Ritchie Bros.' first Texas auction of 2019 was a huge success, building momentum into the company's massive six-day Orlando, Fla., auction. In total, more than 4,800 equipment items and trucks were sold in the Feb. 12 to 13 Houston, Texas, auction for more than $45 million.
A record 7,150 people from 63 countries registered to bid in the two-day Houston event, including more than 5,400 people registering to bid online. United States' buyers purchased approximately 89 percent of the equipment, including 52 percent purchased by Texas buyers, while international buyers from such countries as Germany, Vietnam and New Zealand purchased 11 percent of the equipment. Online buyers purchased 57 percent of the assets.
"We smashed our Houston attendance record this week — surpassing our previous bidder record set just last November by 28 percent," said Alan McVicker, regional sales manager, Ritchie Bros. "As a result, we achieved solid pricing on most equipment categories, with particularly strong results for transportation assets."
McVicker said, "With 7,150 bidders competing for 4,800 items in Houston, there were many customers unable to get the equipment or trucks they need."
Equipment highlights in the Houston two-day auction included more than 300 truck tractors; more than 350 trailers; more than 80 excavators; more than 80 compactors; more than 45 skid steers; more than 40 loader backhoes; more than 35 dozers; more than 35 loaders; 30 farm tractors; 25 cranes; and more. All items were sold without minimum bids or reserve prices.
Auction Quick Facts
- Total gross transactional value — more than $45 million
- Amount sold to online bidders — more than $26 million (57 percent)
- Total registered bidders (in person and online) — more than 7,150
- Registered online bidders — more than 5,400
- Total lots sold — more than 4,800
- Number of sellers — more than 660
The company's next onsite auction in Texas will be held in Fort Worth on March 12 to 13, 2019. For a complete list of upcoming auctions and equipment available, visit www.rbauction.com and www.ironplanet.com.
CEG
