Last week at its auction in Orlando, Fla., Ritchie Bros. sold a record 10,700 pieces of equipment for more than $172 million. This year’s unreserved auction from Feb. 15-19 attracted more than 9,850 bidders from 79 countries. Out-of-state buyers purchased $137 million of equipment (80 percent), while $40 million was purchased by out-of-country buyers (23 percent).
Ravi Saligram, CEO, said: “We’re very pleased to have been able to help 985 consignors sell equipment this week, including both end-users and dealers. Due to the diverse buying audience we attract from different sectors and geographies we achieved consistent and solid pricing all week through most asset classes, with particularly strong results for low-hour, late-model, well-maintained equipment.”
Bidders participated in the auction in person, online in real time at rbauction.com, and by proxy. Online buyers purchased $64 million of equipment (38 percent). All items were sold without minimum bids or reserve prices.
“This is not just a U.S. auction; this is a global event with participation from around the world,” said Terry Dolan, president (USA & Latin America), Ritchie Bros. “People travel from across the globe to attend this auction, and thousands more participate online from as far away as Belgium, Costa Rica, Colombia, Vietnam, and more.”
Ritchie Bros. sold equipment and trucks from all the top manufacturers, including Caterpillar, Volvo, John Deere, Komatsu, Terex, Grove, JLG, Kenworth, Peterbilt, Freightliner, International and more. Equipment sold included:
450+ excavators
240+ loaders
200+ compactors
150+ dozers
660+ boom and scissor lifts
120+ cranes
500+ truck tractors
390+ trailers