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


Ritchie Bros. Sells Over $44MM of Equipment in Houston Auction

November 10, 2017, 08:00 AM
Filed Under: Auction News

This week Ritchie Bros. Auctioneers sold more than 3,800 equipment items and trucks for US$44+ million at its Houston, TX auction site.

More than 4,900 people from 56 countries registered to bid in the two-day auction (Nov. 8 – 9), including 3,350+ online bidders who purchased 56 percent (US$25+ million) of the equipment. U.S. buyers purchased 82 percent of the equipment, including 44 percent purchased by Texas buyers. International buyers from as far away as Germany, Indonesia, and New Zealand purchased 18 percent of the equipment.

"With strong attendance both onsite and online, we achieved solid pricing on both days of the auction," said Alan McVicker, Regional Sales Manager, Ritchie Bros. "There's so much work going on in Texas and the whole Gulf Coast area right now; bidders were active, trying to get all the equipment they need for current and upcoming projects."

McVicker continued, "I'd like to thank all our consignors and buyers at our Houston auctions this year. Our final Texas auction of 2017 will be in Fort Worth on December 13 & 14 and our IronPlanet weekly featured auctions will continue through the rest of the year."

Equipment in the Houston auction was sold for 590+ owners. The selection included 120+ excavators, 75+ compactors, 55+ skid steers, 50+ loaders, 50+ dozers, 50+ cranes, 335+ truck tractors, 265 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.