Ritchie Bros. Sells 9,400 Items at Orlando Auction

February 27, 2013—Ritchie Bros. Auctioneers sold more then 9,400 items totaling more than US$176 million US at its auction last week in Orlando, Fla. The six-day auction set a new company record for online sales, as online buyers generated more than US$53 million in gross auction proceeds or 31 percent of total gross auction proceeds generated in last week's auction. Internet bidders were winner or runner-up bidder on 51 percent of the lots available online.

 

Close to 8,300 bidders registered for the six-day, unreserved public auction from 80 countries, which featured equipment from more than 780 sellers. Every item in the six-day auction was sold to the highest bidder, regardless of price—without minimum bids or reserve prices.

 

Items sold include a 2012 Grove RT890 90-ton 4x4x4 rough terrain crane that sold for US$725,000 and more than forty 2008 International ProStar and 2007 International 9400I trucks from Walmart's professionally-maintained fleet.