Ritchie Bros. Sells 10,700 Items at Global Auction

Ritchie Bros' Orlando Auction included more than 120 cranes. ENLARGE IMAGE

February 22, 2016 - Last week, buyers from around the world visited Ritchie Bros.’ 200-acre Orlando, Fla., site for the year’s largest equipment auction. In just five days, Ritchie Bros. sold a record 10,700+ items for $172+ million.

 

February is auction season in Florida, and Ritchie Bros.’ Orlando auction attracts record crowds year after year. This year’s unreserved auction on February 15-19 attracted more than 9,850 bidders from 79 countries. Out-of-state buyers purchased $137+ million of equipment (80%), including $40+ million purchased by out-of-country buyers (23%).

 

 

Bidders participated in the auction in person, online in real time at rbauction.com, and by proxy. Online buyers purchased $64+ million of equipment (38%). All items were sold without minimum bids or reserve prices. Ritchie Bros. sold equipment and trucks from all the top manufacturers, including Terex, Grove, Kenworth, Peterbilt, Freightliner, International, and more. Equipment sold included more than 120 cranes; 660 boom and scissor lifts; 500 truck tractors; and 390 trailers.