Largest auction since 2007 kicks off in Fort Worth Sept. 23

by PegNews wire

Day 1 - September 23, 2009
  -   240+ pickups
  -   110 crawler tractors
  -   85+ wheel loaders
  -   55+ rollers
  -   50+ compactors
  -   25+ crawler loaders

Day 2 - September 24, 2009
  -   115+ hydraulic excavators
  -   115 loader backhoes
  -   95+ forklifts
  -   55+ skid steer loaders
  -   30 trenchers
  -   25+ rough terrain cranes

Day 3 - September 25, 2009
  -   370+ trailers
  -   260+ truck tractors
  -   110+ frac tanks
  -   90+ flatbed trucks
  -   60+ dump trucks

FORT WORTH — Ritchie Bros. Auctioneers, the world's largest industrial auctioneer, will be conducting a large, three-day, multi-million dollar unreserved public auction at its permanent auction site in Fort Worth from Wednesday, Sept. 23 to Friday, Sept. 25, starting at 8 a.m. each day. The upcoming auction marks the fourth auction the company has held in Fort Worth this year, and the largest number of items featured in a single Fort Worth auction since September 2007.

More than 3,800 items, including a large selection of late model construction and transportation equipment from over 400 equipment sellers, will be sold to the highest bidders on auction day. More items are being added to the auction daily. All items will be sold with no minimum bids or reserve prices.

"We have such a large selection of equipment in this upcoming auction that almost every industrial sector Ritchie Bros. serves is represented," said Kieran Holm, area manager, Ritchie Bros. Auctioneers. "There's simply no other venue than an unreserved auction of this scope and size that can offer equipment buyers such a fantastic line-up of late model, low hour equipment in one place and at one time."

More than 260 late model equipment items are being sold in the auction as part of a major realignment for Rodman Companies LLC, one of the largest excavation contractors based in North Texas. Late model equipment from Rodman includes: crawler tractors, wheel loaders, motor graders, hydraulic excavators, articulated dump trucks, compactors, directional drills, crushers, truck tractors and low-boy, end-dump, and vacuum trailers.

"With the state of the economy like it is, we have to downsize our fleet. The issue facing us is the volume of equipment already in the market place," said Mike Flowers, fleet manager, Rodman Companies LLC. "To give ourselves the greatest opportunity to sell our equipment for market value, we need to draw the largest audience of buyers possible. Ritchie Bros. emerged as the auction company of choice due to its loyal customer base and ability to attract bidders from all over the world. We are looking forward to auction day to see where all the bidders come from."

Other owners selling equipment in the Fort Worth auction include J K Dozer, United Rentals, and Halliburton Energy Services Inc.

Source: Ritchie Bros. Auctioneers