Ritchie Bros. Sells $45MM in Equipment at Latest Houston Auction

Ritchie Bros. sold more than 5,300 equipment items for $45+ million at its Houston auction on August 20 – 21, 2019.

More than 7,250 people registered to bid in the two-day auction, including 5,850+ registering to participate online. U.S. buyers purchased approximately 88% of the equipment, including 47% purchased by Texas buyers, while international buyers from such countries as Australia, Germany, and Vietnam purchased 12% of the equipment. Online buyers purchased 61% of the assets.

“We had record crowds for our Houston auction this week, resulting in a couple of good auction days,” said Alan McVicker, regional sales manager, Ritchie Bros. “We were able to build strong momentum for this sale as a result of an early consignment from well-known local contractor Glenn Fuqua, who was doing a complete dispersal of his construction division. We ended up with more than 7,250 equipment items from 608 consignors in this week’s auction, which is a record for August. We also have 118 items from Texas in our weekly IronPlanet auction.”

McVicker continued, “Our Houston auction also featured a great package of workover rigs and well service support equipment for Martex Well Services. Both Glenn Fuqua and Martex were very pleased with the results we achieved for them. Thank you to all the sellers and buyers in this week’s Houston sale.”

Equipment highlights in the Houston auction included 335+ truck tractors, 315+ trailers, 330+ aerial work platforms, 90+ excavators, 90+ skid steers, 60+ loader backhoes, 45+ dozers, 25+ cranes, and more. All items were sold without minimum bids or reserve prices.

Additionally, close to 100 items were sold for Glenn Fuqua, Inc.

“The auction went very well for us—we were pleased with the equipment prices and the way all the Ritchie Bros. employees handled our business. We couldn’t be happier,” said Glenn Fuqua. “I’ve been working with Ritchie Bros. for decades and have become very good friends with some of their employees. I’ve been in the highway construction business for 46 years would not hesitate to recommend Ritchie Bros. to any contractor. They are outstanding!”

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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