Ritchie Bros. sells $172 million in equipment at Orlando sale

By Land Line staff | 2/23/2016

Bidders registered for the Ritchie Bros. sale in Orlando, Fla., last week, set a new site record. In just five days, Ritchie Bros. sold a record 10,700-plus items for more than $172 million.

This year’s unreserved auction attracted more than 9,850 bidders from 79 countries. Out-of-state buyers purchased $137 million of equipment (80 percent), including $40 million purchased by out-of-country buyers (23 percent).

Bidders participated in the auction in person, online in real time, and by proxy. Online buyers purchased more than $64 million of equipment (38 percent). All items were sold without minimum bids or reserve prices.

“This is not just a U.S. auction; this is a global event with participation from around the world,” said Terry Dolan, Ritchie Bros. president (USA & Latin America). “People travel from across the globe to attend this auction, and thousands more participate online from as far away as Belgium, Costa Rica, Colombia, Vietnam and more.”

Ritchie Bros. sold equipment and trucks from all the top manufacturers, including Caterpillar, Volvo, John Deere, Komatsu, Terex, Grove, JLG, Kenworth, Peterbilt, Freightliner, International and more. Equipment sold included more than 500 truck-tractors and about 390 trailers.

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