Ritchie Bros. to Expand Auction Facilities at Las Vegas Site

Ritchie Bros. Auctioneers, Vancouver, British Columbia, will begin construction on more permanent auction facilities at its Las Vegas, Nev., auction site in March 2011. It will be a 33,000-square-foot auction theater building and a 1,900-square-foot equipment check-in building. It will also have a 550-seat auction theater and a 300-seat virtual ramp theater.

Upon completion of the facilities, Ritchie Bros. will implement its Timed Auction lot (TAL) system at the Las Vegas site. The TAL system will allow customers to bid on smaller items, such as attachments and consumer goods online at their website, through internet kiosks located at the auction site, or by proxy.

Ritchie Bros. has been conducting auctions in Clark County, Nev., since February 2008 when it signed a long-term lease for approximately 50 acres of developed land. They subsequently increased the property under lease to 76 acres. Auction facilities currently on the property include mobile trailers used to house customer registration and administration offices and a large tent to provide sheltered seating to bidders during auctions.

Last August, the company finished construction of a 9,000-square-foot refurbishment facility complete with an outdoor wash pad and paint and blasting booths. The refurbishment facility is currently open for business.