11,100+ people from 60+ countries participated in the two-day,
online-only auction
HOUSTON, Aug. 27, 2020 /CNW/ - This week in Houston, TX, Ritchie
Bros. sold more than 5,300 equipment items and trucks for
US$57+ million, setting new site records for total gross
transactional value for an August auction and total number of
registered bidders.
The August 25 – 26 Houston
auction, which was conducted with online-bidding only, attracted
11,100+ registered bidders from more than 60 countries. U.S. buyers
purchased approximately 90 percent of the equipment, including 40
percent purchased by Texas buyers,
while international buyers from such countries as Argentina, France, and Saudi
Arabia purchased 10 percent of the equipment.
"We had a great two days down here in Houston, and were very fortunate that the
approaching Hurricane Laura didn't affect our operation in any
way," said Alan McVicker, Regional
Sales Manager, Ritchie Bros. "We had
a record turnout of online bidders and consignors were very happy
with the enthusiastic bidder participation and results. We had a
nice mix of construction gear, material handling equipment, cranes,
oilfield-related assets and a huge number of trucks, so there was
really something for everyone at this auction. And that, together
with the volume of bidders, resulted in strong pricing across the
board."
Equipment highlights in the Houston auction included 380+ truck tractors,
425+ trailers, 150+ boom & scissor lifts, 140+ excavators, 45+
wheel loaders 45+ dozers, and more. All items were sold without
minimum bids or reserve prices.
AUCTION QUICK FACTS: HOUSTON,
TX (August 2020)
- Total gross transactional value – US$57+ million
*new August auction site record
- Total registered bidders – 11,100+ *new site record
- Total lots sold – 5,300+
- Total number of sellers – 680+
"Thank you to all our consignors for trusting us to deliver
results for your assets," added Mr. McVicker. "For any companies
looking to sell assets, we have solutions to meet every customer
need, including onsite auctions, weekly online auctions, oil &
gas specific events through Kruse Energy, and our Marketplace-E
reserved solution."
For a complete list of upcoming auctions and equipment
available, visit rbauction.com and ironplanet.com.
About Ritchie
Bros.:
Established in 1958, Ritchie Bros. (NYSE and TSX: RBA) 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. Operating in a number of sectors,
including construction, transportation, agriculture, energy, oil
and gas, mining, and forestry, the company's selling channels
include: Ritchie
Bros. Auctioneers, the world's largest industrial
auctioneer offers live auction events with online bidding;
IronPlanet, an online marketplace with featured weekly
auctions and providing the exclusive IronClad
Assurance® equipment condition certification; Marketplace-E, a
controlled marketplace offering multiple price and timing options;
Mascus, a leading European online equipment listing service;
and Ritchie Bros. Private
Treaty, offering privately negotiated sales. The company's
suite of multichannel sales solutions also includes Ritchie Bros. Asset Solutions, a complete
end-to-end asset management and disposition system. Ritchie Bros. also offers sector-specific
solutions including GovPlanet, TruckPlanet, and Kruse
Energy Auctioneers, plus equipment financing and leasing
through Ritchie Bros.
Financial Services. For more information about
Ritchie Bros., visit
RitchieBros.com.
Photos and video for embedding in media stories are
available at rbauction.com/media.
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SOURCE Ritchie Bros.