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Recent Auctioneers
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Damaged Rental Cars Resold |
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Written by Florida Auctions
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The South Florida Sun-Sentinel has an article up at their website to let people know about flood damaged cars that may have bee sold to consumers recently. From the article: State insurance officials are warning consumers that about 120 former rental cars damaged in accidents were cleaned up and put back on the market through what they say was a scheme conducted by an Orlando-area company. Financial Services spokeswoman Nina Banister said investigators don't know the extent of the damage for the cars, which would have been purchased since 2002 and include 2005 models of the Chrysler Pacifica and Chevrolet Impala.
"But there is a concern that there could be something wrong, in some cases, that would make these cars unsafe and the consumer would not know," she said.
If the previous damage was discovered after the new owner had an accident, Banister said, it could cause the insurance claim to be denied or lower the car's value. Allen Monello, education director of the Florida Independent Automobile Dealers Association, said used-car dealers and their customers are prime targets for damaged auto fraud because there is no national uniform title reporting system and paper titles are easy to alter.
The Florida Department of Financial Services is fielding phone calls to check the vehicle identification numbers of the autos possibly involved. But their investigation has a wide focus and currently covers 16 states. Some people need to learn to run the (VIN) before they even offer a vehicle for sale on their lots. Is there no regualtions on this? Read the full article here. |
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Ritchie Bros. Auctioneers Completes Successful Two-day Florida Sale |
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Written by Florida Auctions
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Ritchie Bros. Auctioneers (TSX: RBA)(NYSE: RBA), the world's largest industrial auctioneer, today announced the results of a two-day auction held at its permanent auction site in Orlando, Florida. This unreserved public auction, which sold over 2,200 items, generated gross auction sales in excess of US$39 million.
"We were pleased with the results of this sale," said Gary Seybold, Ritchie Bros. Florida Regional Manager. "It was our largest May sale ever at the Orlando location and was substantially larger than our May sale last year, which grossed $27 million." Over 1,500 registered bidders from all 50 states, 10 Canadian provinces and 43 countries - including the Netherlands, Saudi Arabia and Australia - participated in the May 23 and 24, 2006 auction.
According to Seybold, a wide range of equipment sold in both rings during the two-day sale, including articulated dump trucks, crawler tractors, hydraulic excavators, wheel loaders, generator sets and an extensive selection of both truck tractors and trailers.
Seybold went on to note, "People at the sale were impressed with the quantity and quality of equipment. We had a lot of buyers from Central and South America - bidding online and in person - which once again goes to show that our sales attract buyers from all over the world."
More than 580 internet bidders, using the Company's rbauctionBid-Live real-time bidding service, purchased over US$8 million worth of trucks and equipment items at the two-day sale. Internet participants were buyers or runner-up bidders on 25% of the lots available for online bidding.
There are over 26,000 truck and equipment items featured in 39 unreserved industrial auctions and 27 unreserved agricultural auctions in the upcoming Ritchie Bros. auction calendar. Details on all upcoming Ritchie Bros. auctions, including equipment that will be sold, are available on www.rbauction.com.
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Ticketmaster Auctions New Pricing for Ticket Prices |
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Written by Florida Auctions
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According to a NY Times article, ticketmaster is going to begin auctioning off the best tickets to events online. They claim it's to eliminate scalping, but in truth it guarantees every seat will be scalped for the highest price with all the money going to ticketmaster. It also eliminates the possibility of getting a decent seat by waiting in line or being lucky.
With no official price ceiling on such tickets, Ticketmaster will be able to compete with brokers and scalpers for the highest price a market will bear.
"The tickets are worth what they're worth," said John Pleasants, Ticketmaster's president and chief executive. "If somebody wants to charge $50 for a ticket, but it's actually worth $1,000 on eBay, the ticket's worth $1,000. I think more and more, our clients — the promoters, the clients in the buildings and the bands themselves — are saying to themselves, `Maybe that money should be coming to me instead of Bob the Broker.' "
Once the auction service goes live, Ticketmaster will receive flat fees or a percentage of the winning bids, to be decided with the operators of each event, said Sean Moriarty, Ticketmaster's executive vice president for products, technology and operations.
Industry watchers agree that auctions will affect all concertgoers. Prime seats are undervalued in the marketplace, said Alan B. Krueger, a professor at Princeton University's Woodrow Wilson School of Public and International Affairs, who has studied ticket prices. He predicts that once auctions begin revealing a ticket's market value, prices as a whole will climb faster.
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Everblades raise money for charity during jersey auction |
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Written by Florida Auctions
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ESTERO — ESTERO, FL – The Florida Everblades held their annual season-ending, game-worn jersey auction inside Breakaway’s Sports Pub last night at Germain Arena. The annual event raised $15,400 for area Southwest Florida charities. The game-worn jerseys auctioned off were the Everblades dark blue uniforms worn during all road games during the 2006 Kelly Cup Playoffs. The jerseys fetched from $200 - $3,000. Overall 29 game-worn jerseys were auctioned off with rookie goaltender Kevin Nastiuk’s jersey selling for the highest amount at $3,000. Ernie Hartlieb’s uniform raised $1,150 and defenseman Corey Neilson’s jersey sold for the third highest amount at $1,100. In addition long-time Everblades Brandon Coalter and Reggie Berg saw their uniforms each sell for $1,000. The majority of the money raised during the auction will be donated to the Deb Kelsey Fund and the Muscular Dystrophy Association. The Everblades will donate the remaining money raised to help fund other community efforts during the 2006-07 season.
Since their inception, the Everblades have now donated over $295,000 to local charities through several community outreach programs including the charity jersey auctions.
Deposits are now being accepted for 2006-07 Florida Everblades season tickets. For just $50 per/seat you can reserve your piece of the action for next season! Visit www.floridaeverblades.com and www.germainarena.com for more information on ticket packages, pricing and upcoming Germain Arena events. |
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Flood damaged cars come to market |
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Written by Florida Auctions
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The LATimes has a article about police and insurance officials trying to keep thousands of vehicles damaged by Hurricane Katrina from being resold. From the article: "As the vast vehicular wreckage wrought by Hurricane Katrina is carted away, law enforcement and insurance officials are anticipating the arrival of tens of thousands of those vehicles on used-car lots across the nation."
Already there is anecdotal evidence of flood-damaged vehicles turning up on lots in Florida, Arizona, New York and Oklahoma, authorities said. Two months ago, at least seven 2005 Nissans listed in the National Insurance Crime Bureau database as hurricane-damaged were sold at an auction in Los Angeles.
A task force of insurance investigators and Louisiana law enforcement officials is building a database of flooded cars to try to prevent vehicles from being spruced up and foisted upon unsuspecting used-car buyers. The database at http://www.nicb.org lists more than 205,000 vehicles.
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