Ritchie Bros. sold more than 4,980 equipment items for 675 consignors, generating USD54 million-plus in gross transaction value, in its recent Houston auction.

"Another strong Houston auction with a ton of customers visiting the site ahead of the event to inspect and compare items prior to bidding online," says Chuck Roberson, regional sales manager. "We had a great package of late-model Cat equipment in this auction that attracted a lot of attention and some solid pricing, including a 2019 Caterpillar 349FL hydraulic excavator that sold for USD260,000 and a 2021 Cat 950GC wheel loader that sold for USD200,000."

The three-day online event attracted more than 11,290 bidders from 53 countries. Approximately 89% of the equipment in the unreserved auction was sold to US buyers, including 47% sold to Texans. The remaining 11% of the equipment was sold to international buyers from as far away as Germany, Australia and Singapore.