Ritchie Bros. Conducts First Combined Unreserved Industrial Auction in Dubai and Singapore
biz.yahoo.com
Wednesday September 5, 7:00 am ET
DUBAI, United Arab Emirates--(BUSINESS WIRE)--For the first time ever, Ritchie Bros. Auctioneers (NYSE: RBA; TSX: RBA) combined two unreserved industrial auctions, enabling customers in the Middle East to bid live on a wide selection of heavy equipment items being sold at auctions in Dubai and Singapore on the same day. Ritchie Bros., the world's largest industrial auctioneer, conducted the multi-million dollar combined auction on September 3, 2007 as Day One of a two-day sale at the Company's Dubai auction site.
The unreserved Dubai auction featured 1,783 lots and generated over US$26 million in gross auction proceeds. More than 500 registered bidders from 47 countries, including 14 U.S. states and five Canadian provinces, attended the auction either in person or via the internet. Eighty-six of the registered bidders participated in the auction live and online, using the Company's online bidding service, rbauctionBid-Live.
The unreserved Singapore auction featured 74 lots and generated more than US$6 million in gross auction proceeds. More than 180 registered bidders from 31 countries, including eight U.S. states and four Canadian provinces, attended the auction either in person or via the internet. Fifty-five of the registered bidders participated in the auction live and online, using rbauctionBid-Live. |
