Collectors are eagerly awaiting the first sale of rare and exceptional Coins and Banknotes to bepresented by Bonhams New York. Taking place on December 3rd, the sale consists of over 400 lots ranging from 1692 to the early 21st-Century.
Amongst the most coveted lots will be an exceptionally rare 1796 $10 so-called “Eagle” graded. Bright green-gold […]
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Bonhams Coins and Banknotes Auction
OPENLANE, Inc., a leading online auction company in North America for automotive dealers to buy and sell wholesale vehicles, today announced that Ford Motor Credit Company is now making its off-lease inventory available on OPENLANE’s open auction site, www.openlane.com. This further expands the longstanding business between the two companies and provides dealers across the United […]
Kennedy Wilson Auction Group, a division of the international real estate services and investment company Kennedy Wilson, announces the formation of its Commercial Auction Division. Clifford Smith, senior vice president of Kennedy Wilson’s Commercial Investment Group (KW Investments), has been appointed to lead the commercial auction division, according to Rhett Winchell, president of the Auction Group. “We’re excited about this newly formed division, and confident that we’ll be able to utilize our expertise to generate a significant volume of commercial real estate auction activity which will have a positive effect on the current real estate market,” said Winchell.
Kennedy Wilson Auction Group was recently retained by Pfizer Inc. to dispose of 6901 Portage Road, a 364,000± square foot facility located in Portage, Michigan. Subject to the terms of the offering, the proposed auction format offers the property for sale to the most qualified bidder regardless of price. The transaction was structured to sell this Pfizer surplus office building without a reserve price to maximize the largest group of interested investors, said Smith. Sealed bids will be received by Kennedy Wilson Auction Group by noon PDT on June 16, 2009 with the conclusion of the best and final bid by 5:00 pm PDT on Friday, June 19, 2009. The Commercial Auction Division has acquired and sold over $5 billion in assets throughout the United States and Japan.
Commercial investments and brokerage have long been a part of Kennedy Wilson’s business activity. KW Investments includes fund management and advisory services for value-added and core-portfolio investments, commercial and multifamily residential property acquisitions and note purchases. Kennedy Wilson specializes in developing and executing disposition strategies for real estate assets owned in portfolios or as single assets by institutions, corporations or individuals. Maximum asset value is achieved for clients by a thorough underwriting of the subject properties, utilization of proper marketing channels to ensure full exposure to prospective purchasers and, often, sealed-bid sales to promote competition among interested parties. Any interested party who would like further information should contact Clifford Smith at 310-887-3438.
Founded in 1977, Kennedy Wilson is a real estate services and investment firm headquartered in Beverly Hills, CA, with 20 offices throughout the U.S. and Japan. It seeks opportunities in partnership with clients in pursuit of above-market investor returns and higher real estate values. Kennedy Wilson Auction Group has been a leading force in the auction industry since 1977. Since inception, the Kennedy Wilson Auction Group has conducted thousands of successful auctions of residential and commercial properties throughout the United States, Europe and Asia. It conducts ballroom style, site-to-site, and on-line auctions for all types of real estate.
Vist www.kwiauctions.com, www.bidkw.com or www.kennedywilson.com for further information.
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Kennedy Wilson Auction Group Creates Commercial Division
Ritchie Bros. Auctioneers , the world’s largest industrial auctioneer, conducted the largest Dubai, United Arab Emirates and Denver, Colorado auctions in Company history last week. Ritchie Bros. (www.rbauction.com) sold almost US$46 million of equipment in Dubai (June 1 - 3, 2009) and almost US$35 million of equipment in Denver (June 4 & 5). The Company conducted nine other unreserved public auctions around the world last week, including an auction in Moncofa, Spain that generated almost (euro)21 million (US$29 million) in gross auction proceeds (June 4 & 5).
DUBAI, UAE - Almost 700 people from 50 countries registered to bid in person or online at the unreserved auction conducted by Ritchie Bros. at its auction site in Dubai from June 1 - 3, 2009. Ritchie Bros. sold almost 2,300 heavy equipment items and trucks over three days, generating almost US$46 million in gross auction proceeds. Out-of-country bidders purchased more than US$30 million of equipment (67 percent). The majority of the equipment went to buyers from the Middle East, and there were buyers on-site at the auction from as far away as Australia, India and Singapore.
“The auction went exceptionally well,” said Steve Barritt, Ritchie Bros. Regional Manager. “This was our first Dubai auction in which we sold more equipment to buyers from outside the United Arab Emirates than within. Demand for equipment has been so high for so long in the UAE. While that demand has slowed recently, it is still strong in the surrounding Gulf countries and elsewhere in the world. By selling through Ritchie Bros., our local consignors were still able to reach those areas of strength and achieve strong returns on their surplus assets, despite the local slowdown.”
DENVER, COLORADO - Ritchie Bros. conducted the largest Colorado auction in Company history last week, selling almost US$35 million of equipment and trucks at its permanent auction site in Denver on June 4 & 5, 2009. Almost 3,000 people from 24 countries, including 48 U.S. states, registered to bid in the unreserved public auction. About 1,900 registered to bid in person; the other 1,100 registered to bid online in real time. Online bidders purchased more than US$11 million of equipment - another Denver site record. Bidders from as far away as Australia, France and the United Arab Emirates registered to bid on almost 1,900 items, including more than a dozen cranes.
“A record-breaking auction needs two things: a quality lineup of equipment and competing bidders who want to own it; we had both in Denver last week,” said Steve Merich, Ritchie Bros. Regional Manager. “Our global marketing strategy reaches potential buyers from across the U.S. and around the world. People will look far afield to find the right equipment at fair market prices. That’s what our unreserved auctions offer, whether the auction is in Denver or Dubai. There was a lot of talk about the strength of pricing here in Denver last week, which underscores the importance of reaching that global bidding audience when you’re selling in a slow economy.”
MONCOFA, SPAIN - Ritchie Bros. welcomed an international crowd to the three-day unreserved public auction at its auction site in Moncofa, Spain on June 3 - 5, 2009. More than 1,000 people from 45 countries registered to bid in person or online on more than 2,900 heavy equipment items and trucks. The auction generated almost (euro)21 million (US$29 million) in gross auction proceeds. Bidders from outside Spain purchased close to (euro)12 million (US$17 million) of equipment. The auction featured equipment from Hertz and about 290 other dealers, rental companies and contractors.
“Once again, we attracted a large international crowd of on-site and online bidders to our Moncofa auction site,” said Jeroen Rijk, Ritchie Bros. Divisional Manager. “Active bidding from a diverse audience of bidders helped us deliver strong returns for our consignors. Trucks and truck cranes sold particularly well. With the local slowdown, awareness of our unreserved auctions and demand for our services has increased in Spain. That’s why we’re opening a second auction site in Spain, in Ocana. We’re looking forward to conducting our first auction there in July.”
There are 73 unreserved Ritchie Bros. auctions on the auction calendar at www.rbauction.com, including the first auction at the Company’s new auction site in Ocana, Spain (July 3, 2009).
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Ritchie Bros. conducts largest Dubai and Denver auctions in company history
The Post-War and Contemporary Art Evening Auction will take place at Christie’s on 30 June 2009 and will offer 41 lots including exceptional and significant works by Jean-Michel Basquiat, Peter Doig, Lucio Fontana, Andreas Gursky, Damien Hirst, Yves Klein, Jeff Koons, Richard Prince, Gerhard Richter, Cy Twombly and Andy Warhol. The first auction to take […]
