Ritchie Bros. Sells $44M of Equipment in Houston
HOUSTON, TX More than 4,900 people from 56 countries registered to bid in the two-day auction, including 3,350-plus online bidders who purchased 56 percent ($25-plus million) of the equipment. U.S. buyers purchased 82 percent of the equipment, including 44 percent purchased by Texas buyers. International buyers from as far away as Germany, Indonesia, and New Zealand purchased 18 percent of the equipment.
"With strong attendance both onsite and online, we achieved solid pricing on both days of the auction," said Alan McVicker, Regional Sales Manager, Ritchie Bros. "There's so much work going on in Texas and the whole Gulf Coast area right now; bidders were active, trying to get all the equipment they need for current and upcoming projects.
I'd like to thank all our consignors and buyers at our Houston auctions this year. Our final Texas auction of 2017 will be in Fort Worth on December 13 & 14 and our IronPlanet weekly featured auctions will continue through the rest of the year."
Equipment in the Houston auction was sold for more than 590 owners. The selection included 120-plus excavators, 75-plus compactors, 55-plus skid steers, 50-plus loaders, 50-plus dozers, 50-plus cranes, 335-plus truck tractors, 265 trailers and much more. All items were sold without minimum bids or reserve prices.
Auction quick facts:
"¢ Gross transactional value - $44+ Million
"¢ Amount sold to online bidders - $25+ Million
"¢ Total registered bidders (onsite and online) - 4,900+
"¢ Online registered bidders - 3,350+
"¢ Number of lots sold - 3,800+
"¢ Number of sellers - 590+
Ritchie Bros. currently has more than 52,000 equipment items listed to sell through onsite auctions, IronPlanet online auctions and its other marketplaces. For detailed equipment info, please visit rbauction.com and IronPlanet.com.