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$48MM+ of Equipment Sold at Ritchie Bros. Houston Auction

August 30, 2021, 07:17 AM
Filed Under: Auction News

Ritchie Bros.' Texas team has had a busy summer, with a more than $50 million auction in Fort Worth in July, an over $99 million retirement sale for Barrilleaux Inc. in early August, and $48 million auction in Houston.

The company's latest Houston auction last week attracted a site record of more than 12,250 bidders from 66 countries. Approximately 88 percent of the equipment was sold to U.S. buyers, including 40 percent sold to Texans, while the remaining 12 percent was purchased by international buyers from as far away as Australia, Israel and Peru. Leading up to the auction, Ritchie Bros. saw a 26 percent increase in online equipment views per lot, while item watchlists were up 14 percent.

"We continue to drive strong prices in 2021 across nearly every single asset category, exceeding customer expectations, and resulting in a lot of satisfied consignors," said Alan McVicker, Regional Sales Manager, Ritchie Bros.

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