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Ritchie Bros. Sells $244MM+ of Equipment at 2023 Premier Global Auction in Orlando, FL

February 28, 2023, 07:18 AM
Filed Under: Auction News

Ritchie Bros. sold over 13,300 equipment items, trucks and vehicles at its Premier Global Auction in Orlando, FL, generating more than $244 million in gross transaction value.

The February 20-24 auction attracted over 22,600 people from over 80 countries, with approximately 83 percent of the equipment selling to U.S. buyers, including 18 percent purchased by Floridians. The remaining 17 percent of the equipment was purchased by international buyers from far away as Belgium, Colombia and Thailand. Auction highlights included more than 790 excavators, 500 truck tractors, 340 skid steer loaders, 200 dozers, and 240 pickup trucks—all assets were sold without minimum bids or reserve prices.

"We saw great attendance onsite and online for our Premier Global Auction in Florida, helping us drive strong results for the massive selection of equipment and vehicles available," said Ann Fandozzi, Chief Executive Officer, Ritchie Bros. "Our 200-acre yard was busy all week with customers inspecting items. Meanwhile, customers participating online had access to our new 360-view videos to help with virtual inspections—these were a real hit with customers, so you can expect to see more of these videos for equipment in our auctions going forward."

Fandozzi continued, "I'd like to offer a huge thank you to all our customers participating onsite and online last week. Our talented team, unique approach to yards, and innovative technology platform provides buyers the confidence to purchase from around the world and gives sellers the very best returns for their assets."

More than 1,100 owners sold equipment in the Orlando, FL auction, including items from Miami-based Halley Engineering Contractors Inc. and Caterpillar dealer Ring Power Corporation.

Ritchie Bros. Hall of Fame

This year in Orlando, Ritchie Bros. introduced its own Hall of Fame to recognize and thank some of the pioneers and innovators who have helped the used equipment industry move, build, and grow. Inductees for 2023 included Randy Ringhaver of Ring Power Corporation, Roland Russell of ELRUS Aggregate Systems, and Dave Ritchie of Ritchie Bros. Auctioneers. To learn more about the Hall of Fame and this year's inductees, visit ritchiebros.com/halloffame.







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