| 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.
Kovels' List of Top Antiques Searches Reflect Current Events
Kovels has released the Top 20 list of antiques and collectibles for March based on results of hundreds of thousands of searches on its website. The top three searches - Pottery, Glass and Furniture - rarely change and are always the major areas of interest because they are useful antiques or collectibles found in every home. But the other items reflect a special interest often influenced by current news or auctions. For example, the recent ruling against selling war medals has created a problem for dealers and a change in prices of World War II souvenirs so it moved to number 10. The auctions of several large toy collections created extra publicity and interest in toy prices, and Toys made it into the 7th position. The entire top 20 list follows: Pottery and porcelain Glass Furniture Jewelry Bottles Metals Toys Prints, pictures, paintings, paper Royal Doulton World War II Stoves Coca-Cola Advertising Alabaster Silver plate Lighters Folk art Occupied Japan Weapons Music Kovels.com offers the Web's largest free price guide for antiques and collectibles.
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.
New-home builders try auctions, some online, as the market softens
Could something akin to eBay auctions be the next stop for new-home builders facing a glut of unsold properties? Inland builders in recent months have been cutting prices and throwing in extras such as free swimming pools to move their new houses in a slowing market. And recently, joining a national trend, some are finding success with public auctions, traditionally seen more as a way to sell artwork or rare antiques. Some of those builders are incorporating online elements into their auctions, giving Web shoppers a chance to bid in real time against the on-premises participants. .
Commissioners award mowing, street overlay bids
Meeting in continued session on Friday, Benton City Council members approved bill payment and awarded the mowing bid to Don Montgomery.Finance and Accounts Commissioner Charles Webster reported that four mowing bids were received - two for all 30 properties and the other two for partial mowing. Montgomery submitted a bid of $630 for all 30 properties, while Ray Galloway submitted an $800 bid for all properties.Bid specifications indicate the bidder must carry $500,000 in liability insurance, must list the city of Benton on the certificate of insurance, and must carry workers' compensation insurance, as applicable. Other specifications include picking up trash and debris before mowing, mowing grass when it is four inches tall, weed eat and rake as necessary, mow ditches when applicable, and mow in a pattern to not spread clippings on city streets.
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