| 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.
FCMC Dinner Auction Nets $25000
Three hundred people packed the Hustontown Firehall on Saturday, April 14, for dinner and a chance to bid on more than three hundred silent and traditional auction items, all to benefit FCMCs new facility currently under construction. Those honored during the evening for their support and commitment over the past five years were Bonnie Mellott-Keefer, Helen Overly, Lyle Reed, Julia Dovey and the Hustontown Firehall and Ladies Auxiliary. Thanks to their efforts as well as everyone who attended the dinner auction each year, over $100,000 has been raised from this event alone for the new building project. Helping to make this years event a success was the addition of a gold sponsor. EMBARQ was the proud sponsor of this years auction, giving financial assistance to cover expenses, providing an auction item and supplying 30 door prizes of free phone cards for the lucky winners.
Online auction of Nicole Smith diaries fails
BEIJING, April 17 (Xinhuanet) -- Two bidders for two Anna Nicole Smith diaries pulled out of an online auction Saturday because of allegations the diaries had been stolen, an auction house spokesman said Sunday. The two diaries -- written in the early 1990s -- failed to sell and are now available for a minimum bid of 25,000 U.S. dollars each. "We have a buy-it-now situation," said Doug Norwine, the director of music and entertainment memorabilia at Heritage Auction Galleries of Dallas. Among the two bidders' concerns were allegations by Smith's lawyer/partner, Howard K. Stern, the diaries had been stolen and should be returned to her estate, Norwine explained. "They just got cold feet," he said.
Proxibid Breaks Live-Auction Records in March
Proxibid announced it broadcast 350 live auctions during the month of March, a new record for the company, and signed on an unprecedented number of new clients. Proxibid Inc. is a pioneer of live Internet bidding technology with a client list of more than 800 auctioneer house customers. The company said the number of online bidders on Proxibid in March also reached a record high. Proxibid's live bidding service is connected to an auction portal where auction companies can post their catalog for bidders to browse and search. The technology integrates seamlessly with the live auctions, allowing bidders to see, hear and participate in the auctions from the comfort of their home or office via the Internet. Proxibid client Ken Jackson, CAI, of The Auction Marketplace said, "We have realized an additional 40% gross revenue when we conduct live auctions with Proxibid versus revenues realized during a traditional auction." Proxibid client categories include antiques and collectibles, farm equipment, heavy machinery and real estate.
Barclays steps back from regulatory Dutch auction
It was pure coincidence that Monday's conference on principles-based regulation by Britain's Financial Services Authority clashed with Barclays' announcement of its agreed takeover of ABN Amro. But implicit in the reversal of the banks' earlier suggestion that the Dutch, not the British, would supply the lead regulator for the combined group is a basic principle that ought to guide any banks toying with a cross-border deal in future: regulation is not a bargaining chip to be traded along with the location of the head office, the number of board seats and the colour of the new logo. Barclays' and ABN's tactics in setting lead supervision by the Dutch as an outline objective of their discussions always looked suspect. The proposal jumped the gun and seemed certain to rile the FSA, which prides itself on being Europe's premier regulator.
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