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Ritchie Bros. Sells $44M+ of Equipment in Houston Auction

June 22, 2018, 07:10 AM
Filed Under: Auction News
Related: Auction, Ritche Bros.

Ritchie Bros. Auctioneers held its third Houston auction of 2018, selling more than 4,300 equipment items and trucks over two days for some $44 million.

More than 4,150 people from 55 countries registered to bid in the auction (June 19–20), including roughly 2,800 online bidders who purchased 63 percent ($28+ million) of the equipment. U.S. buyers purchased 87 percent of the equipment, including 43 percent purchased by Texas buyers, while international buyers from such countries as Argentina, China and the United Arab Emirates purchased 13 percent of the equipment.

"We had a great selection of assets from a record 595 sellers in this auction," said Alan McVicker, Regional Sales Manager, Ritchie Bros. "We saw strong results for the large number of late-model construction items in the auction, and transportation assets, which sold on Day Two, continue to bring solid prices in 2018. This auction also had a great lineup of cranes and aerial equipment that achieved strong prices as well."

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