Ritchie Bros. Sells More Than $44M in Equipment at Auction

Fri November 10, 2017 - National Edition
Construction Equipment Guide

Ritchie Bros. Auctioneers sold more than 3,800 equipment items and trucks for more than $44 million at its Houston auction site the week of Nov. 6.

More than 4,900 people from 56 countries registered to bid in the two-day auction (Nov. 8 – 9), including more than 3,350 online bidders who purchased 56 percent (more than $25 million) of the equipment. U.S. buyers purchased 82 percent of the equipment, including 44 percent purchased by Texas buyers. International buyers from as far away as Germany, Indonesia and New Zealand purchased 18 percent of the equipment.

"With strong attendance both onsite and online, we achieved solid pricing on both days of the auction," said Alan McVicker, Regional Sales Manager, Ritchie Bros. "There's so much work going on in Texas and the whole Gulf Coast area right now; bidders were active, trying to get all the equipment they need for current and upcoming projects."

Mr. McVicker continued, "I'd like to thank all our consignors and buyers at our Houston auctions this year. Our final Texas auction of 2017 will be in Fort Worth on December 13 & 14 and our IronPlanet weekly featured auctions will continue through the rest of the year."

Equipment in the Houston auction was sold for 590+ owners. The selection included 120+ excavators, 75+ compactors, 55+ skid steers, 50+ loaders, 50+ dozers, 50+ cranes, 335+ truck tractors, 265 trailers and much more. All items were sold without minimum bids or reserve prices.

Sales highlights include:

a 1998 Liebherr LR1250 Litronic 275-ton self-erecting crawler crane sold for $400,000;

two 2013 John Deere 350G LC hydraulic excavators sold for a combined $305,000;

a 2010 Hammel VB950DK Red Giant crawler primary shredder sold for $275,000;

a 2006 Caterpillar 980H wheel loader sold for $207,500; and

a 2014 Caterpillar D6T LGP dozer sold for $200,000.

Auction Quick Facts: Houston (November 2017)

Gross transactional value – more than $44 million

Amount sold to online bidders – more than $25 million

Total registered bidders (onsite and online) – more than 4,900

Online registered bidders – more than 3,350

Number of lots sold – more than 3,800

Number of sellers – more than 590

Ritchie Bros. currently has more than 52,000 equipment items listed to sell through onsite auctions, IronPlanet online auctions and its other marketplaces. For detailed equipment info, please visitrbauction.com and IronPlanet.com.

Ritchie Bros. Auctioneers' final Texas auction of the year, in Fort Worth, will be held on December 13 – 14. For those looking to sell equipment in the auction, please contact the site directly at +1.817.237.6544.

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