Just got home from the auction yesterday, very dissapointing. Ritchie Bros grouped pumps together which I thought was dumb. 61 schwing, 60 concord, 58 schwing, and many others by boom size. Thought they might have done better doing them individually. They definately worked the pumps for a lot longer than any other equipment.

Rumor was RB bought the machines for 20 million?

I didn't add it all up but it was around 4 million yesterday time 5 auctions = 20 million on an average. Doesn't add up.

I watched online and formed the same opinion.There were some deals but overall they did pretty good.Yes,they really worked them hard (real hard).We shall see when the buyers run out of money but a good time to start updating some equipment.

Ritchies tends to group similar items together, (selling by choice) even though they may vary by year or horsepower, or other specifications.

The theory behind this is to get bidders to bid on their choice out of a group of machines, hoping that 2 bidders are bidding on two different top choices, and the possible fear that the 'high bidder' may take more than one.  They then open it up to the runner-up to take the next one a the high bid price.  Recently, they've also started letting anyone else grab one.  For the most part, you are better off to let them start the auction over again.

There was an instance during the sale of the 36M pumps,  lot 1906 sold for $80,000, lots 1907 & 1908 sold to the U.A.E. for $72,500 individually (but grouped 'choice'), then 1909 went for $77,500 to Israel. The last one sold for $65,000. 

There was only one 34M so it sold separately. 

The first 32M sold individually, then they sold the next 2 'choice'.  Go figure!!

You can tell they don't understand pumps, listing them online by the chassis make instead of pump make.

Would Pumpco's iron be considered 'cherry' enough to classify as an upgrade?  I think for the most part ,the iron was worked hard.  Maybe the most recent aquisitions would be in decent shape, but you'd have to know pumps to tell the difference.

As for RBA buying the fleet to sell, I doubt it very much - it was announced that they were 'former assets' of Pumpco, being sold on behalf of 'secured parties'.  I don't think that Ritchies would offer a sweet deal like that to the finance companies - why would they take the risk for the bank?  They would do it for a family company exiting business, as well as a stock-buyout (friendly take-over).  I think that would have been the best option for the Ainsworth's, but it went too far, getting the different creditors to agree to such an arangement would be nigh on impossible, they may well have tried that option too, and it couldn't work it out.

There was nothing "cherry" about those pumps, though some of the older pumps seemed in better shape than newer ones.  They have all been worked hard.

One putz even had a bent rear outrigger which wasn't mentioned.

Ritchie's just sells the iron, no warranties expressed or implied.  Buyers are responsible to inspect the equipment.  Nobody is 'forced' to bid, but there is a certain 'buzz' from bidding, I suppose much like gambling.  Unfortunately, there can also be a great deal of 'buyers remorse' after the purchase too. (BT,DT,GTT-s) 

Their primary responsibility (other than their own income) is their customer (consigner).  Gewtting the best price form the consigner's equipment also serves their own bottom line. 

pumpjockey 

Well lets see here.All i'm saying is rb worked this iron (bidding) way more than the other equipment.I have been to every rb/dayton roller auction for the last 5 years and I know the difference.I wonder why?Bottom line is profit.

For them to work that hard implies something.Example,when I sold out it went to rb (Denver).At that time all local (and I mean all) rental companies dumped there skidsteers.There was say 100 pieces,they didn't work the equipment at all.I figure that fact cost me a few grand.It may not be much to you but it was to me.

They spent WAY more time,this implies involvment of some sort.Start watching how much time they spend on other equipment and learn.