Company looks to increase number of auctions in the region
SAN ANTONIO, TX, March 17 /PRNewswire/ - Ritchie Bros. Auctioneers , the world's largest industrial auctioneer, will conduct an unreserved public auction in San Antonio, Texas on April 1, 2011 starting at 9:00 a.m. The auction, to be held at 9702 IH 10 East in Converse, TX, will feature 250+ heavy equipment items and trucks from several consignors, including Hunter Industries and Olmos Construction. Bids on items can be made in person at the auction site, online in real time at www.rbauction.com or by proxy.
Ritchie Bros. has conducted a total of eight auctions in San Antonio, Texas since holding the Company's first auction there in 1983--four of these auctions have been conducted since 2007. The last San Antonio auction, held in October of last year, attracted more than 750 bidders from 26 countries. In total, San Antonio auctions have attracted 2,600+ registered bidders over the years, generating approximately US$13.8 million in gross auction proceeds.
"We've been developing our presence in the San Antonio area since 2007 with at least one to two unreserved auctions a year," said Alan McVicker, Regional Manager, Ritchie Bros. Auctioneers. "Recently, we signed a lease on the Converse property and plan to hold two auctions this year and possibly three auctions next year at the site. This will allow our customers in the area to sell their equipment closer to home while still reaching local and global bidders."
In addition to conducting unreserved auctions at its 43 auction sites worldwide, Ritchie Bros. provides full auction services to all consignors at offsite auctions, including in this region where there is strong demand. In 2010, off-site auctions accounted for approximately 25 percent of the total number of industrial auctions conducted by the Company, generating approximately US$221 million in gross auction proceeds.
Equipment highlights in the April 1 San Antonio, TX auction include 15+ wheel loaders, motor graders, rock trucks, water wagons, pressure washers, crawler tractors, crawler loaders, pulverizers, rough terrain forklifts and a selection of transportation equipment. Each item will be sold to the highest bidder--regardless of price--with no minimum bids or reserve prices.
Consignments are still being accepted; owners interested in selling equipment in the auction can contact the San Antonio auction site at +1.210.662.8900 to discuss their options.
San Antonio auction details:
-- Location: 9702 IH 10 East, Converse, TX 78109 -- Auction site tel: +1.210.662.8900 -- Time and date: Friday, April 1, 2011. Auction start time: 9:00 a.m. -- The auction is open to the public; registration to bid is free; a refundable bid deposit may be required -- How to register and bid: o In person at the auction site o Online at rbauction.com - register in advance and bid online in real time on auction day; a refundable bid deposit may be required; first-time bidders should register several days in advance of the auction o By proxy - phone the auction site to place a proxy bid -- Interested buyers can come to the auction site to inspect, test and compare items for themselves from Monday - Friday, 8 a.m. - 5:00 p.m. -- Full auction and equipment details, specifications and photos are available at www.rbauction.com
About Ritchie Bros.
Established in 1958, Ritchie Bros. Auctioneers
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 43 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 for use at http://www.rbauction.com/media.
Members of the public and the media can follow Ritchie Bros. on Twitter @RitchieBros.
Ritchie Bros. Auctioneers
CONTACT: Jose Vargas, Corporate Communications Specialist, Ritchie Bros.
Auctioneers
Phone: +1.778.331.5439 or email jvargas@rbauction.com
Or
Alan McVicker, Regional Manager, Ritchie Bros. Auctioneers
Phone: +1.210.662.8900 or email amcvicker@rbauction.com
