MEDIA RELEASE PR37708
Ritchie Bros. Auctioneers to Open First Permanent Auction Site in Narita, Japan
NARITA, Jan. 6 /CNW-AsiaNet/ --
Company to hold Grand Opening unreserved public equipment auction at new
16.5-acre site and conduct free "How to Buy" seminars for interested buyers
Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world's largest industrial auctioneer, will be
celebrating the Grand Opening of its first permanent auction site in Japan (located at Taragai 245-2771, Narita
City, Chiba Prefecture) with an unreserved public equipment auction on Wednesday, January 27, 2010
starting at 9 a.m. (local time). An official ribbon cutting ceremony will also be held at the Narita auction site on
January 27, 2010 starting at 11:00 a.m. (local time).
"This is the first permanent auction site to be opened by Ritchie Bros.
Auctioneers in Japan and our 40th auction site to be developed globally. We
will be conducting regular auctions at the Narita site starting with the
January 27th sale," said Mike Scott, Area Manager, Ritchie Bros. "These
auctions will be unreserved meaning items will be sold with no minimum bids,
reserve prices or buybacks. The bidding crowd sets the prices on equipment on
auction day with every item being sold to the highest bidder. Holding these
unreserved public auctions in Narita will provide Japanese sellers with the
opportunity to sell their equipment to a global marketplace. Local buyers will
also benefit from our unreserved auctions by having greater access to the
equipment they need at fair market prices."
Equipment items currently consigned in the January 27th Narita auction
include: 50 unused 2008 New Holland TL5060 MFWD agricultural tractors, as well
as hydraulic excavators, crawler tractors and wheel loaders. Equipment is
consignments are still being accepted; owners interested in selling their
equipment in the auction can contact the Narita auction site at +81.476.490811
to make arrangements.
Items in the auction will be sold in Yen using the Company's proprietary
Virtual Ramp auction method. Items will be projected onto a large screen in
front of a bidding crowd seated inside a 570-seat auction theater located at
the Narita auction site. The theater is the first virtual-only auction theater
in the Company and part of 24,509-square foot on-site auction facility that
also includes office space and a check-in area for customer registration. The
16.5-acre Narita auction site, completely developed, also features an
additional facility for washing equipment.
Buyers interested in buying equipment featured in the January 27th
auction can bid in person at the Narita auction site on auction day or online
proxy by contacting the Narita auction site at +81.476.490811. The site will
also be open prior to auction day so customers can inspect, test and compare
the equipment for themselves.
Ritchie Bros. Auctioneers is also offering free "How to Buy" seminars at
the Narita site on Tuesday, January 26, 2010 starting at 2:00 p.m. The
seminars are open to the public and will help prepare buyers for the auction
by explaining how an unreserved auction works and how to bid on equipment and
trucks in person and online.
Headquartered in Vancouver, Canada, Ritchie Bros. Auctioneers has been
conducting unreserved public equipment auctions for more than 50 years. The
Company markets and sells equipment to buyers in more than 200 countries and
operates 110 locations worldwide, including 39 other auction sites. In 2009,
the Company conducted close to 330 unreserved auctions around the world,
selling close to (Yen)321 billion worth of equipment (approximately US$3.5
billion). In the past decade, Ritchie Bros. has also sold over 9,000 pieces of
equipment for more than 400 Japanese companies at its unreserved auctions
worldwide.
Grand Opening auction details:
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- Location: 245-2771 Taragai, Chiba Prefecture, Narita City
- Narita auction site phone: +81.476.490811
- Auction start time and date: 9:00 a.m. (local time); Wednesday,
January 27, 2010
- Official ribbon cutting time and date: 11:00 a.m. (local time);
Wednesday, January 27, 2010
- Open to the public. There is no charge for registration. Interested
bidders are required to place a deposit equaling 25% of the total
expected purchases, or (Yen)1,000,000, whichever is higher. Accepted
methods of payment include cash, bank guarantee, visa credit card or
cashier's check.
- International buyers can find logistic solutions by visiting
- Interested bidders can register to bid in person, over the internet
or by proxy. Visit the auction site to register to bid in person;
photo I.D. is required. On-site registration begins a few days before
the auction.
- Internet bidders must register online before auction day at
first-time internet bidders.
About the free "How to Buy" seminar:
------------------------------------
- Location: Narita Auction Theater - Ritchie Bros. permanent auction
site in Narita: 245-2771 Taragai, Chiba Prefecture, Narita City
- Registration: The event is free and open to the public. However, we
ask those interested in attending the seminar to email
narita(at)rbauction.com now to guarantee a seat at the workshop.
- Date: Tuesday, January 26, 2010. "How to Buy" Workshop starts
promptly at 2:00 p.m. (local time).
Equipment details, including photos, are available on the Ritchie Bros.
About Ritchie Bros.
Established in 1958, Ritchie Bros. Auctioneers (NYSE and TSX: RBA) is the
world's largest industrial auctioneer, selling more equipment to on-site and
online bidders than any other company in the world. The Company has over 110
locations in more than 25 countries, and now will have 40 auction sites
worldwide with the Narita addition. Ritchie Bros. sells, through unreserved
public auctions, a broad range of used and unused industrial assets, including
equipment, trucks and other assets utilized in the construction,
transportation, agricultural, material handling, mining, forestry, petroleum
SOURCE: Ritchie Bros. Auctioneers
CONTACT:
Kim Schulz,
Manager,
Corporate Communications,
Ritchie Bros. Auctioneers,
Phone: (778) 331-5442
or email kschulz(at)rbauction.com;
Or Mike Scott,
Area Manager,
Ritchie Bros. Auctioneers,
Narita auction site
tel: +81.476.490811
(RBA. RBA)
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