Ritchie Bros. Auctions Off Houston Site

March 2010 Vol. 65 No. 3

Ritchie Bros. Auctioneers is selling its former 40-acre auction site off the I-10 East Highway during an upcoming two-day unreserved public equipment auction at the company's new Houston permanent auction site, 15500 Eastex Freeway in Humble from March 24 to March 25 starting at 8:00 a.m. each day.

The land will be sold on Wednesday, March 24 to the highest bidder, regardless of price.

"There's no better way to demonstrate the value of our unreserved auction process than applying it to the sale of our former Houston auction site. Since there is no preset price for this property, it will be the bidding crowd that determines the final price of the land on auction day. Every bidder will have equal opportunity to place a bid and be successful in purchasing this one-of-a-kind piece of property," said Alan McVicker, Regional Manager for Ritchie Bros. Auctioneers.

Ritchie Bros. started conducting unreserved auctions at the site in 1992 but needed additional space to accommodate larger equipment and truck auctions. In February 2009, the company moved to the 130-acre site in Humble. The former auction site, located at 14218 I-10 East Highway, is within easy access to major transportation routes and within very close proximity to major Houston ports and will be sold as four different parcels of land.

In addition to the real estate property, the two-day unreserved auction will feature a large selection of pipeline equipment, crawler and rough terrain cranes, loader backhoes, crawler tractors, hydraulic excavators, wheel loaders, compaction machinery, forklifts and transportation equipment. New items will also be added to the sale right through to auction day. Interested buyers can inspect, test and compare equipment at the auction site. Every item in the auction, including the property, will be sold "as is, where is" with no minimum bids or reserve prices.

For more information, see the auction site.