Ritchie Bros. Sells $77MM in Equipment at Largest-Ever Texas Auction
NOV 8, 2019 - 6:10 am
Ritchie Bros. sold more than 6,500 items for over $77 million at its largest-ever Texas auction in Houston. As a transportation equipment hotspot for Ritchie Bros., the two-day auction featured more than 620 truck tractors, totaling $15 million in gross transaction value—setting a new company record for truck tractor sales in a single auction.
More than 8,100 people registered to bid in the November 5 – 6, 2019 auction, including 6,500+ registering to participate online. U.S. buyers purchased approximately 90 percent of the equipment, including 43 percent purchased by Texas buyers, while international buyers from such countries as France, Australia, and the Philippines purchased 10 percent of the equipment. Online buyers purchased 61 percent of the assets.
“We broke nearly every Texas record we have with this week’s Houston auction,” said Alan McVicker, regional sales manager, Ritchie Bros. “With a record 6,500 items, we attracted our largest audience ever, resulting in solid pricing on both days of the auction. We’d like to thank all our sellers for putting their trust in us to get them the best possible returns for their assets.”
McVicker added, “For bidders who were unable to get the equipment they need in Houston this week, I encourage them to check out our IronPlanet online auction today. There are lots of potential deals up for grabs.”
Equipment highlights in the Houston auction included 140+ excavators, 135+ skid steers, 100+ loader backhoes, 85+ cranes, 40+ dozers, 380+ aerial work platforms, and more. All items were sold without minimum bids or reserve prices.
Ritchie Bros. currently has more than 50,000 equipment items, trucks, and other assets listed for sale through its variousmarketplaces.
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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