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CON 243 – Intro to Heavy Equipment

Auction Assignment

This assignment will require you to attend a Ritchie Bros Equipment Auction being held on Wednesday September 13th,

2017 at 8:00 am (http://www.rbauction.com/web/rba/home). You will need to do the following:

• Obtain an Auction Listing Catalog, which lists all the equipment being auctioned off for that day. You will have

to register but that should not cost you anything. Turn into me a copy of the front page of your Auction Listing

Catalog which shows the unique bidding number you receive when you register.

• Follow the auctions of two different categories of equipment (i.e. scrapers, trucks, excavators, etc.) and track at

least 3 different pieces from each category. Record the following information regarding the sales of each piece.

o Lot number o Make, Model, Year o Final Sale Price

• For the categories of equipment you are tracking, provide me with a brief description of your observations of

the auction process. Take note of the differences between sales prices of the different pieces of equipment.

Look at other things such as what is the condition of the equipment, how many people are bidding on the items

and if you can tell who they are (i.e. what companies are buying)? Taking pictures of the various pieces is a

great way to illustrate differences between similar items so feel free to include pictures in your submission.

The Auction should last all day, but will conclude when the last piece of equipment is sold. You are free to come and go

at your convenience, but be sure to get there early so as not to miss it. The auction is open to the public and admission

is free.

Ritchie Brothers Auctioneers

5410 W Lower Buckeye Rd.

Phoenix, AZ 85043

http://maps.google.com/maps?f=q&source=s_q&hl=en&geocode=&q=5410+W+LOWER+BUCKEYE+RD,+phoenix,+az&aq=&sll=37.0625,-

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