Auction success

Auction firm Ritchie Brothers has sold US$41 million worth of construction equipment at its recent auction in Dubai.
March 1, 2012 Read time: 1 min
RSSAuction firm 318 Ritchie Bros has sold US$41 million worth of construction equipment at its recent auction in Dubai. This is the fifth auction the firm has held in Dubai and was held over a three day period in December, attracting 770 registered bidders from 55 countries, which the Canadian firm claims is a record. Of the buyers around 50% came from outside of Dubai, with much of the trading being handled over the Internet. In all 1,600 machines were sold, including 55 excavators, 55 wheeled loaders, 30 bulldozers, 25 ADTs, 25 cranes, 25 rigid dump trucks and a range of other machines including graders, compactors, asphalt pavers trenchers and generator sets.
Finance & Funding

Related Content

  • Strong attendance points to a successful bauma China show
    December 17, 2014
    Even heavy rain showers on the first day of the bauma China exhibition in Shanghai did not dissuade the crowds packing the outside exhibition areas - Mike Woof writes Those firms exhibiting at bauma China 2014 in Shanghai benefited from a strong show that attracted a record attendance of 191,000, an increase of 6% over the 2012 event. A wide array of new equipment was on show from the 3,104 firms exhibiting, an increase of 14% from 2012. There was a strong focus on technology and new engines required for
    Read More
  • SANY Road Machinery is looking to increase export levels
    March 4, 2015
    SANY Road Machinery says that its machines offer customers a very good return on investment - Mike Woof writes. SANY Road Machinery looks set to boost its profile outside of China. The company has been focussed on the Chinese home market in recent years, due to the massive highway expansion programme in the country. However with 80% of the country’s highway construction programme now complete, SANY Road Machinery is looking to further develop its export business. Wang Zuochun is senior vice president at SAN
    Read More
  • Increasing interest in secondhand machines
    September 27, 2013
    Auction specialist Euro Auctions claims that market interest in secondhand equipment continues to rise. The firm reports strong demand for secondhand machines at its recent sales. At the firm’s three day event in Leeds in late August, almost 4,000 lots went under the hammer, the highest number sold at their Leeds auctions to date, achieving over £26.6 million. A large volume of stock had to be turned away and the cut-off date for stationary equipment was also earlier than previous auctions. In addition the
    Read More
  • Huge mining and earthmoving equipment auction at new US Ritchie Bros site
    September 25, 2012
    Ritchie Bros. Auctioneers is holding a massive mining and earthmoving equipment auction tomorrow, on the second day of the Grand Opening auction at its new permanent auction site in Raleigh-Durham, North Carolina. More than 1,700 heavy equipment items will be featured in the Raleigh-Durham auction, including more than 300 pieces of mining and earthmoving equipment.
    Read More

Highlighted Content