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Surplus Record is exclusively a publisher, and offers advertising services to Dealers, Auctioneers, Public Utility, and Manufacturers who want to sell their machinery, electrical, and power equipment through listings on the website as well as a monthly publication circulated to 55,000 manufacturers each month and 130,000 unique manufacturers over the course of a year. [7]
An early record was achieved in the 1880s for the sale of the Philadelphia Post Office building for $425,000, then a record for a piece of real estate at auction. [5] Through the 1990s, Freeman's was driven by high volume. The house would sell 50,000 lots a year, at an average of $110 per lot, and make $5.5 million.
The brothers began conducting auctions more regularly and in 1958 incorporated Ritchie Bros. Auction Galleries Ltd. to formalize their new business. [4]: 17 Ritchie Bros. began selling used equipment in the 1960s. In 1963 Dave Ritchie moved to Vancouver, B.C. and rented an auction site on S.E. Marine Drive. He set up the company's first ...
Tax sale: seized assets; Court auction: items sold to satisfy a court judgment, like storage contents of not-paying tenants; Insolvent companies where the government is the liquidator (e.g. official receiver) Unowned property; Often goods sold at government auctions will be unreserved, meaning that they will be sold to the highest bidder at the ...
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Mecum Auctions was founded in 1988 by Dana Mecum, [1] a car enthusiast whose father operated a dealership in Marengo, Illinois. [2] [3] Dana Mecum initially bought 40 semi-trailer trucks in the 1980s, and traded 10 of them for four houses which he rented out.
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