Ritchie Bros. Sells $42MM+ in Assets in Houston Auction



Ritchie Bros. sold more than 4,100 equipment items over two days for over $42 million at its third Houston auction this year.

More than 5,800 people registered to bid in the June auction, including 4,500+ registering to participate online. U.S. buyers purchased approximately 88% of the equipment, including 46% purchased by Texas buyers. International buyers from such countries as Egypt, Singapore, and the United Kingdom purchased 12% of the equipment, while online buyers purchased 62% of the assets.

“We had a great selection of assets and the market was steady for good, late-model construction equipment,” said Alan McVicker, regional sales manager, Ritchie Bros. “There was a great lineup of aerial equipment that achieved solid prices as well. We’re already looking forward to our next Houston sale, featuring a complete dispersal for the construction division of Glenn Fuqua. The dispersal package includes late-model construction and asphalt equipment, cranes and more. Consignments are already being added daily.”

June’s Houston auction also featured a special online Marketplace-E event, which runs June 10-21 and will provide buyers with even more equipment to choose from. With ‘Make Offer’ and ‘Buy Now’ formats, this event gives sellers additional control over the selling price and process. More than 200 items are still available for purchase at ironplanet.com/mpe-houston.

Equipment highlights from the June Houston auction included 440+ truck tractors, 350+ trailers, 100+ excavators, 50+ loader backhoes, 60+ skid steers, 30+ dozers, 50+ cranes, 80+ aerial work platforms and more. All items were sold without minimum bids or reserve prices.

Ritchie Bros. currently has more than 40,000 equipment items, trucks, and other assets listed for sale through its various marketplaces. The company’s next onsite auction in Texas will be held in Fort Worth on July 16 – 17, 2019.

Established in 1958, Ritchie Bros. 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.


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Terry Mulreany
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