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Post by D

Upcoming banking trade shows

Thu., Apr. 11, 2013 - 12 pm | Dave Sommers, AARE, PRI

Over the last few years, I’ve written several articles about the work we regularly do for lenders and their clients. I’ll be attending several banking conventions in the next couple of months and am excited to visit in person with lenders about our services.

  • Nebraska Bankers AssociationNebraska Bankers Association Annual Convention
    May 2 and 3
    Embassy Suites Omaha, La Vista
    La Vista, Neb.
    Find Scott Wiese and me and at our booth and ask us about the solutions Purple Wave offers lenders and lenders’ clients.
    www.nebankers.org
  • Oklahoma Bankers AssociationOklahoma Bankers Association Annual Convention
    May 15 through May 17
    Mariott Oklahoma City
    Oklahoma City, Okla.
    Crystal Griffis and I will be at our booth answering questions about the success we’ve had providing solutions to lenders in Oklahoma.
    www.oba.com
  • Missouri Bankers Association 2013 Annual Convention
    June 12 and 13
    Chateau on the Lake
    Branson, Mo.
    I’ll be at our booth along with Jeff Wilson and Jim Norris to visit about auctions for Missouri lenders and their clients.
    www.mobankers.com
  • Iowa Bankers AssociationIowa Bankers Association
    September 15 through September 17
    Iowa Events Center, Veterans Memorial Convention Center
    Des Moines, Iowa
    Find Mike Saxton and me at our booth and ask us how Purple Wave works successfully with lenders in Iowa.
    www.iowabankers.com

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Post by A

Bid for Blue expands at Nebraska State FFA Convention

Wed., Apr. 3, 2013 - 2 pm | Aaron Traffas, CAI, ATS, CES

BidForBlue_241x61Since 2011, Purple Wave’s Bid for Blue program has worked to support local Kansas FFA chapters and statewide FFA activities. Now, in cooperation with the Nebraska FFA Foundation, we’re expanding the Bid for Blue program to include Nebraska.

To introduce the program in Nebraska, Purple Wave is sending a delegation to the 85th Nebraska State FFA Convention in Lincoln. They’ll represent Purple Wave from today through Friday.

Coinciding with the Nebraska expansion, we’ve also launched a new page at www.bidforblue.com that displays upcoming Bid for Blue program assets as well as the chapter designations from recent results.

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Post by A

Ruzic Construction retirement auction

Thu., Mar. 21, 2013 - 4 pm | Aaron Traffas, CAI, ATS, CES

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Aaron Traffas: Hello and welcome to Purple Wave’s Auction Podcast. My name is Aaron Traffas. We’re conducting an auction for Ruzic Construction in Neillsville, Wis., that will close on April 17. This morning I’m going to speak with Gary Ruzic himself about his retirement auction. Good morning, Mr. Ruzic, and thanks for joining me.

Gary Ruzic: Good morning.

AT: Tell me about your company, how you got started and how you evolved to be, as you call yourself, one of the little giants in the Wisconsin bridge building industry.

Ruzic Construction auction flyer

Ruzic Construction auction flyer

GR: I started contracting on my own in 1971. That’s 43 years ago. I started out doing some residential work. Before that, I worked for a contractor out of Milwaukee on heavy industrial – schools, hospitals, factories – that type of work. Concrete and steel, that’s all I’ve done for 52 years. I moved up here to central Wisconsin where I was born and raised, and when I got back up here I started out doing some residential work. Then, the county highway commissioner asked me to do some repair work on some bridges. One thing led to another. I got pre-qualified with the state in ’76 and have been doing bridge work with the state ever since.

Why are you having an auction?

The reason I’m having an auction is the work has been very thin – not much of it – in the last four years. That, plus my age – I just turned 73 and it was just time anyhow. It was hurried along by the very poor marketplace that’s been there for the last couple of years. It’s going to be picking up greatly in the next couple years in the state of Wisconsin. With the age factor in there, I figured it was just time to step aside.

Well, the decision to sell your equipment after such a long and successful career couldn’t have been easy, nor, do I imagine, was the selection of an auction firm to handle the liquidation. Why did you decide to use Purple Wave?

I called an awful lot of people that I knew that sold out in the last three to five years – people that I’ve known for a long time. Some of them that sold out within the last three to four years went with an online auction and said it was much better than a traditional auction. Some of the people that I’ve talked to in different states and in the state of Wisconsin, Minnesota, Missouri, Iowa – they recommended Purple Wave quite heavily. They said that they did a good job on it, the prices were good, they were treated very good, they had a lot of help with it – it just sort of swayed my thinking that this was the company to go with.

As we speak this morning, I’m looking at about 400 items listed at purplewave.com. Tell me about the types of equipment that we’re going to be selling for you and give me some details on what you would consider to be some of the marquee assets in this event.

Cranes

Cranes

Well, we are a bridge-builder, so everything is, of course, bridge-builder-oriented here. The cranes, we have two sixty-ton and one fifty-ton crane left here – Americans – 5299s. Two of them are 5299As. They are in good shape. They were gone through again this fall and every year we have them – we have a company come out and they’re certified every spring. We didn’t certify them this spring because we’re not going to be using them. They were ready to, and I know they would pass easily, and the same with all of our trucks, trailers – everything is checked out and certified by the state that everything is roadworthy and in good running order. I’ve had my yard foreman that I had here was with me for 36 years and he was pretty well a stickler on maintaining everything. He had a good mechanic on hand here. If it’s the pile drivers, the pipe rule, the deck finishers – there’s two of them – the cranes, backhoes – everything is in good, working order and ready to go. The cranes – I know I talked to the mechanic when he was done this last fall. It was about Thanksgiving – he wrapped up with them putting in new air lines and brake shoes and clutches and he said we could have all three cranes on the job and working within three days. He said load them up, get the booms on them, get the cable out and we could be driving piling.

Well, I’m seeing a huge quantity of forms and tools, trailers and generators and supplies. All of this equipment is listed as being in Neillsville. Tell me about the location. Is it all in one place?

Ruzic Construction

Ruzic Construction

It’s all in one place right here. We’re on Highway 73 about three miles north of Highway 10, just north of Niellsville. Everything is right here. When they have the open house on the third and the thirteenth of April, anybody can come in here and take a look at, start up and run any piece of equipment. Everything is right here and ready to go. If it’s anything to do with bridge construction, concrete, steel, pile driving – and there’s also – we have the piling, pipe pile, H-pile, and sheet piling here. In the H-pile and the pipe pile, there are certifications for the state on all that material.

Gary, you mentioned the open inspection periods on April 3 and April 13. Each is scheduled from 9 a.m. to 4 p.m. Let’s say I’m a prospective bidder and, for some reason, those times don’t work for me and I’d like to take a look at something before placing a bid. Who do I need to contact to be able to do that?

If you could contact me on my cell or a land line – cell number is probably the best. I’m within reach of that twenty-four-seven and anybody is welcome. They can come at virtually any time and take a tour of the entire yard. You can drive through, around everything. This infernal snow we’ve been getting – I’ve been plowing steady to keep plowing out everything I can. I can be here to open up the shop and you can take a look at everything that’s palletized and on display here all over the floor of the shop and cold storage areas. There’s pallets of material actually covering an area that’s probably 80′ x 140′ – just about solid pallets.

2001 SkyTrac 8042 Legacy telehandler

2001 SkyTrac 8042 Legacy telehandler

Let’s talk about after the auction. Once everything is sold and a winning bidder has made payment to Purple Wave, what’s he going to need to do to arrange pickup?

They come in here – everything is paid for, they have a receipt that is paid for and we’ll have a forklift here, an 8000 lb. forklift which can hold virtually anything. There are a few things we’ll have a – we’re asking that the 50-ton crane stick around for about a week. There are a few things that we can load – like the 50′ long 36” beams, you can load them with a forklift but it’s much easier and safer if we could load some of that real heavy stuff right away with the crane and then ship the crane out and finish everything else up with the forklift.

Gary, tell me about shipping. What options are available to somebody who needs to move some of this equipment a fair distance?

As far as trucking for anybody throughout the United States here, they have ConsTrucks, a company from Stevens Point, that has a lot of lowboys and flatbeds. They can haul anything that you have to haul. Length, weight, width – won’t make any difference. They can haul it nation wide, really, and there are other local trucking firms around here that would be glad to haul for you. I know Andrews Trucking would be willing to haul.

1996 Kobelco SK220LC Mark IV excavator

1996 Kobelco SK220LC Mark IV excavator

What kind of time frame are you hoping to have everything removed by?

I hope we could have everything removed within a couple weeks after the auction. By May 1, if we could have everything out of here I would appreciate it.

Gary, is there anything else you’d like to say about this auction?

You mentioned there were a lot of forms here. The forms are all 3/4” plywood – exterior plywood on them and 2 x 6 skeletons. They’re good forms. The plywood has been replaced on them. They’re all in perfect shape. There’s probably about four semi loads of forms and a lot of ties that go with them – 30″, 36″, 39″ down to 15″ and 24″ ties. There are just a lot of them here for anybody that would be interested in that. I don’t know of anything else I’d have to add right now.

Alright. I’ve been speaking with Gary Ruzic from Ruzic Construction about this retirement auction of construction equipment that ends on April 17. Thanks again, Mr. Ruzic, for joining me this morning.

Thank you.

Bidding for the Ruzic Construction retirement auction is open now and will close on Wednesday, April 17, beginning at 10 a.m. central. To view the items before bidding, stop by during the open inspections from 9 a.m. to 4 p.m. on April 3 or April 13. To schedule an inspection outside of those times, call Gary at 715.937.1211 or talk to Purple Wave’s John Hengel or Andy Artley who have been working with Gary on this event.

Like all Purple Wave auctions, there are no reserves or minimum bids. Items receiving bids in the last few minutes will be automatically extended to give everyone a fair chance to bid. There’s no advantage to waiting, so view the complete inventory listing – and place your bids now – at purplewave.com.

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Post by A

Philip Mathias new territory manager for N.D. and Minn.

Mon., Mar. 11, 2013 - 4 pm | Aaron Traffas, CAI, ATS, CES

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Aaron Traffas: Hello and welcome to Purple Wave’s Auction Podcast. My name is Aaron Traffas. Today, I’m going to speak with Philip Mathias of West Fargo, N.D. Philip is Purple Wave’s newest territory manager for eastern N.D. and northwestern Minn. Good morning, Philip, and thanks for joining me this morning.

Philip Mathias: Good morning, Aaron.

AT: Philip, I understand you’re not from around here. Tell me when and how you came to this country.

Philip Mathias

Philip Mathias

PM: I grew up in New Zealand. In the early ’80s I got a chance to come over here on a student training program run by the University of Minnesota. It was to study agriculture and farm management systems. I went back to New Zealand after that program finished and ended up returning over here and getting married.

Philip, tell me about your business background. How did you end up in West Fargo?

I spent a lot of years with a company, Mustang Manufacturing, that built the Mustang skid loaders. I was a service technician for them. It gave me the opportunity to travel the world and the U.S. From there, I got into sales working with RDO Equipment and then, most recently, with Herc-U-Lift. Herc-U-Lift was a great company to work with. It got me into the construction line of equipment and took me to Sioux Falls and then up and down I-29 all the way up through the Red River Valley, building relationships with contractors and large rental companies up here. It was through Herc-U-Lift that I ended up in West Fargo trying to develop the business up here.

How did you hear about us and what was it that made you want to be a part of Purple Wave?

I had known Andy Artley for 15 years. Andy and I had worked together back in our days at Mustang and I was looking for a job that could give me more of a challenge but I was also looking for a job that was led by upper management to the benefit of the customer all the time rather than it being profit driven. I found, coming on board with Purple Wave, the people there were very friendly, very open and the bottom line was they were willing to give the people in the field all the tools they need to be successful.

Well, you started with us in the latter half of February. Tell me about your training process and what it’s been like so far.

The first week I was with Purple Wave, I was in Manhattan, Kan., going over some pretty extensive training. The following week I was then in western N.D. doing data collection. Recently, this last week, I’ve been in central Wis. doing data collection.

Let’s talk for a moment about geographies. Your territory map is up on your profile page at purplewave.com. For someone listening to the audio version only, can you describe the territory you’ll be covering?

Philip's territory

Philip’s territory

I’m based out of West Fargo. The territory is essentially about 100 miles to the west and then also about 150 miles to the east. It goes from the S.D. border all the way to the Canadian border. With me being the only territory manager up in N.D., I’ll be covering western N.D. in the interim.

Tell me about your role and responsibilities. What’s going to be an average day?

At this stage, the average day is going to be developing relationships with prospective customers. As this is relatively new territory and we’re trying to get the Purple Wave name out there, I’ll be spending a lot of time on the phone and talking to prospective clients as far as buying or selling equipment through Purple Wave.

Well, I realize you’ve only been on the ground for a couple of weeks up there, but, in that time, what kind of reception have you seen so far?

The people that I’ve visited with about Purple Wave have been very impressed because Purple Wave is very transparent. They know the buyer’s fee and what it costs. They know the effort that we put into marketing the equipment, coming out and doing the data collection and making sure that we are representing the equipment as honestly as we can.

Well, Philip, tell me about some of your personal interests. What do you like to do in what little spare time that you have?

Generally, on the weekends I like to go fishing, I’ve got a camper on a lake place up in northern Minn., so that seems to have us up there most weekends. If I’m not there, I like to travel a lot. In a previous position I’ve had the opportunity to travel the world. Coming from New Zealand, you always have a interest on how other people think and how their lifestyles are, but occupations lately and kids have curtailed the traveling part of it quite a bit lately.

I’ve been speaking with Philip Mathias, Purple Wave’s newest territory manager for eastern North Dakota and western Minnesota. Thanks again, Philip, for joining me today.

Thanks, Aaron.

Find Philip on the web at purplewave.com/philipmathias. Contact him at philip.mathias@purplewave.com or call 701.429.1561.

Don’t forget to find us on Facebook at facebook.com/purplewaveinc or follow us on Twitter at twitter.com/purplewave. Subscribe to Purple Wave’s Auction Podcast on iTunes. Search iTunes for “Purple Wave” or use the link on the podcast page on our website at purplewave.com/podcast.

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Post by A

Ross Schochenmaier new territory manager in S.D. and Minn.

Fri., Mar. 8, 2013 - 3 pm | Aaron Traffas, CAI, ATS, CES

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Aaron Traffas: Hello and welcome to Purple Wave’s Auction Podcast. My name is Aaron Traffas. Today, I’m going to speak with Ross Schochenmaier from Waconia, Minn. Ross is Purple Wave’s new territory manager for eastern S.D. and southwestern Minn. Good morning, Ross, and thanks for joining me this morning.

Ross Schochenmaier: Good morning, Aaron.

AT: Begin by speaking to your background. Where did you grow up?

RS: I grew up in a town in western Minn. called Hutchinson, Minn., kind of a mid-sized community of about 15-16,000 people. It had an ag influence and then also still had some manufacturing in that community.

Ross Schochenmaier

Ross Schochenmaier

How did you end up in Waconia?

Through job transfers and changes, we’ve been here since 1998, which is the year my first, oldest daughter was born. A job brought me here and we’ve been here ever since. We love the community.

Well talk about those jobs if you would. You’ve got an extensive experience in marketing and sales. Tell me about that.

My background has been in the equipment finance world. For the last 13 to 15 years I’ve been in the equipment finance world, working with various companies – working not only with end users which would be construction contractors, ag producers, but also had dealer representation – various sources, working with manufacturers from Cat to Deere to even small lines, but working primarily one-on-one with either a dealer or a customer contact and putting together packages, reviewing opportunities with them, marketing – cold calling to various customers within my territories.

How did you hear about us and what was it that made you want to be a part of Purple Wave?

Well, I actually heard about Purple Wave probably six or seven years ago where a rep that was with the company – he and I used to come in contact and I came across the opportunity with the company. I was able to attend the Winona Excavating retirement auction with Andy and John and Richard Bates. Aaron was down there also. That was really the deciding factor that said I want to work with this company. I was very impressed with the technology behind the auction, very impressed with how they dealt with the people, the personalities – keeping the auction forefront but also considering that there’s a person behind the scenes that’s dealing with a wide range of emotions at this point. It kind of sold me on the company, made me see that – you know what? My background and how I deal with the customer on the relationship side – it’s a perfect fit. I just said, hey – you know what? This is going to be a great opportunity for both of us.

You started not too long after that particular auction. You started in late January. Tell me about your last month and a half on the ground.

The last month and a half has been a whirlwind. I called my boss yesterday, Andy Artley, and said, “You know? I really am having fun,” which is a great thing. Every day is a little bit different. I’ve been out and doing data capture on the Ruzic auction, which was great. I enjoyed the people, I enjoyed the opportunity. I’ve been out calling on customers, working on leads that I’ve already established, trying to get a firm understanding of my territory and who’s all out there. The one thing I can tell you that has truly impressed me, Aaron, is that fact that everybody I seem to talk to, whether they have a background with Purple Wave or experience with Purple Wave or whether they don’t, they are very open to talk to you. Now some say, “You know what? We just don’t use auction services.” And that’s understandable, but, especially those ones that have dealt with Purple Wave, I like the reaction that I’m getting that everybody likes this company and is willing to help us take it to the next step.

You mentioned your territory and, for anyone who may be listening to this on a portable device, maybe subscribed to iTunes through our podcast page or something – somebody who hasn’t had a chance to look at your profile page on the Web and see the map – why don’t you describe your territory for us, if you would?

Ross's territory

Ross’s territory

My territory covers southwestern Minn. and then also eastern S.D., as you mentioned. Southwestern Minn. puts me into the metropolitan counties of Carver, Scott, Wright and, I believe, all of Hennepin County, so a very big chunk of the Twin Cities metropolitan area. I then travel basically west all the way to Aberdeen and then down to the Neb. border, covering the Sioux Falls metropolitan area and then track back around not quite to I-35 and then travel north. So the key metropolitan areas that I handle are the Twin Cities – let’s call it Minneapolis – and the west and southwest suburbs, a little bit into the north, northwest – Mankato; Sioux Falls; Aberdeen; Watertown, S.D.; Brookings, S.D.; Yankton, S.D.; Newell, Minn. – I don’t want to leave any areas out, but I’m very pleased with the geographics we have. As I look at it, if you look at construction, we are very similar geographics and we’re going to see a lot of aggregate production, road builders, good general construction. On the ag side, you’re going to see a lot of the same type of production, kind of wide open cropland. I do have a fair amount of ag experience so I’m looking forward to hitting both areas fairly strongly.

Well, let’s jump right into that. When you hit both areas very strongly, tell me what you’re going to be doing. Tell me about your roles and responsibilities. What’s going to be an average day?

An average day is going to change from day to day, but I see it as an opportunity to go out and get the Purple Wave name out to as many contacts – customers in our area in my territory as we can. I feel we’re still fairly new in this geographic and a lot of it – probably the next six to twelve months – is going to be getting the Purple Wave name out. We do have some nice auctions coming in April which we are promoting extensively and we hope to build off of those. We do have some very good leads in this territory that we’re going to be working hard to continue to grow that, but I feel there’s great opportunities within the contracting arena – also in the municipality area. I’ve had a few discussions with some counties in S.D. that are interested in talking to us further, and then we’ve also had a little success with the S. D. ag market and a couple customers that have used Purple Wave have agreed to sign on with us and bring us some opportunities. So we’re going to slowly get our feet wet and build this territory up quickly.

Well, Ross, tell me about some of your personal interests. What kind of things do you like to do in your spare time?

I’d love to, Aaron. I’ve got four kinds – a wife and four kids, so I spend a lot of time with kids’ activities. My oldest daughter is a freshman in high school, so you can imagine there’s a lot of things going on. We’re a big hockey family. She plays softball so we do a lot of stuff there. If I don’t have my kids activities and I am not working and I’ve actually got some free time, I’m a fisherman at heart and you’ll find me tucked away in a boat somewhere with probably one of my kids – somewhere fishing or in an ice shelter somewhere. If I can get away from everything, that’s what I truly enjoy doing.

I’ve been speaking with Ross Schochenmaier, Purple Wave’s new territory manager for eastern S.D. and southwestern Minn. Thanks again, Ross, for joining me today.

Thanks, Aaron.

Find Ross on the web at purplewave.com/rossschochenmaier. Contact him at ross.schochenmaier@purplewave.com or call 612.834.9836.

Don’t forget to find us on Facebook at facebook.com/purplewaveinc or follow us on Twitter at twitter.com/purplewave. Subscribe to Purple Wave’s Auction Podcast on iTunes. Search iTunes for “Purple Wave” or use the link on the podcast page on our website at purplewave.com/podcast.

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Post by D

Lender-owned equipment auctions

Wed., Mar. 6, 2013 - 12 pm | Dave Sommers, AARE, PRI

I attended a bank leadership conference in Kansas City recently and was pleased with the high level of Purple Wave familiarity. I was greeted with handshakes and gratitude for our practice of UCC research and clear communication with creditors of sellers. Subsequently, I learned that many lenders noticed we were selling assets for some of their best customers.

With this realization, the most common question asked of me was, “how does it work?” I first noted that a debtor-controlled sale is almost always a better situation for the seller and creditor than a lender-owned sale. Evidently, creditors agree, as they have referred many borrowers, both good-standing and troubled, to Purple Wave.  I then offered details of how we help when a lender-owned equipment sale is inevitable.

During my gripping explanations, I was advised repeatedly that this would be a good topic for our newsletter. Hence, here’s an overview of selling lender-owned equipment and vehicles via purplewave.com.

Auction planning 25-60 days to auction close
You need to remarket one or more construction, agricultural or transportation assets and have the following goals.

    • You want market-value recoveries.
    • You want your role in the sale to be minimal.
    • You want the next movers of the assets to be the new owners.
    • You want this challenge off your desk ASAP.
    • It must be a commercially-reasonable sale with documentation provided.

Give me a call at 785.313.2094; I will listen, ask and answer questions. Together, we will decide if Purple Wave is the right fit. You decide if we proceed.

When you say go, I will contact your local Purple Wave territory manager who will call you to schedule a visit. You meet; review the assets, which remain in-place throughout the auction; tie up loose ends and complete a contract. Your TM will conduct data capture, taking pictures, and perhaps video, of your assets and recording listing information. This information will be sent to our web operations crew, and your assets will soon be posted and open for bidding on purplewave.com.

Marketing period 14-30 days to auction close
Traditional, electronic and telephone marketing is aimed at targeted individuals and masses. Increasing daily, about 250,000 potential bidders view assets on purplewave.com each month. Bidders may call you with asset-specific questions and schedule inspection visits. Competition builds.

Auction closing day
On sale day, asset bidding closes incrementally. This method is convenient for bidders and beneficial to your recovery. Current market value is found.

After the auction
The buyer pays Purple Wave promptly in verified funds and a paid invoice is emailed to you and the buyer. The buyer will contact you to schedule asset removal and present you his paid invoice prior to load-out. Removal is the buyer’s logistic and financial responsibility. Purple Wave handles title distribution. Your proceeds and sales documentation are typically in your hands within two weeks of auction close.

You have met your sale goals and completed the mission.

Straight. Simple. Sold.
Purple Wave has many lender-clients and most are repeat sellers. Whether you or your borrower has a large grouping of equipment, or one vehicle, dozer or tractor to sell, we are probably the right fit. Each situation is unique, and treated as an interview for our next sale.

Please visit purplewave.com and call me as needed.

Purple Wave Dave

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Post by E

Sheila Fahey joins Purple Wave as director of accounting and controller

Thu., Feb. 28, 2013 - 5 pm | Eric Williams

Sheila Fahey

Sheila Fahey

I am pleased to announce the addition of a key manager to our growing company. Sheila Fahey has joined Purple Wave as director of accounting and controller. Sheila brings 10 years of technical experience to her new role.

“I’m looking forward to working with a team of truly dedicated individuals who are knowledgeable and clearly top-notch in the industry,” says Fahey. “I look forward to learning and growing with Purple Wave and looking for opportunities for continuous improvement that will allow for the acceleration and growth of the company.”

Originally from Chapman, Kan., Sheila is a CPA and holds a Master’s of Accountancy and a bachelor’s degree in accounting from Kansas State University.

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Post by A

March 7 George J. Shaw Construction Company

Wed., Feb. 27, 2013 - 4 pm | Aaron Traffas, CAI, ATS, CES

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Aaron Traffas: Hello and welcome to another episode of Purple Wave’s Auction Podcast. My name is Aaron Traffas. We’re conducting an auction for George J. Shaw Construction Company of construction equipment including dozers, scrapers, dump trucks, vehicles, tools and more in Kansas City, Mo., that will close on March 7. This morning I going to speak with Mark Teahan about this auction. Good morning, Mr. Teahan, and thanks for joining me this morning.

Mark Teahan: Oh, my pleasure.

George J. Shaw Construction Company auction flyer

AT: Tell me about George J. Shaw Construction Company. When and how did it start and what kind of work have you done?

MT: Well, George Shaw started his business back in 1928 here in Kansas City as a hauling contractor. Then, in the ’40s and ’50s, expanded into the earth work business. In the probably early ’90s we added a concrete division, both structural concrete and flat work. So we’ve been around Kansas City doing work here in the greater Kansas City area doing commercial earth work for about the last 85 years.

You’re not going out of business. Tell me why are you having an auction?

Well, over the last 15 to 20 years during the construction boom here in Kansas City we’ve acquired several pieces of equipment. Unfortunately, as most contractors in this area have experienced during the last three years during the great recession, we have lots of pieces of equipment that we’re just not utilizing to their potential. The costs of securing and insuring and maintaining these have come to the point that we thought it’d probably be best that someone – another individual or company who could put these to use – it would be better for everyone. So it is not a total liquidation. As a matter of fact, it’s only a small, small part of our fleet of equipment, but they’re good pieces of equipment that we think will be beneficial to other individuals.

1996 Caterpillar D8R dozer

1996 Caterpillar D8R dozer

Why did you select Purple Wave from among your other options?

Well, we believe Purple Wave provides us with many more viewers than you would get at a normal auction. It also gives the buyer more time to see the machine, and, also, we like the contact that both the buyer and the auction company has with the owner of the equipment. So it allows us to talk one-on-one with the potential buyers, talk about the equipment, how they’ve been maintained, and whatnot.

Well, let’s talk about the auction. Tell me about the quantity and the different types of equipment we’ll be selling for you.

Well, we have about 25 large pieces of equipment – earthwork equipment and trucks. We also have probably about another 80 some plus items that we’ve used not only in our earthwork division but also our concrete division. We have some marquee items that we think will be very interesting to buyers, and that is a D8 dozer, a 140H motor grader, a nice Hyundai track hoe, as well as several Volvo articulated trucks and some Cat scrapers.

2001 Caterpillar 140H VHP motor grader

2001 Caterpillar 140H VHP motor grader

Tell me about the condition of the equipment. As you mentioned earlier, you’re selling it because it’s excess. Has it been well maintained?

Definitely. We like to believe all our equipment is dirt ready, as we call it. It has been utilized by our company over the years. Some of it, like I said, have set idle, but, for the most part, these items have been used by us but just not to the level we’d like to see. They all have good tires. All the safety features work. We’re very persistent about oil samples and maintenance records. Bill Gunnels, who’s our equipment manager, stands ready and available to answer any and all questions about the equipment.

Tell me where is everything located?

The majority of the pieces are located here at our main office in Kansas City at 1601 Bellefontaine here in Kansas City, Mo., right off of I-70. Some of the scrapers are located at our satellite storage lots, one actually in Clinton, Mo., and then the other just a couple miles from our office.

2004 Hyundai Robex 210LC-7 excavator

2004 Hyundai Robex 210LC-7 excavator

I see that there is an open inspection period scheduled on March 6 from 11 a.m. to 3 p.m. If I have a conflict at that time, or that doesn’t work for me for one reason or another – if I want to ask Mr. Gunnels questions or schedule a time to come and take a look at something before placing a bid, what do I need to do?

Well, that’s once again one of the nice aspects of working with Purple Wave is making our equipment manager available to all potential bidders. Bill’s available pretty much 24/7 at 816.215.5119. Bill will either talk to you over the phone and give you the details about the equipment or schedule a time where you can come by and view the equipment.

After the auction, once payment has been made to Purple Wave, what does a winning buyer need to do to arrange pickup?

Well, first of all, of course, they need to pay for it and get a receipt from Purple Wave. They would then just call, once again, Bill Gunnels with our firm to set up a time. Bring that receipt with them and we’ll help them get that piece of equipment or item loaded.

1997 Volvo A35C articulated dump truck

1997 Volvo A35C articulated dump truck

You mentioned help. What kind of load out assistance will you be providing and how long does a buyer have to remove purchases?

Well, we’re definitely here to help to get the equipment on the lowboy or in their truck. Here at our yard we have all the equipment necessary to help with the loading and we’ll definitely do that. We would, of course, like to have the equipment and the other items removed within probably the first couple weeks after the auction, so hopefully by Friday, March 22, we’ll have everything removed from the premises.

I’ve been speaking with Mark Teahan from George J. Shaw Construction about the auction of construction equipment that ends on March 7. Thanks again, Mr. Teahan, for joining me this morning.

My pleasure. Thank you.

Bidding for the George J. Shaw Construction auction is open now and will close Thursday, March 7, beginning at 10 a.m. central. If you have a question about the assets or you’d like to take a look at an item before placing a bid, stop by the open inspection period on March 6 or contact Bill Gunnels at 816.215.5119.

Like all Purple Wave auctions, there are no reserves or minimum bids. Items receiving bids in the last few minutes will be automatically extended to give everyone a fair chance to bid. There’s no advantage to waiting, so view the complete inventory listing – and place your bids now – at purplewave.com.

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Post by A

March 8 S.L. Cornelsen Farms partnership dispersal

Tue., Feb. 19, 2013 - 5 pm | Aaron Traffas, CAI, ATS, CES

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Aaron Traffas: Hello and welcome to Purple Wave’s Auction Podcast. My name is Aaron Traffas. We’re conducting an auction for S.L. Cornelsen Farms of harvesting equipment, vehicles and tillage implements in Oxford, Kan., that will close on March 8. This morning I going to speak with Michael Slack, one of the partners in S.L. Cornelsen, about this partnership dispersal auction. Good morning, Mr. Slack, and thanks for joining me.

Michael Slack: Good morning.

Auction flyer

Auction flyer

Tell me about S.L. Cornelsen. How did you get started?

Well, the S.L. Cornelsen – the initials S. L. stand for Stanley Leon. Stanley was Rick’s and my predecessor. Stan was a really wonderful, generous person. When Stan passed away due to illness, Rick and I took over the reigns in a partnership effort. Some partnerships struggle, but Rick and I work really well together. We’ve grown our business, leased more acres and bought land. We also have ag lime we sell to farmers in the area, and we just opened a second pit up in Ark City. Rick and I, we’ve kind of been on a roll, building a foundation on what Stan and his family had laid.

This event is billed as a partnership dispersal. Tell me why you’re having an auction.

Well, let me first state, I guess, that I talked to Rick and he’s okay with me sharing this – it’s a little bit personal. Rick’s fought a medical condition for a few years and last summer the condition became much more serious. By late summer, Rick was unable to work at all. As we got into fall, Rick’s condition worsened to the point we were all concerned he might not even survive. So Rick and his wife Karen, my wife Janice and myself came to realize that as much as we hated to admit it, Rick was not going to be able to come back and farm. It was a tough reality, but that’s the way it is. So Janice and I are continuing S.L. Cornelsen Farms and operating the lime business. We have our farm with a full line of equipment and we simply don’t need the items we are selling.

1992 Case IH 1680 Axial-Flow 222BC RWA combine

1992 Case IH 1680 Axial-Flow 222BC RWA combine

So you would characterize this equipment as excess and not exhausted? There’s nothing wrong with it, you just don’t see a need for it going forward.

Yeah, we don’t need – you know, just for instance, we have three front end loaders and we don’t don hay, and we don’t have any livestock, so it’s a lot of overkill there. We no-till, so we don’t need the tillage equipment, of course, anymore. So, to complicate things a bit more, we’re exiting the custom grain business. We didn’t use any of these combines or headers or grain cart in our custom effort, but since we’re getting out of that then that was even more equipment that we were planning on using that we don’t need. The service trucks that are on here, the combine trailers and the double header trailers were all used in our harvest business. They’re all in really good shape. We were planning on being in business for a long time and plans change, so we’ve got a lot of nice items for sale that we really weren’t planning on selling, but that’s just the way it is.

Well, I’m sure you investigated other options to sell this equipment, but in the end, you selected Purple Wave. Why was this the right decision for you?

Well, we did think about it quite a bit and even have a good friend that is a local auctioneer that does a really good job. I had some things that not everybody would bid on. Some of these items are pretty specialized, and we needed to get the word out – way out. I felt like Purple Wave could reach some of those people that otherwise probably wouldn’t find out about this equipment so that’s why I went this direction.

1999 Freightliner FLD semi service truck

1999 Freightliner FLD semi service truck

Well, let’s talk about the equipment. Tell me about the types of equipment that we’re going to be selling for you and give me some details on a couple of the marquee items in this event.

Well, we put a lot of effort and money into the service trucks. The bed on the Freightliner was – on the Freightliner service truck – we bought that new about a year ago, so the tanks, the pumps, the lights – I have a youngster that works for me that’s really good. He’s painted for years and he did a really nice professional paint job on the box and the truck. Also, a lot of that stuff’s like new – it’s a year old. We didn’t intend to sell them, but we are so that makes that a really nice unit. Let’s see – the 1680 combine, we had a professional diesel shop overhaul that with the original Cummins parts. We didn’t cut any corners on it at all – $9205 to do that. The 1688 is a good combine, too. The 1680, we bought new; it’s a one-owner combine. The little 4440 that’s on the auction is just a really slick little tractor. Of course the harvest trailers are all in really good shape. They’ll pass DOT inspections. The tires are good because we were planning on running them from Texas to Canada.

1979 John Deere 4440 tractor

1979 John Deere 4440 tractor

Tell me where is everything is currently located. It’s all in Oxford. Is it all in one place?

Yeah. We made the effort to get it to one spot to make it easier for people to come and look if they were interested in one item. Our physical address is 1442 E 60th Street South, Oxford, Kan. From Oxford – you go to Main Street in Oxford. There’s a bank at the corner, there. You go five miles south to 60th Street and then three-and-a-half west on the north side of the road.

Well if I have questions about the items, or if I want to stop by and take a look before placing a bid, who would I need to contact to make that happen?

You can contact my partner Rick, and his number is listed with all the items that he’s the most familiar with, or you can contact myself. We’ve got my name with some of the things that I’m more familiar with. My number is 620.222.8630 and I don’t have Rick’s number memorized. I don’t have it with me right now.

It’s 620.704.3013 as listed on the website, and so that kind of explains why we have two locations, two different locations, listed on our details page. Everything’s physically at one spot but the contact information for each item varies depending on whether you’re most familiar with it or whether Rick is. That’s why there are two locations listed on our auction details page, but everything’s in one place. Once payment has been made to Purple Wave, what does a winning buyer need to do to arrange pickup?

Well, if they’ll just call those numbers I’ve got a big forklift here, a small forklift, front end loader…we can pretty much get about any of this stuff loaded, barring the field cultivator. We have really good load out possibilities. We could help arrange with shipping, even, if needed. The GPSs that are – the autosteers that are on the auction, we could help get those mailed to them – shipped to them. We’ll do whatever we can to help the people.

1999 John Deere 1760 Conservation 12 row planter

1999 John Deere 1760 Conservation 12 row planter

It sounds like you’re being very accommodating. What kind of time frame are you hoping to have everything removed by?

It’d be nice if it was out of here in two weeks. If somebody’s in a jam, we’ll try to work with them a little bit.

Okay. Well, Michael, is there anything else you’d like to say about this auction?

Yeah, I guess a final word would be that Rick’s condition has improved some and he’s happy and eager to receive calls, so don’t hesitate to call him or my number, too, and we’ll answer any questions – do whatever we can to help people make their decision.

I’ve been speaking with Michael Slack from S.L. Cornelsen about the partnership dispersal auction of ag equipment that ends on March 8. Thanks again, Mr. Slack, for joining me this morning.

Bidding for the S.L. Cornelsen partnership dispersal auction is open now and will close on Friday, March 8, beginning at 10 a.m. central. To schedule an inspection before bidding, call the number listed on the website with the asset in which you’re interested.

Like all Purple Wave auctions, there are no reserves or minimum bids. Items receiving bids in the last few minutes will be automatically extended to give everyone a fair chance to bid. There’s no advantage to waiting, so view the complete inventory listing – and place your bids now – at purplewave.com.

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Post by J

David Brotton joins Purple Wave as vice president of marketing

Mon., Feb. 18, 2013 - 9 am | Jerrod Westfahl

I am pleased to announce the addition of a key leader to our growing company. David Brotton has joined Purple Wave as vice president of marketing. Dave brings 20 years of relevant industry experience to his new role.

His observations about what we do as a company underscore the reasons he has come aboard. “Purple Wave is dramatically changing the way Internet auctions are done. Customers are turning to Purple Wave to utilize an extensive buyer base, industry-experienced staff and leading edge technology to gain a competitive advantage when re-selling their assets,” said Brotton. “I am excited to be part of the Purple Wave team and look forward to helping the company grow to the meet the needs of our buyers and sellers everywhere.”

Originally from Wellington, Kan., Dave holds an M.S. degree in management from Baker University and a B.S. degree in chemical business from Wichita State University.

When you see Dave out and about, please say hello and share your observations about what we can do to continue improving our business for the good of our customers.

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