This week Ritchie Bros. Auctioneers held its first Houston auction of 2018, selling 3,800+ equipment items over two days for US$40+ million.
 
More than 5,500 people from 56 countries registered to bid in the auction (February 13 – 14), including 3,900+ online bidders who purchased 57 percent (US$23+ million) of the equipment. U.S. buyers purchased 80 percent of the equipment, including 46 percent purchased by Texas buyers. International buyers from as far away as India, Malaysia, and Australia purchased 20 percent of the equipment.

"We had a record number of bidders who were very active in our Houston auction this week, helping us achieve strong prices across all equipment categories," said Alan McVicker, Regional Sales Manager, Ritchie Bros. "The Houston auction is a great platform to build momentum leading up to some other big Ritchie Bros. events this month, including our weekly online IronPlanet auction tomorrow, with a great selection of pipeline support equipment from the Houston area, and our massive, six-day Orlando auction that starts next Monday."

Equipment in the Houston auction was sold for 550+ owners. The selection included 150+ excavators, 105+ compactors, 65+ skid steers, 55 cranes, 35 dozers, 25 loaders, 310+ truck tractors, 240+ trailers and much more. All items were sold without minimum bids or reserve prices.