Auctions

Tue March 18, 2008

Ritchie Bros. Gross Auction Proceeds Topped $3 Billion; 17 Percent Increase

Ritchie Bros. Auctioneers Incorporated achieved net earnings of $76 million, or $2.17 per diluted weighted average share, for the year ended Dec. 31, 2007, representing growth of 33 percent over 2006 net earnings of $57.2 million, or $1.64 per diluted weighted average share....

Wed March 19, 2008

Ritchie Bros. Hosts Iron Sale at Perris, Calif., Location

Ritchie Bros. Auctioneers hosted an unreserved sale at the company’s Perris, Calif., location Feb. 26 and 27. More than 2,500 people from 25 countries, including 40 U.S. states and 12 Canadian provinces and territories, registered for the two-day event....

Tue March 11, 2008

Ritchie Bros. Breaks Record as Florida Auctions End

Ritchie Bros. Auctioneers conducted the largest auction in its 50-year history, selling almost 6,200 lots over five days for total gross auction proceeds in excess of $190 million. The company sold more than $51 million of trucks and heavy equipment on day three of the auction: the most equipment ever sold at a Ritchie Bros....

Sat March 01, 2008

Proxibid Puts New Spin on Bidding

Based in Omaha, Neb., Proxibid provides the auction industry with a turn-key, live Internet bidding alternative for companies of all sizes. Since the company’s first live online auction in January 2003, Proxibid has provided live auction Webcasts for more than 1,100 auctioneers across the United States....

Fri February 29, 2008

I.R.A.Y. Receives Awards at Five-Day Event in Minn.

Minnesota State Auctioneer’s Association Conference took place Jan. 23 to 27 in Bloomington, Minn. During the five-day event, Auctioneer Ray Henry of I.R.A.Y. Auction received multiple awards such as first place for auction clothing as well as first and second place awards for various auction flyers....

Mon February 18, 2008

IronPlanet Reports Record Growth in ’07

IronPlanet, a leading online auction company for used construction and agricultural equipment, continued to gain significant marketplace momentum in 2007, with gross auction sales of $231 million, an increase of more than 42 percent over 2006....

Wed February 13, 2008

Ritchie Bros. Preps for Orlando Auction

Ritchie Bros. Auctioneers will conduct a large unreserved industrial auction at its permanent auction site in Orlando, Fla. from Feb. 19 to 23. A Ritchie Bros. auction held during February last year in Orlando broke worldwide records, generating gross auction proceeds of more than $172 million....

Thu February 14, 2008

NUCA Expo Unites Contractors, Manufacturers

The National Utility Contractors Association (NUCA) broke new ground this year with Utility Construction EXPO ’08 in Kauai, Hawaii, Jan. 15 to 19. The event was dubbed the “Executive Experience” and was held at the Grand Hyatt Kauai Resort & Spa in Kauai, Hawaii....

Tue January 22, 2008

Ritchie Bros. Celebrates 50th Anniversary, 10th Year on NYSE

Ritchie Bros. Auctioneers celebrated its 50th anniversary in the auction business and 10th anniversary as a publicly traded company by ringing the Closing Bell at the New York Stock Exchange Jan. 14. Ritchie Bros....

Wed January 02, 2008

Ritchie Bros. Gross Auction Proceeds Increase 17 Percent

Ritchie Bros. Auctioneers announced Dec. 20 the conclusion of its 2007 auction calendar with a preliminary estimate of $3.18 billion in gross auction proceeds for the year, a 17 percent increase compared to last year’s result....