Ritchie Bros. Hits $297MM+ in World’s Largest Equipment Auction



Ritchie Bros. hosted its largest auction ever at a 220-acre auction site in Orlando, FL. Over six days, the company sold 13,350+ assets for over $297 million — up 7% from last year’s $278+ million total.

The massive selection of equipment attracted more than 15,900 people from 88 countries and including 11,300+ bidders participating online in real time from around the world, setting a new site record.

At the end of the six-day event, approximately 84% of the assets were purchased by buyers from outside Florida, showcasing the auction’s wide appeal. U.S. buyers purchased 85% of the equipment, while international buyers from countries such as Australia, China, Colombia, Germany, Nigeria and the United Arab Emirates purchased 15%. Online buyers purchased approximately 49% of the equipment.

“We had a great week in Orlando, helping more than 1,150 companies sell their surplus equipment to buyers from nearly every corner of the world,” said Ravi Saligram, Ritchie Bros CEO. “Orlando is the Super Bowl of auctions and our team was prepared and performed tremendously, helping us set multiple company records, including our largest ever gross transactional value and the most equipment we’ve sold in one auction in 60-plus years of business.”

Equipment highlights from the event included 800+ excavators, 640+ compactors, 430+ loaders, 395 skid steers, 385 dozers, 210+ articulated dump trucks, 240+ dump trucks, 465+ aerial work platforms and 465+ truck tractors.

Every single item was sold without minimum bids or reserve prices.


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Terry Mulreany
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