Ritchie breaks company records

Ritchie Bros. Auctioneers has completed what it describes as the world's largest heavy equipment auction. The event in Orlando, Florida, USA, attracted global bidding, and it “broke multiple company records.” New records were set for gross auction proceeds (US$203 million); number of lots sold (more than 10,000); total number of registered bidders (8,670); number of sellers (830); online gross auction proceeds (more than US$47 million) and number of online bidders (4,070).
March 23, 2012 Read time: 1 min

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8033 Ritchie Bros. Auctioneers has completed what it describes as the world's largest heavy equipment auction.

The event in Orlando, Florida, USA, attracted global bidding, and it “broke multiple company records.”

New records were set for gross auction proceeds (US$203 million); number of lots sold (more than 10,000); total number of registered bidders (8,670); number of sellers (830); online gross auction proceeds (more than US$47 million) and number of online bidders (4,070).

More than 8,670 registered bidders from 88 countries, including all 50 US states, all Canadian provinces and two territories, participated both in person and online.

More than $160 million (or 79%) was sold to buyers located outside the state of Florida and more than US$73 million (or 36%) was sold to buyers outside the United States.

Auctions, Used Equipment, Rental & Finance

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