Ritchie Bros. auction earns $54M

News Story
- 1 Sep 2022 ( #1092 ) - Houston, TX, United States
1 min read
Strong bidding in online auction
Strong bidding in online auction

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.

Record auction for Ritchie Bros. 
Record auction for Ritchie Bros.  22 Dec 2022 - Fort Worth, TX, United States - 1 min read
Strong demand at Texas auction
Strong demand at Texas auction 21 Apr 2022 - Houston, TX, United States - 1 min read
Auction volumes fall, prices rise
Auction volumes fall, prices rise 20 Jan 2022 - Vancouver, BC, Canada - 1 min read
Previously about:
Ritchie Bros. urges merger support News Story - 2 Mar 2023 - Vancouver, BC, Canada - 1 min read
Auction volumes fall, prices rise News Story - 20 Jan 2022 - Vancouver, BC, Canada - 1 min read
AWP sellers cash in News Story - 23 Sep 2021 - Vancouver, BC, Canada - 1 min read
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