With its final Houston, TX site auction of the year, Ritchie Bros. attracted more than 11,200 online bidders to compete for over 6,000 items, generating over $64 million in gross transaction value.
Approximately 87 percent of the equipment in the Nov. 8 – 10 auction was sold to U.S. buyers, including 44 percent purchased by Texans. The remaining 13 percent was purchased by international buyers from far away as Thailand, Egypt and Great Britain. Auction highlights included over 1,600 transportation assets, 1,100 construction equipment assets, 1,000 agricultural assets, 600 lifting & material handling assets, and more—all assets were sold without minimum bids or reserve prices.
"We had great weather and a lot of interested bidders inspecting equipment onsite ahead of the sale, resulting in strong competition through all three days of the auction," said Chuck Roberson, Regional Sales Manager, Ritchie Bros.