Atlanta Auction Marks New Record for Ritchie Bros. Auctioneers.Business Editors ATLANTA--(BUSINESS WIRE)--Sept. 23, 2002 With gross auction sales of more than US$21 million, a two-day Ritchie Bros BROS Brothers BROS Benefits and Retirement Operations Section (King County, Washington) BROS Barnes and Richmond Operatic Society (London, UK) . (NYSE NYSE See: New York Stock Exchange :RBA RBA Rare Bird Alert RBA Reserve Bank of Australia RBA Run Book Automation RBA Rochester Business Alliance RBA Rights-Based Approach RBA Royal Brunei Airlines (ICAO code) RBA Relative Byte Address RBA relative binding affinity ) auction held in Atlanta, GA was the Company's largest sale ever at its auction facility in that city. The September 19th and 20th unreserved public auction attracted bidders from around the world. Coming from 18 countries and 44 U.S. states, 1,408 registered bidders competed for 1,861 trucks and equipment items. Buyers from outside the state of Georgia purchased 62% of the items up for bid. Of particular note was the high degree of online participation. Two hundred and forty seven (247) people registered to bid over the Internet using the Company's rbauctionBid-Live service and were the buyer or runner-up bidder on over 14% of the lots available to the Internet. They logged on from 42 US states and 8 countries, and purchased in excess of US$ 2.4 million of trucks and equipment, representing approximately 12% of total gross auction sales. "We had a great response from our on-site and online attendees. As a result, prices were strong for the larger equipment, as well as the late model dump trucks and mechanics service trucks," said Ken Duncan Ken Duncan (born 20 December 1954) is a Christian photographer from the Central Coast NSW, Australia. He is known for his Australian panoramic landscape shots. Renown for being the pioneer of breakthrough panoramic landscapes and Limited Edition photographic prints, he was , Regional Manager for Ritchie Bros. Auctioneers Ritchie Bros. Auctioneers (NYSE: RBA & TSX: RBA), sells, through unreserved public auctions, a broad range of used and unused industrial equipment including equipment utilized in the construction, transportation, material handling, mining, forestry, petroleum, marine, . "Moreover, several of the consignors commented on the value of our full range of auction-related services. In one case, we arranged for transportation, and recommended and conducted refurbishing that helped bring the seller higher results than he had expected." Forty-three (43) upcoming auctions line the Ritchie Bros. auction calendar-most allow for real time Internet bidding. To view equipment listings and find out about online bidding, visit the Ritchie Bros. web site, www.rbauction.com. Ritchie Bros. is the world's leading auctioneer of industrial equipment, operating through over 90 locations throughout North, South and Central America Central America, narrow, southernmost region (c.202,200 sq mi/523,698 sq km) of North America, linked to South America at Colombia. It separates the Caribbean from the Pacific. , Europe, Asia, Australia, Africa and the Middle East. The Company sells, through unreserved public auctions, a broad range of industrial equipment including equipment utilized in the construction, transportation, mining, forestry, petroleum and agricultural industries. Ritchie Bros. is a public company; its common shares trade on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors RBA. It maintains a web site at 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. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion