Ritchie Bros. attracts international buyers and sellers to unreserved truck and equipment auction in Brisbane
Brisbane, - CNW-AsiaNet - Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world's largest auctioneer of industrial equipment, attracted an international audience of bidders and sellers to its first Australian auction of 2008. The unreserved public auction on March 18 at the Company's permanent auction site in Yatala on Queensland's Gold Coast generated gross auction proceeds in excess of AU$24 million (US$22 million) and attracted over 1,200 registered bidders from 17 countries, including every Australian state and territory. Ritchie Bros. sold more than 1,000 used and unused transportation, construction and other industrial equipment items at the unreserved auction on behalf of almost 100 consignors from Australia, Japan, China and the United States."Once again we showed that attracting large numbers of interested buyers from the local region and around the world helps us deliver strong returns for our consignors," said Simon Ross, Ritchie Bros. Regional Manager. "We held an excellent auction. The theatre was completely full and the crowd was bidding actively all day. Prices were strong on both construction and transportation equipment, with particularly good returns on the trailers in the sale."
The auction featured a complete dispersal for Von Drehnen Transport. The NSW-based heavy hauling business sold more than $1 million of equipment at the auction, including prime movers (truck tractors), trailers and jeeps.
"The auction was unbelievable; the prices we got were far higher than I expected," said company owner Robert von Drehnen.
"Everything was sold 100 percent unreserved, with no reserve prices. I had never sold equipment through Ritchie Bros. before but I was always impressed by how professional their operation was. I enjoyed dealing with them. Doing this dispersal through a Ritchie Bros. auction was a good choice because I sold everything in one day. At the end of the auction it was all gone, finished. I had closure. I would recommend Ritchie Bros.'services to anybody."
Among the other equipment sold at the unreserved public auction: crawler tractors, wheel loaders, motor graders, motor scrapers and skid steer loaders. Ritchie Bros. is conducting six other unreserved industrial auctions in three countries this week, including a large auction at the Company's sale site in Melbourne on March 20.
About Ritchie Bros.
Established in 1958, Ritchie Bros. is the world's largest auctioneer of industrial equipment, operating through over 110 locations in more than 25 countries around the world. The Company sells, through unreserved public auctions, a broad range of used and unused industrial assets, including equipment, trucks and other assets utilized in the construction, transportation, material handling, mining, forestry, petroleum, marine, real estate, and agricultural industries. The Company maintains a web site at www.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.
SOURCE: Ritchie Bros. Auctioneers Pty. Ltd. (Australia)
CONTACT:
Kim Schulz
Corporate Communications Manager
Ritchie Bros. Auctioneers
Head office tel: (604) 273-7564
or mob: (604) 788-5379
or email: kschulz(at)rbauction.com
Or Simon Ross
Regional Manager
Ritchie Bros. Auctioneers
Gold Coast auction site
tel: +61.7.3382.4444
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