| More Than 4000 Bidders Attend the Ritchie Bros. Auctioneers Grande ...
GRANDE PRAIRIE, ALBERTA -- (MARKET WIRE) -- 04/23/07 -- Ritchie Bros. Auctioneers (TSX: RBA)(NYSE: RBA), the world's largest auctioneer of industrial and agricultural equipment, announces the results of its large Grande Prairie, Alberta auction held April 18 and 19, 2007. A record 4,300 registered bidders from 15 countries attended the unreserved auction. They came from all 10 Canadian provinces and two territories, as well as 31 U.S. states, generating over CA$26 million (US$23 million) in gross auction sales. The previous registered bidder record for the site was 2,300 people. "We usually hold separate agricultural and industrial auctions in Grande Prairie in the spring," says Ritchie Bros. Regional Manager Brian Podruzny. "We decided that instead of holding separate sales, we would combine them - which both buyers and sellers seemed to appreciate at the auction last week." More than 2,200 lots were sold over the two-day auction, with the first day concentrating on trucks and industrial equipment.
Property Auctions - A Good Bet For Buy-to-Let Investors?
Auctions for property have a long standing reputation as being a good place to get a bargain home or investment, due to the buildings having been repossessed or the owners needing a quick sale. However, those taking this route to purchase their next property should be aware that these places are often in need of refurbishment and even major structural work, so these costs must be factored into the highest bid. Most auctions used to take place in London, but in recent years there has been a surge in such sales and now the shrewd investor can find one in almost any locality. Some research carried out by a national website has found that properties sold through an auction are often sold as 40% less than their market value - although if a bidding war is initiated then the price rise dramatically.
Seagrove pottery to be auctioned on Saturday
The N.C. Pottery Center in Seagrove will hold its annual benefit auction 4-8 p.m. Saturday. "Going, Going, Gone To Pots!" will offer for sale about 200 pieces of contemporary and historical N.C. pottery. During the silent auction, from 4 to 6 p.m., there will be a catered light buffet. The Spare Time Band will provide live music. A live auction, with dessert and coffee available, will be held 6-8 p.m. Items can be seen through Saturday at the center or online at www.ncpotterycenter.com. Absentee bids will be accepted. Tickets are $35, $25 for members. For more information, call 336-873-8430. .
Toll spin-off Asciano to look overseas
Toll Holdings Ltd's proposed infrastructure spin-off, Asciano Ltd, will be seeking opportunities overseas, the new managing director of Asciano, Mark Rowsthorn, said. Mr Rowsthorn said Asciano was already part of a consortium bidding for a rail concession in the Middle East. He would not specify the country or give details. Mr Rowsthorn told reporters that there was scope for Asciano to expand in the transport of bulk commodities via rail in Australia, and there were also opportunities on the wharves given considerable activity in the expansion of ports. "We'll be participating in those," Mr Rowsthorn said. "As time marches on, we've already identified a number of international acquisitions that we'll participate in as well. "There is one particular one which isn't an acquisition - it's really part of a consortium bidding for a concession, a rail concession, in the Middle East.
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