The August 25-26 Houston auction, which was conducted with online-bidding only, attracted over 11,100 registered bidders from more than 60 countries. U.S. buyers purchased approximately 90 percent of the equipment, including 40 percent purchased by Texas buyers, while international buyers from such countries as Argentina, France, and Saudi Arabia purchased 10 percent of the equipment.
"We had a great two days down here in Houston and were very fortunate that the approaching Hurricane Laura didn't affect our operation in any way," said Alan McVicker, Regional Sales Manager at Ritchie Bros. "We had a record turnout of online bidders, and consignors were very happy with the enthusiastic bidder participation and results. We had a nice mix of construction gear, material handling equipment, cranes, oilfield-related assets, and a huge number of trucks, so there was really something for everyone at this auction. And that, together with the volume of bidders, resulted in strong pricing across the board."
Equipment highlights in the Houston auction included over 380 truck tractors, 425 trailers, 150 boom & scissor lifts, 140 excavators, 45 wheel loaders, 45 dozers, and more. All items were sold without minimum bids or reserve prices.
- Total gross transactional value - over $57 million, new August auction site record
- Total registered bidders - over 11,100, new site record
- Total lots sold - over 5,300
- Total number of sellers - over 680
"Thank you to all our consignors for trusting us to deliver results for your assets," McVicker said. "For any companies looking to sell assets, we have solutions to meet every customer need, including onsite auctions, weekly online auctions, oil & gas specific events through Kruse Energy, and our Marketplace-E reserved solution."
Ritchie Bros. connects equipment buyers and sellers through a global network of auction facilities and online sales channels. The company delivers multiple solutions for customers across many industries — helping farmers grow, truckers move product, and contractors build. Ritchie Bros. Auctioneers conducts more than 350 live unreserved auctions each year at over 40 permanent sites and many temporary locations around the world, all with onsite and online bidding.