|By PR Newswire||
|April 11, 2014 07:00 AM EDT||
Large selection of equipment attracts more than 5,000 bidders from 32 countries to two-day unreserved public auction in Grande Prairie, AB (April 9 - 10, 2014)
GRANDE PRAIRIE, AB, April 11, 2014 /PRNewswire/ - Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world's largest industrial auctioneer, sold more than CA$40 million (US$37+ million) of equipment items and trucks at an unreserved public auction in Grande Prairie, AB on April 9 - 10, 2014. More than 2,350 trucks and equipment items were sold in the auction—with each and every item being sold to the highest bidder, regardless of price—without minimum bids or reserve prices. Bids in the auction were made in person at the auction site, online at www.rbauction.com and by proxy.
"It was a fantastic sale to kick-off the auction season in Grande Prairie and a great effort from our entire team," said Blair Gogowich, Regional Sales Manager, Ritchie Bros. Auctioneers. "We had an excellent selection of equipment from some great homes. Pricing was strong across the board with outstanding results for our sellers. This sale featured a large selection of equipment that was job-ready and as a result, this is truly a win-win situation for buyers and sellers."
Bidders from outside Alberta purchased close to CA$11.5 million or 28 percent of total gross auction proceeds. More than 2,750 of the bidders taking part in the auction registered to bid online and purchased more than CA$18 million (US$16.5 million) or 44 percent of equipment available online.
Equipment highlights in the two-day Grande Prairie auction included:
- 2013 Kenworth T800 5400 Gallon Tri Drive Water Truck that sold for CA$270,000 (US$246,900)
- 2011 Kenworth T800B T/A Sleeper Winch Tractor that sold for CA$190,000 (US$173,800)
- Two 2013 Peterbilt 367 T/A Vacuum Trucks that sold for CA$240,000 (US$219,540) each
- Six 2013 John Deere 9560R 4WD Tractors that sold for between CA$265,000 - $347,500 (US$242,410 - $317,880) each
- Four 2011 Caterpillar 730 6x6 Articulated Dump Trucks that sold for between CA$187,500 - $270,000 (US$171,516 -- $246,983) each
- a 1998 D8R Series II Crawler Tractor that sold for CA$270,000 (US$246,900)
- a 2013 Caterpillar 336DL Hydraulic Excavator that sold for CA$347,500 (US$317,754)
- Seven parcels of commercial property (16.082+/- deeded acres) in Rainbow Lake, AB that sold for more than CA$1 million (US$914,671)
David "Duffy" Driedger, owner of Duffy Enterprises - a construction operation based in Rainbow Lake, AB, sold more than 250 trucks, trailers and equipment items as well as his real estate in a complete dispersal at the auction.
"I've been a buyer and seller at Ritchie Bros. auctions for more than 17 years," said Driedger. "There are mixed feelings today as now I'm out of the business. But the sale exceeded my expectations and now it's time to spend more time with my wife and boys and I'm looking forward to that."
With that being said, he also purchased 100 acres of land at the unreserved auction and plans to develop it.
"You can't get it out of your blood, just like that," he said. "I'll be at the next auction too, I'm sure."
AUCTION QUICK FACTS: GRANDE PRAIRIE, AB - APRIL 9 & 10, 2014
- Gross Auction Proceeds - CA$40+ million (US$37+ million)
- Amount sold to online bidders - CA$18+ million (US$16.5 million) or 44 percent of total sales
- Unique bidders (total) - 5,000+
- Unique online bidders - 2,750+
- Lots sold - 2,350+
The Ritchie Bros. auction calendar currently features 120+ unreserved public auctions around the world, including the Company's next Grande Prairie unreserved public auction, which is scheduled for June 25 - 26, 2014.
Visit rbauction.com for a complete list of upcoming auctions around the world.
About Ritchie Bros.
Established in 1958, Ritchie Bros. (NYSE and TSX: RBA) is the world's largest seller of used equipment for the construction, transportation, agriculture, material handling, energy, mining, forestry, marine and other industries. Ritchie Bros. TM solutions make it easy for the world's builders to buy and sell equipment with confidence, including live unreserved public auctions with on-site and online bidding (rbauction.com), the EquipmentOneTM secure online marketplace (EquipmentOne.com), a professional corporate asset management program, and a range of value-added services, including equipment financing for customers through Ritchie Bros. Financial Services (rbauctionfinance.com). Ritchie Bros. has operations in more than 25 countries, including 44 auction sites worldwide. Learn more at RitchieBros.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.
SOURCE Ritchie Bros. Auctioneers
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor - all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
Dec. 11, 2016 09:00 AM EST Reads: 613
"MathFreeOn.com is a line coding platform for engineers and scientists. When they want to solve an engineering problem and they have to use software - they have to pay a lot of money for licenses - but with MathFreeOn you don't have to pay a lot of money. Just go to our site and write the code and you can check the result right away," explained Simon Lee, CMO of MathFreeOn, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Cla...
Dec. 11, 2016 08:45 AM EST Reads: 566
Enterprise IT has been in the era of Hybrid Cloud for some time now. But it seems most conversations about Hybrid are focused on integrating AWS, Microsoft Azure, or Google ECM into existing on-premises systems. Where is all the Private Cloud? What do technology providers need to do to make their offerings more compelling? How should enterprise IT executives and buyers define their focus, needs, and roadmap, and communicate that clearly to the providers?
Dec. 11, 2016 08:00 AM EST Reads: 803
The many IoT deployments around the world are busy integrating smart devices and sensors into their enterprise IT infrastructures. Yet all of this technology – and there are an amazing number of choices – is of no use without the software to gather, communicate, and analyze the new data flows. Without software, there is no IT. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, Dave McCarthy, Director of Products at Bsquare Corporation; Alan Williamson, Principal...
Dec. 11, 2016 07:30 AM EST Reads: 776
Video experiences should be unique and exciting! But that doesn’t mean you need to patch all the pieces yourself. Users demand rich and engaging experiences and new ways to connect with you. But creating robust video applications at scale can be complicated, time-consuming and expensive. In his session at @ThingsExpo, Zohar Babin, Vice President of Platform, Ecosystem and Community at Kaltura, discussed how VPaaS enables you to move fast, creating scalable video experiences that reach your aud...
Dec. 11, 2016 07:00 AM EST Reads: 495
Get deep visibility into the performance of your databases and expert advice for performance optimization and tuning. You can't get application performance without database performance. Give everyone on the team a comprehensive view of how every aspect of the system affects performance across SQL database operations, host server and OS, virtualization resources and storage I/O. Quickly find bottlenecks and troubleshoot complex problems.
Dec. 11, 2016 06:45 AM EST Reads: 2,324
President Obama recently announced the launch of a new national awareness campaign to "encourage more Americans to move beyond passwords – adding an extra layer of security like a fingerprint or codes sent to your cellphone." The shift from single passwords to multi-factor authentication couldn’t be timelier or more strategic. This session will focus on why passwords alone are no longer effective, and why the time to act is now. In his session at 19th Cloud Expo, Chris Webber, security strateg...
Dec. 11, 2016 05:45 AM EST Reads: 744
Amazon has gradually rolled out parts of its IoT offerings in the last year, but these are just the tip of the iceberg. In addition to optimizing their back-end AWS offerings, Amazon is laying the ground work to be a major force in IoT – especially in the connected home and office. Amazon is extending its reach by building on its dominant Cloud IoT platform, its Dash Button strategy, recently announced Replenishment Services, the Echo/Alexa voice recognition control platform, the 6-7 strategic...
Dec. 11, 2016 05:30 AM EST Reads: 750
"We are an all-flash array storage provider but our focus has been on VM-aware storage specifically for virtualized applications," stated Dhiraj Sehgal of Tintri in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 11, 2016 05:00 AM EST Reads: 1,191
"We are a leader in the market space called network visibility solutions - it enables monitoring tools and Big Data analysis to access the data and be able to see the performance," explained Shay Morag, VP of Sales and Marketing at Niagara Networks, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 11, 2016 04:45 AM EST Reads: 682
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
Dec. 11, 2016 04:30 AM EST Reads: 884
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smart...
Dec. 11, 2016 03:30 AM EST Reads: 1,176
Complete Internet of Things (IoT) embedded device security is not just about the device but involves the entire product’s identity, data and control integrity, and services traversing the cloud. A device can no longer be looked at as an island; it is a part of a system. In fact, given the cross-domain interactions enabled by IoT it could be a part of many systems. Also, depending on where the device is deployed, for example, in the office building versus a factory floor or oil field, security ha...
Dec. 11, 2016 03:00 AM EST Reads: 816
An IoT product’s log files speak volumes about what’s happening with your products in the field, pinpointing current and potential issues, and enabling you to predict failures and save millions of dollars in inventory. But until recently, no one knew how to listen. In his session at @ThingsExpo, Dan Gettens, Chief Research Officer at OnProcess, discussed recent research by Massachusetts Institute of Technology and OnProcess Technology, where MIT created a new, breakthrough analytics model for s...
Dec. 11, 2016 02:45 AM EST Reads: 926
In IT, we sometimes coin terms for things before we know exactly what they are and how they’ll be used. The resulting terms may capture a common set of aspirations and goals – as “cloud” did broadly for on-demand, self-service, and flexible computing. But such a term can also lump together diverse and even competing practices, technologies, and priorities to the point where important distinctions are glossed over and lost.
Dec. 11, 2016 02:45 AM EST Reads: 1,808