September 03, 2009

Denver Fleet Surplus Auction Raises $1.2 Million

ARTICLE TOOLS        | E-MailPrint Subscribe

Send an e-mail to colleagues Please fill out the form below to send a link to this story to your colleagues.
Your Name:	Your E-mail:
Colleagues' E-mail (Separate each address with comma):
Message: (Max. 500 chars.)
Enter the verification code as it is shown below without spaces. (Not case-sensitive) Enter Code: What's this? Image Code Verification Automated programs can't "read" the code you see in the box: only humans can. When you enter this code, it ensures that your order is going to a real person. If you don't see an image, make sure your browser is set to display images and try again. If you're not sure what the code is, make your best guess. If you're incorrect, you'll get another chance to enter a different code on the next screen. Close
CANCEL

DENVER - Denver Public Works Fleet Maintenance Division's recent surplus auction raised $1,257,000, according to Denver Fleet Administrator Nancy Kuhn.

The highest bid was $64,000 for a 1988 Caterpillar 966E front loader with a 5-yard bucket that had logged 18,323 hours of service.   

Kuhn said bids on some equipment were higher this year than in previous sales — probably due to the bad economy, which may be prompting consumers to take a second look at public auctions.

"It's possible people can't afford to buy new equipment, so they're looking at buying used," she said.

Most of the money raised in the Aug. 30 auction will go back to the city's general fund. Past auction proceeds typically ranged from $750,000 to $1.3 million, depending on the number of units and type of units being surplused, said Kuhn.