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.

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