Two-day online auction attracted 11,300+ bidders from 67
countries; up 39% year over year
HOUSTON, Nov. 12, 2020 /CNW/ - Demand for equipment at
Ritchie Bros.' online auctions continues to break records, as the
company saw bidder registrations jump 39 percent year over year for
this week's US$53+ million auction in Houston, TX.
Due to COVID, the November 10 – 11
auction was conducted 100% online, attracting interested bidders
from 67 countries. Approximately 85 percent of the assets in the
auction were purchased by U.S. buyers, including 40 percent
purchased by buyers from Texas,
while international buyers from as far away as Mexico, Australia, and the United Kingdom purchased 15 percent.
"As one of the first big auctions of our fourth quarter, we are
excited by the continued record-breaking demand and strong pricing
we achieved this week in Houston,"
said Alan McVicker, Regional Sales
Manager, Ritchie Bros. "Auction after auction we continue to prove
that no matter the format—onsite, online, or both—we deliver
unmatched demand and results. In fact, we saw more international
participation in Houston this week
than the site had seen in 12 – 18 months. If you have equipment to
sell, we encourage you to contact us today to be a part of one of
the many events we have before the end of the year."
Sales highlights include:
- A 2012 Link-Belt HTC3140LB 140-ton 10x6x4 hydraulic truck crane
sold for US$425,000
- A 2005 Terex HC275 275-ton crawler crane sold for US$350,000
- A 2019 Komatsu PC360LC-11 hydraulic excavator sold for
US$185,000
- A 2017 Volvo A40G 6x6 articulated dump truck sold for
US$177,500
- A 2016 Caterpillar 930M wheel
loader sold for US$125,000
AUCTION QUICK FACTS: HOUSTON,
TX (NOVEMBER 2020)
- Gross Transaction Value (GTV): US$53+ million
- Total Registered Bidders: 11,300+
- Total Number of Lots: 5,900+
- Total Number of Consignors: 700
Ritchie Bros.' final Texas
auction of the year will be held in Fort
Worth on December 8 – 9, 2020.
For more information about buying and selling with Ritchie Bros.,
visit RitchieBros.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, 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.