A pair of auctioneers have put their best chips on the biggest iron auction of the year.
The Las Vegas Metropolitan Sports Arena’s Big Iron Auction, which runs from Sunday, April 3 through Wednesday, April 5, has sold more than $12 million worth of equipment.
Auctioneer Chris Stedman told ABC News he’s expecting “a very, very good” result.
He says there are some “very good, very competitive” bids for the equipment.
The winning bid will go on display at the auction site.
Auctions like the Big Iron are the last place in the world you’d expect to see a pair of Ironman triathletes competing in a bid for a piece of equipment for a racing team.
They are the ultimate test of the endurance and endurance endurance of an individual athlete.
Ahead of the auction, Stedmark told ABCNews.com that he was looking forward to seeing the finished product.
He said the first part of the bidding process is very competitive and the bidding will take place on Sunday and the winner will be announced Tuesday.
We have had some good, competitive bids that are going to be announced at the end of the day Tuesday, he said.
He added that the first half of the process, including getting the equipment sorted out and shipping it to the auction house, will be quite “a bit” of work.
The auction will be held in front of a live audience.
The winning bidder is responsible for a portion of the total cost of the equipment, including the cost of transportation and the shipping.
Stedmark said the auction is the biggest of its kind in the United States.
He expects to see around 1,000 to 1,500 people at the event.
The auction is also the largest of its type in the country, according to the online auction site Bidding by Chance.
Stedmarks father and brother, Mike and Jeff, are auctioneers.
Mike Stedmans father, Jeff, is a partner in the firm of Sted Mark & Partners, which specializes in sports equipment.
Jeff Stedmakers brother, Jeff is a managing partner of Stampede Auctioneers, a firm that specializes in sporting equipment.
Stampedes auctioneer Mike Sted was not available to speak for this story.