Ritchie Bros. Sells $44+ Million of Equipment in Houston

August 29, 2018 - Ritchie Bros. sold US$44+ million of equipment and trucks over two days at its latest Houston, TX unreserved auction.

More than 5,100 people from 58 countries registered to bid in the August 21 - 22, 2018 auction, including 3,600+ people registering to bid online. U.S. buyers purchased approximately 90 percent of the equipment, including 52 percent purchased by Texas buyers, while international buyers from such countries as Mexico, Australia, and the United Kingdom purchased 10 percent of the equipment. Online buyers purchased 53 percent of the assets.

"We're experiencing hot temperatures in Texas and an equally hot equipment market right now, with a lot of ongoing and upcoming projects and strong demand for gear. As a result, we saw record attendance for our August auction, up approximately 13 percent from our Houston auction last summer," said Alan McVicker, Regional Sales Manager, Ritchie Bros. "Pricing was strong both days of the auction. Yellow iron sold exceptionally well, and transportation, lifting and handling and energy equipment prices were also strong. I encourage anyone unable to get the piece they wanted at our Houston auction this week, to check out our IronPlanet auction online today where we will sell more than 1,600 equipment items and trucks."

In total, Ritchie Bros. sold close to 4,600 items for 575 owners in Houston this week. Highlights included 260+ truck tractors, 75+ excavators, 65+ skid steers, 50+ compactors, 40+ loaders, 35+ cranes, 30+ dozers, 20+ farm tractors, 140+ aerial work platforms, and more. All items were sold without minimum bids or reserve prices.

Specific equipment highlights:

A 2011 Grove RT9150E series 1 & 2 150-ton 4x4 rough terrain crane sold for US$440,000
A 2011 Rollingon 0AT800 portable fracturing unit sold for US$310,000
Two 2016 Mack CHU613 T/A day cab truck tractors sold for a combined US$185,000
A 2015 Caterpillar 336FL hydraulic excavator sold for US$170,000
A 1984 Caterpillar D7G w/ Midwestern crawler pipelayer sold for US$132,500
A 2013 Peterbilt 348 T/A fuel and lube truck sold for US$127,500
A 2014 International Durastar single-axle regenerative air street sweeper sold for US$105,000

AUCTION QUICK FACTS: HOUSTON, TX (August 2018)

Total gross transactional value – US$44+ million
Amount sold to online bidders – US$23+ million (53 percent)
Total registered bidders (in person and online) – 5,100+
Registered online bidders – 3,600+
Total lots sold – 4,590+
Number of sellers – 575

Ritchie Bros. currently has more than 40,000 equipment items, trucks, and other assets listed for sale in its upcoming onsite unreserved auctions, IronPlanet weekly online auctions, Marketplace-E and its other marketplaces. For a complete list of upcoming auctions and equipment available, visit rbauction.com and ironplanet.com.