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Ritchie Bros. Sells $45MM of Equipment in Houston Auction

August 23, 2019, 06:00 AM
Filed Under: Auction News

Ritchie Bros. sold more than 5,300 equipment items for over $45 million at its latest Houston, TX, auction.

More than 7,250 people registered to bid in the two-day auction, including 5,850 registering to participate online. U.S. buyers purchased approximately 88 percent of the equipment, including 47 percent purchased by Texas buyers, while international buyers from such countries as Australia, Germany, and Vietnam purchased 12 percent of the equipment. Online buyers purchased 61 percent of the assets.

"We had record crowds for our Houston auction this week, resulting in a couple of good auction days," said Alan McVicker, Regional Sales Manager, Ritchie Bros. "We ended up with more than 7,250 equipment items from 608 consignors in this week's auction, which is a record for August.”

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