Ritchie Bros. sold more than 4,650 equipment items and trucks for 675 consignors at its recent Houston auction, generating more than $55 million in gross transaction value.

The auction was held from Nov. 9 to Nov. 11 and attracted more than 13,200 bidders from 57 countries. Approximately 88% of the equipment was sold to U.S. buyers, including 41% sold to Texans, while the remaining 12% was purchased by international buyers from countries such as Germany, Egypt and Thailand. Leading up to the auction, Ritchie Bros. experienced a 33% increase in online equipment views per lot, while watchlists per lot were up 89%.

“We held an excellent auction last week in Houston, with both bidder registrations and GTV up year over year,” Chuck Roberson, regional sales manager for Ritchie Bros., said. “Leading up to the event, we safely welcomed thousands of interested bidders to our site to inspect and test items in person, resulting in a ton of competition and strong pricing for nearly every asset category.

“We would like to thank all the consignors and buyers who participated in our Houston auctions in 2021. We have one more Fort Worth event Dec. 7–10, as well as a ton of online buying and selling opportunities with IronPlanet, Marketplace-E and Ritchie List. Now is a great time to sell — contact us to consign your surplus equipment today.”

Five Big Sellers

• 2019 Caterpillar 815K compactor – $485,000
• 2002 Grove GMK5240 240-ton 10x8x10 all-terrain crane – $325,000
• 2015 Caterpillar D8T dozer – $295,000
• 2016 Case IH 580 Quadtrac MFWD tractor – $240,000
• 2020 Kenworth T680 sleeper truck tractor – $167,500

Auction Quick Facts

• Gross Transaction Value (GTV): More than $55 million
• Total Registered Bidders: More than 13,200
• Total Number of Lots: More than 4,650
• Total Number of Consignors: 675