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Auctioneer named third-time national award winner

Thursday, May 28th, 2009

MANHATTAN, Kan. (May 28, 2009) – Purple Wave Auction has been awarded the best in Online-Only Auctions and five additional honors in the 2009 National Auctioneers Association-USA Today Marketing Competition. The Online-Only Auction award was also presented to Purple Wave in 2007 and 2008, making the firm the only company in the history of the award to receive it.

“We’re excited that the innovation and hard work of our team has been consistently recognized on a national level,” said company CEO and founder Aaron McKee. “The Online-Only Auction section does not include any sub-categories, so the sale we entered competed against Internet-only auctions of all sizes and including all types of assets. We feel very honored to be named the best.”

In addition to the Online-Only Auction award, Purple Wave was also named the third-year winner of the Commercial and Industrial Machinery and Equipment award in the Online Catalogs category. In the same category, the company was the second-year winner of the Farm Real Estate award, and named best in General Household/Estate Liquidation, Livestock and Residential Real Estate.

The company will be formally recognized for its achievements during an awards reception at the 60th International Auctioneer Conference and Show on July 16 in Overland Park, Kan.

Purple Wave Auction is a full-service, Internet auction company headquartered in Manhattan, Kan., with locations in Kansas, Missouri and Iowa. Purple Wave specializes in commercial real estate, land, and agricultural/industrial equipment, as well as other types of property using its combination of in-person marketing and Internet bidding at www.purplewave.com.

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Classic Trucks, Tractors Bring $142,500 at Live-Internet Hybrid Auction

Friday, May 8th, 2009

GARDEN CITY, Kan. (May 8, 2009) – Tradition met the leading edge on Thursday when 22 antique farm trucks and tractors were sold in an auction that included Internet and live bidding. The May 7 Classic Truck and Tractor Auction was held in conjunction with the 55th Annual 3i SHOW in Garden City, Kan. The antiques brought in $142,500 with a portion of the proceeds benefiting 3i SHOW scholarships.

“The trucks and tractors were displayed on Wednesday and Thursday during the 3i SHOW, giving everyone a chance to come out, enjoy the stories, kick the tires and place a bid,” said Aaron McKee, president of Purple Wave.

The sale, organized by Purple Wave Auction in partnership with the Western Kansas Manufacturers Association and Rocking M Radio, featured Internet bidding that allowed interested buyers from across the nation to participate in the auction.

More than half of the auction’s 200 bidders placed Internet bids before the live sale on Thursday. The items sold to 18 winners in 10 states, including Nebraska, Pennsylvania, Missouri, South Dakota, Minnesota, Indiana, Texas, Iowa, Oklahoma and Kansas. Ten of the winners were Internet bidders.

“Posting the auction online really helped to drive competitive bids, and it’s especially clear when you look at where the winners are from. Fair market value is realized through competitive bidding on both a local and national level. This is the advantage we achieve by mixing Internet sales with local, regional and national marketing,” he said.

Additional antiques, as well as late-model equipment, will be sold in Purple Wave’s Ag Equipment Internet Only Auction on May 27. Internet bidding is currently open at www.purplewave.com, and consignments are being accepted. For more information about the May 27 sale, contact Dan Burke at 866.608.9283.

Purple Wave Auction, headquartered in Manhattan, Kan., auctions commercial real estate, land, and agricultural/industrial equipment, as well as other types of property using its combination of in-person marketing and Internet bidding.

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Farm Equipment Sells for $1.744 Million in Kansas/Missouri Internet Auction

Thursday, April 23rd, 2009

MANHATTAN, KS–(April 23, 2009) – While most people may think of Internet auctions in terms of books and computers, Purple Wave Auction sold $1.744 million worth of tractors, combines, balers, cultivators and other heavy farm equipment in an Internet auction completed Wednesday, April 22.

“With results like these, we’re continuing to show the world that our new model for Internet bidding — combined with local, in-person marketing and inspections — is well suited to today’s world,” said Aaron McKee, president of Purple Wave, headquartered in Manhattan, Kan.

The auction of 128 pieces of farm equipment attracted 506 unique Internet bidders, 112 of whom were the successful bidders purchasing at least one of the machines. The auction attracted 3,256 bids in all — an average of more than 25 bids per listed item.

“Any auctioneer will tell you that when you get that many bidders — and that many bids — on an item, you’re probably getting the fair market value for it,” said McKee. “The key in the success was the combination of online bidding with local marketing. The items were on display for inspection in several locations, including Hays, Beloit and Lincoln, as well as Marshall, Mo. People came out, kicked the tires, then went home and entered their bids,” he said.

The items were sold for Carrico Implement, based in Beloit, Kan., and Riggins R-CO LLC, based in Marshall, Mo. Upcoming auctions include an auction of surplus equipment for the State of Iowa (ending April 28), a collection of boats and recreational vehicles (May 10) and a collection of classic tractors and trucks, ending on May 7.

Purple Wave Auction, headquartered in Manhattan, Kan., auctions commercial real estate, land, and agricultural/industrial equipment, as well as other types of property using its combination of in-person marketing and online bidding. The company was founded in 2000.

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