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Ritchie Bros. Sells $50MM of Equipment in Houston

November 08, 2018, 07:07 AM
Filed Under: Auction News
Related: Auction, Ritche Bros.

Ritchie Bros. ended its 2018 Houston auction season with a strong event this week, selling more than $50 million of equipment and setting multiple site records.

Approximately 5,600 people from 58 countries registered to bid in the Nov. 6 – 7, 2018 auction—setting a new Houston site record—including 4,100+ people registering to bid online. U.S. buyers purchased approximately 88 percent of the equipment, including 45 percent purchased by Texas buyers, while international buyers from such countries as Mexico, New Zealand and The Netherlands purchased 12 percent of the equipment. Online buyers purchased 59 percent of the assets. 

"We had a couple of great days here in Houston, setting new site records for bidders and consignors and selling more equipment than we ever have before in November," said Alan McVicker, Regional Sales Manager, Ritchie Bros. "Even with the midterm elections on Day One of the sale, we still saw record attendance. Contractors continue to be optimistic about current and future project work, resulting in active bidding and strong pricing across the board."

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