The Big One — auction, that is — comes to Cleveland this month.
More than 50 injection molding machines will go on the auction block in Cleveland's IX Center Oct. 28, in what organizers are billing as the first-ever sale of its kind. Almost all the presses are less than 3 years old. Brands include Van Dorn Demag, Milacron, Arburg and Toshiba.
The auction, held by Plastic Asset Solutions of Guilford, Conn., also marks the first industrial auction held at the massive IX Center, a former Army tank plant converted into a convention center.
Bob Risbridger, president of machine reseller Plastics One Inc., expects 200-300 bidders from molding firms around the world to attend.
``Never before has there been a major [original equipment manufacturer] and consignment-company auction,'' Risbridger said.
Many of the machines have never been used, he added. The presses came from several sources, including excess inventory, demonstration models, trade-ins and repossessions.
Plastic Asset Solutions is a partnership between Plastics One of Wallingford, Conn., and auction company Thomas Industries Auction & Liquidation Corp.
The firms have leased 25,000 square feet at the IX Center.
``We chose Cleveland for this sale as a central location. It's right next to the airport,'' Risbridger said.
The auction also will include more than 200 pieces of auxiliary equipment.
Industrial auctions are new for the IX Center, said Kevin Schieferstein, president and general manager. The building has 2 million square feet, including 400,000 square feet of warehouse space.
He said the center used to lease out warehouse space, but discontinued the practice until Plastic Asset Solutions came along.
Trade and consumer shows are the IX Center's bread and butter. The building hosted Plastics Fair Cleveland in June.