Dubai auction by Ritchie Bros. sets records for bidders

A two-day unreserved public auction in Dubai set a record for number of bidders, according to the auction organisers by Ritchie Brothers. More than US$42 million worth of construction equipment including trucks went under the hammer on September 8 and 9 in the United Arab Emirate member state. Eduard Faig, regional sales manager for Ritchie Brothers, said the event set new Dubai records for the total number of on-site bidders, reaching just over 920, and for the number of online bidders, more than 400
September 11, 2015 Read time: 2 mins
A two-day unreserved public auction in Dubai set a record for number of bidders, according to the auction organisers by 8031 Ritchie Bros.

More than US$42 million worth of construction equipment including trucks went under the hammer on September 8 and 9 in the United Arab Emirate member state.

Eduard Faig, regional sales manager for Ritchie Brothers, said the event set new Dubai records for the total number of on-site bidders, reaching just over 920, and for the number of online bidders, more than 400.

Over 2,600 equipment items were sold, including more than 100 excavators, 85 compactors, 85 telescopic forklifts, 80 wheel loaders, 65 cranes, 40 loader backhoes, 85 dump trucks, 55 truck tractors and more.

"We sold items for more than 200 equipment owners from the Middle East and beyond,” said Faig. “Particular strong performers in the auction were cranes, telescopic forklifts and backhoes. And we already have a huge selection of construction equipment and trucks consigned to our next Dubai auction, in December.”

Buyers from outside Dubai, and as far away as Australia, United Kingdom and Mexico, purchased around $19 million worth of machinery - 45% of equipment in the auction. Online bidders purchased around $5 million (12%) of all the equipment on offer, according to data from Ritchie Brothers, which is based just outside Vancouver, Canada.

Sales highlights included a 2009 7102 Tadano GR-700EX 70tonne rough terrain crane which sold for $325,000. There were two 2011 255 JCB 550-170 telescopic forklifts which sold for a combined $170,000 and a 2011 Euro Tech 5MZ3000T concrete batch plant sold for $110,000.

Ritchie Brothers International Auctioneers has operations in 19 countries, including 44 auction sites worldwide.

Asphalt milling, paving & compaction Finance & Funding

For more information on companies in this article

Related Content

  • Prices strong at Euro Auctions as A-Plant sale in Leeds
    August 5, 2015
    Euro Auctions reported that it has held the largest one-owner sale in the UK this year, for Ashtead Plant Hire (A Plant) selling more than 800 lots. The auction, held in the city of Leeds on July 22, was the fourth sale that Euro Auctions has conducted for A-Plant and customers were bidding from more than 40 countries. More than 33% of bidding activity was online. David Betts, from Euro Auctions, said the sale catalogue consisted of more than 45 excavators, over 25 rollers, 70 tele-handlers, 80 dumper
    Read More
  • Market bullish at bauma China 2016 exhibition
    February 1, 2017
    Key manufacturers reported a return to business confidence in China at the recent bauma China 2016 construction equipment exhibition The event was held at the Shanghai New International Expo Centre (SNIEC) and attracted 170,000 visitors from 149 countries, despite the cold weather and constant rain that plagued its first two days. The healthy attendance is a reflection of the gradually improving Chinese market. The Chinese economy suffered a slump in business levels in recent years, following a boom per
    Read More
  • Versatile machines offer improved efficiency
    April 28, 2015
    An array of versatile new machines from different segments is available for the rental sector - Mike Woof writes The rental machine market continues to develop in many countries around the world. Equipment rental has a long history in the UK and the US and in more recent years has developed well in France also, while other countries are also benefiting from growth in this sector. As with other machines, equipment for the European and US rental sector now has to meet tough exhaust and noise emissions legi
    Read More
  • Plans in hand for bauma 2016 exhibition, with positive market outlook
    May 18, 2015
    The organisers of the bauma exhibition in Germany predict a positive future for the construction market in 2016. Large increases are expected in the North American market while there are also pPositive trends in the Near and Middle East. Last year North America and Europe were the most dynamic construction machinery markets in the world according to data from the bauma organisers. Some market experts believe that this trend could continue in 2015. This is one of the reasons why the market in construction
    Read More

Highlighted Content