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Ritchie Bros. Hits $55MM+ in Houston Auction

November 16, 2021, 07:15 AM
Filed Under: Auction News

Ritchie Bros. was back in Houston, TX, to sell over 4,650 equipment items and trucks for 675 consignors, generating more than $55 million in gross transaction value.

The auction attracted 13,200+ bidders from 57 countries. Approximately 88 percent of the equipment was sold to U.S. buyers, including 41 percent sold to Texans, while the remaining 12 percent was purchased by international buyers from as far away as Germany, Egypt and Thailand. Leading up to the auction, Ritchie Bros. saw a 33 percent increase in online equipment views per lot, while watchlists per lot were up 89 percent.

"We held an excellent auction last week in Houston, with both bidder registrations and GTV up year over year," said Chuck Roberson, Regional Sales Manager, Ritchie Bros. "Leading up to the event we safely welcomed thousands of interested bidders to our site to inspect and test items in person, resulting in a ton of competition and strong pricing for nearly every asset category."

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