Optimism at US$138 million Ritchie Bros. used equipment auction in Orlando
finance.yahoo.com
ORLANDO, FL, Feb. 22 /PRNewswire-FirstCall/ - More than 7,000 people from over 75 countries registered to bid on US$138 million of used equipment and trucks sold at an unreserved public auction conducted by Ritchie Bros. Auctioneers (NYSE and TSX: RBA) in Orlando, Florida last week (February 15 - 19, 2010). Thousands of people visited Ritchie Bros.' permanent auction site to inspect more than 7,200 equipment items and bid in person; thousands more participated online at www.rbauction.com. Bidders from outside Florida purchased US$118 million of equipment (85 percent), including US$61 million purchased by out-of-country bidders (44 percent).
"There was such a positive atmosphere at the auction: we had a huge international crowd at the site, with active bidding online; buyers were impressed with the selection of equipment and the fairness of the bidding and sellers were pleased with solid pricing," said Steve Kriebel, Ritchie Bros. Regional Manager. "We had thousands of people bidding on all five days of the auction, and they came from all over North America and the world. Thanks to the size and diversity of the bidding audience at the auction, pricing was strong across all equipment categories. This auction exceeded our expectations in pretty much every respect. We experienced overall growth in Orlando in 2009 compared to the prior year, and 2010 is off to a good start." |
