FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / News / Read News


Ritchie Bros. Sells $46MM+of Equipment in June Houston Auction

June 23, 2017, 07:00 AM
Filed Under: Auction News

Ritchie Bros. conducted its third Houston auction of the year this week, selling 4,700+ equipment items and trucks for US$46+ million—making it the largest June auction ever for the site.

Over two action-packed days (June 21 – 22, 2017), more than 4,250 people from 57 countries registered to bid in the auction, including 2,850+ people who registered to bid online. Approximately 58 percent of the equipment (US$26+ million) was sold to online bidders. U.S. buyers purchased 86 percent of the equipment, including 44 percent purchased by Texas buyers. International buyers from as far away Australia, Egypt, and Vietnam purchased 14 percent of the equipment.

"We had a very successful auction with a wide range of equipment items and trucks selling for just about every sector," said Alan McVicker, Regional Sales Manager, Ritchie Bros. "Enthusiastic bidder turnout both onsite and online, along with strong pricing, helped make this our largest June auction ever in Houston. We had an impressive line-up of cranes that attracted a lot of attention from around the world, we were particularly pleased with the price we got for a customer selling a Manitowoc 16000 440-ton crawler crane that went for US$2.25 million. I would like to offer a big thank you to all of our consignors, bidders and buyers that continue to make our auctions great events."

Equipment in the auction was sold for 550+ owners. The selection included 120+ excavators, 75+ cranes, 55+ dozers, 50+ compactors, 50+ skid steers, 55+ dump trucks, 325+ truck tractors, 330+ trailers and much more. All items were sold without minimum bids or reserve prices.

Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.