Ritchie Bros. returning to Boston for large crane auction
Ritchie Bros. Auctioneers is holding an unreserved public auction in Boston on June 10, 2009 starting at 9:00 a.m. local time. The Company, in business for more than 50 years, has held three other unreserved auctions in the city of Boston over the years – the last time was in 2003. This upcoming multi-million dollar unreserved public auction will feature the previous assets of Greystone Equipment LLC and equipment from other owners, including 16 large cranes. At the request of the State of Rhode Island court-appointed Receiver, Joseph P. Ferrucci, Esq., of the Providence law firm Ferrucci Russo P.C., Ritchie Bros. Auctioneers was hired to spearhead the auction process given its substantial experience and proven track record in unreserved auctions of this nature.
“This is the auction event of the year for the crane industry,” says Stephen O’Duggan, Territory Manager for Ritchie Bros. Auctioneers. “When it comes to selling this many large cranes, Ritchie Bros. is the best avenue for reaching a global audience and achieving world fair market value. We’ve been getting a lot of calls from interested buyers in England, Ireland, India, and across the United States. People are in need of this equipment because they still have jobs that use these machines, and this is a great selection of cranes..”
Among the large items being sold are a number of 300-ton cranes. These include a 2007 Link-Belt, sold brand-new in 2008 for $2.1 million, and two Manitowoc M250’s, which are worth $2.3 million each when brand new. Every item will be sold unreserved to the highest bidders on auction day regardless of price, with no reserve prices or minimum bids. According to Mr. O’Duggan, this auction is the first big grouping of large cranes on the market in this region in over four years.
“Since our auction site is between the Boston and Providence ports, it will be easy for buyers to transport these large cranes overseas, if needed,” said Mr. O’Duggan.
The auction site is still accepting new consignments for the sale. The unreserved auction will be open to the public and interested buyers can register in person at the site in Plainville, MA a few days before auction day or over the internet if they plan on bidding online during the auction.
Auction details: —————- – Location: 3 Belcher St, Plainville, MA. Auction Site Phone: +1.508.643.0194 – Time and date: 9:00 a.m. auction start on Wednesday, June 10, 2009. – Open to the public; registration to bid is free – Interested buyers can register to bid in person or over the internet days before the auction. Visit the auction site to register to bid in person; photo I.D. is required. Customers can inspect equipment during regular business hours leading up to the auction. – Internet bidders must register online before auction day at www.rbauction.com; at least 2-3 business days is recommended for first-time internet bidders – Equipment details, including photos, are available on the Ritchie Bros. web site: www.rbauction,com
Related posts:
- Ritchie Bros largest ever Australian auction
- Ritchie Bros. Fort Worth auction results
- Ritchie Bros. to hold large unreserved auction on site of former Vancouver, WA airport
- Bidders from 33 countries participate in Ritchie Bros Maryland auction
- Ritchie Bros. to conduct complete dispersal for George Schmid Sons in Vancouver