Canada NewsWire
Three-day online event attracted 11,200+ bidders from 60+ countries to compete for 6,000+ items
HOUSTON , Nov. 14, 2022 /CNW/ - With its final Houston, TX site auction of the year, Ritchie Bros . attracted more than 11,200 online bidders to compete for 6,000+ items, generating US$64+ million in gross transaction value.
Approximately 87% of the equipment in the November 8 – 10 auction was sold to U.S. buyers, including 44% purchased by Texans. The remaining 13% was purchased by international buyers from far away as Thailand , Egypt , and Great Britain . Auction highlights included 1,600+ transportation assets, 1,100 construction equipment assets, 1,000+ agricultural assets, 600+ lifting & material handling assets, and more—all assets were sold without minimum bids or reserve prices.
"We had great weather and a lot of interested bidders inspecting equipment onsite ahead of the sale, resulting in strong competition through all three days of the auction," said Chuck Roberson , Regional Sales Manager, Ritchie Bros . "This was our last Houston auction of the year, but we still have a ton of buying and selling opportunities, including an onsite Fort Worth auction on December 13 – 15, weekly IronPlanet events, our daily Marketplace-E solution, and Ritchie List ."
Five Big Sellers from Houston :- 2017 Mack GU714 concrete pump truck – US$410,000
- 2005 Terex HC275 crawler crane – US$310,000
- 2015 Grove RT 880E 80-ton 4x4x4 rough terrain crane – US$270,000
- 2020 Vermeer D23X30III directional drill – US$250,000
- 2019 Caterpillar 336 hydraulic excavator – US$185,000
- Gross Transaction Value: US$64+ million
- Items Sold: 6,000+
- Bidders: 11,200+
- Consignors: 700+
Ritchie Bros . will sell more than 60,000 equipment items and trucks in its upcoming auctions and online marketplaces, including a Tipton, CA Timed Auction on November 18 with 1,500+ items , a Southeast Regional Event on December 1 with 2,800+ items , and a Great Lakes Regional Event on December 6 with 3,100+ items . For a complete list of upcoming events, visit rbauction.com/auctions .
About Ritchie Bros .Established in 1958, Ritchie Bros . (NYSE and TSX: RBA) is a global asset management and disposition company, offering customers end-to-end solutions for buying and selling used heavy equipment, trucks and other assets. Operating in a number of sectors, including construction, transportation, agriculture, energy, mining, and forestry, the company's selling channels include: Ritchie Bros . Auctioneers , the world's largest industrial auctioneer offering live auction events with online bidding; IronPlanet, an online marketplace with weekly featured auctions and providing the exclusive IronClad Assurance® equipment condition certification; Marketplace-E , a controlled marketplace offering multiple price and timing options; Ritchie List , a self-serve listing service for North America ; Mascus , a leading European online equipment listing service; Ritchie Bros . Private Treaty, offering privately negotiated sales; and sector-specific solutions GovPlanet , TruckPlanet, and Ritchie Bros . Energy . The Company's suite of solutions also includes Ritchie Bros . Asset Solutions and Rouse Services LLC , which together provides a complete end-to-end asset management, data-driven intelligence and performance benchmarking system; SmartEquip , an innovative technology platform that supports customers' management of the equipment lifecycle and integrates parts procurement with both OEMs and dealers; plus equipment financing and leasing through Ritchie Bros . Financial Services. For more information about Ritchie Bros ., visit RitchieBros.com.
Photos and video for embedding in media stories are available at rbauction.com/media .
SOURCE Ritchie Bros .
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