The Ritchie Bros. Auctioneer site will once again be buzzing with up to 1,000 bidders, heavy equipment and vehicles during its quarterly auction all day tomorrow.
Four times a year the worldwide auctioneering firm comes to town to sell off its items for unreserved bids - there's no offer too low, items go to the highest bidder.
This time around, people can expect over 1,150 equipment items and trucks being sold for over 200 equipment owners, including Clusko Logging Enterprises Ltd., JF Logging Ltd., Pennecon Heavy Civil Ltd.
Among the most popular items is logging equipment like feller bunchers, skidders, log loaders, log trailers and sawmill equipment.
Also in competition is construction equipment, including wheel loaders, hydraulic excavators, crawler tractors and dump trucks.
Transportation items are also a favourite with pickup trucks, truck tractors, dump trucks, and service trucks.
The Ritchie Bros. site's 60 acres, established in 2003 at 1434 Old Cariboo Highway at Highway 16, is housing the equipment on the auction block and will be swarming with competing buyers, who totaled over 1,000 during the last December's auction, starting at 8 a.m. Thursday.
Interested buyers can come to the auction site to inspect, test and compare items.
Individuals can register and bid in person on site, online at rbauction.com or by proxy.
The auction is open to the public, registration to bid is free and a refundable bid deposit may be required.
For more information, go to the Prince George auction site landing page at www.rbauction.com/equipment-auctions-en_US/PRINCE-GEORGE-BC-2011168.
ABOUT RITCHIE BROS.
The company conducted 37 industrial auctions in 11 countries throughout North America, Europe, the Middle East, Central America and Australia during the first quarter of 2011. And it paid off.
For the three months ended March 31, 2011, gross auction proceeds were U.S. $851 million, 10 per cent higher than in the same period in 2010.
Excluding gross auction proceeds of $47 million from the sale of the megayacht Apoise in the first quarter of 2010, the increase would have been 17 per cent.
The company's auction revenues for the three months ended March 31, 2011 were $88.5 million, compared to $83.5 million for the same period in 2010.
Established in 1958, Ritchie Bros. Auctioneers (NYSE and TSX: RBA) is the world's largest industrial auctioneer, selling more equipment to on-site and online bidders than any other company in the world.
The company has over 110 locations in more than 25 countries, including 43 auction sites worldwide.
