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Ritchie Bros. Sells $43MM+ of Equipment in Houston Auction

April 24, 2020, 07:00 AM
Filed Under: Auction News

This week in Houston, TX, Ritchie Bros. sold more than 4,400 equipment items and trucks for more than $43 million.

The auction, which was conducted with online-bidding only due to state gathering restrictions, attracted more than 8,600 registered bidders from 62 countries. U.S. buyers purchased approximately 93 percent of the equipment, with the top three state buyers being Texas, California and Florida, while international buyers from such countries as India, Italy and Peru purchased 7 percent of the equipment.  Approximately 22 percent of purchases were made through Ritchie Bros.' mobile application.

"Our Houston auction this week was a great showcase of our ability to continue to drive demand in uncertain times," said Alan McVicker, Regional Sales Manager, Ritchie Bros. "This auction was different than past Houston auctions, with no onsite bidders—all bidding was done online to ensure the health and safety of our employees and customers. Regardless, we saw record attendance for this time of year and solid pricing across most equipment categories, including oil & gas-specific equipment."

More than 460 consignors sold equipment in the auction, including a complete retirement dispersal for Zoch Construction Inc., based in Centerville, TX.

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