Last week Ritchie Bros. continued its auction season kick off in a big way, selling +7,400 items through two events – a $59-million record-breaking Phoenix auction and a $55-million Houston auction.
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All assets were sold 100% online. On February 17 – 18, Ritchie Bros. held a two-day unreserved auction in Phoenix that broke site records for GTV and auction registrations. Over 10,000 customers registered to bid on 2,400+ equipment items being sold. Approximately 96 percent of the equipment was purchased by U.S. buyers, while international buyers picked up the remaining four percent.
Specific highlights from the Phoenix auction included over 345 assets, including 90+ late-model Simple 18 dump trucks, plus +45 late-model Peterbilt truck tractors, for Heritage Trucking, Inc.
On February 15 – 17, the company sold just under 5,000 equipment items from its Houston auction site, attracting 15,800+ bidders from 62 countries.
Approximately 90 percent of the items in the auction were sold to U.S. buyers, including 46 percent purchased by Texas buyers and six percent from buyers in California. The remaining 10 percent was sold to international buyers as far away as Chile, Russia, and the United Kingdom.
The two auctions were part of what is expected to be a big February for Ritchie Bros. The company recently introduced new technology to improve the customer online bidding experience and is currently conducting its premier global equipment auction from February 21-26 in Orlando, FL.
Over 11,000 items will be sold to buyers around the world at this global equipment event. It's not too late to join the action and get the equipment and trucks you need. Every item sells to the highest bidder, regardless of price.
• Feb 21 Day 1: Skid Steers, Backhoes, Telescopic Forklifts, and Boom Lifts (completed)
• Feb 22 Day 2: Wheel Loaders, Motor Graders, Agriculture Tractors, Trenchers, and Drills
• Feb 23 Day 3: Rollers, Crawler Tractors, Cranes, Screens, Crushers, and Pavers
• Feb 24 Day 4: Hydraulic Excavators, Midi Excavators, Mini Excavators
• Feb 25 Day 5: Truck Tractors, Water Trucks, Mixer Trucks, Dump Trucks, Mechanics Trucks
• Feb 26 Day 6: Bucket Trucks, Rolloff & Rollback Trucks, Flatbed Trucks, and Van Trucks ■