are
happy with the results—transport equipment sold especially well in
the auction—I would definitely sell with them again. The whole
process was very professional and efficient. With our company we
try to do as much stuff electronically so as to save as much time
as possible so it was great for me to be able to watch my equipment
sell live on the website."
Two days later, the Company conducted another unreserved public
auction in Geelong on September 20
and sold more than AU$22 million worth of equipment and trucks. The
one-day auction attracted more than 1,200 on-site and online
bidders from 33 countries. Bidders from outside the state of
Victoria purchased more than 47
percent of the equipment in the auction from as far away as
New Zealand, Singapore and Indonesia.
Specific equipment sale highlights in the two auctions
included:
- a 2010 Caterpillar 988H wheel loader sold for AU$540,000
- a 2010 Caterpillar 345DL hydraulic excavator sold for
AU$440,000
- a Liebherr LTM1060-2 60-ton all terrain crane sold for
AU$300,000
- a 2009 Caterpillar 140M VHP Plus motor grader sold for
AU$295,000
- a 2008 Caterpillar D6T XL crawler tractor sold for
AU$270,000
- a 2003 Kenworth C501T Brute 6x4 prime mover sold for
AU$270,000
- two unused 2012 Caterpillar 320EL hydraulic excavators sold for
AU$207,500 each
- a 2007 Kenworth T904 6x4 prime mover sold for AU$205,000
Consignments for the next Brisbane (November
27) and Geelong (November 29)
auctions are now being accepted—to sell your equipment and/or
trucks, please contact: +61.7.3382.4444 (for Brisbane) or +61.3.5245.3333 (for Geelong).
The Ritchie Bros. auction calendar currently features more than 80
unreserved public auctions around the world. Visit
www.rbauction.com for a complete list of upcoming auctions.
About Ritchie Bros.
Established in 1958, Ritchie Bros. Auctioneers (NYSE and TSX: RBA)
is the world's largest industrial auctioneer, selling more
equipment to on-site and online bidders than any other company in
the world. Ritchie Bros. offers services that enable the world's
builders to easily and confidently exchange equipment. The Company
conducts hundreds of unreserved public auctions each year, selling
a broad range of used and unused equipment, trucks and other assets
utilized in the construction, transportation, agricultural,
material handling, mining, forestry, petroleum and marine
industries. Ritchie Bros. has over 110 locations in more than 25
countries, including 44 auction sites worldwide. The Company
maintains a web site at www.rbauction.com and sponsors an equipment
wiki at www.RitchieWiki.com.
ATTENTION MEDIA: Photos and other media resources are
available at http://www.rbauction.com/media. Members of the public
and the media can follow Ritchie Bros. on Twitter @RitchieBros.
SOURCE Ritchie Bros. Auctioneers