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

  • Rich pickings at Ritchie Bros auctions until end of year
    October 30, 2014
    A delayed mine expansion project has pushed thousands of new and used equipment onto the market to be sold by global auctioneers Ritchie Brothers by the end of the year. Steve Simpson, chief sales officer for Ritchie Bros., based in Vancouver, western Canada, said the company aims to sell more than 30,000 items at over 50 unreserved auctions around the world. Highlights include more than 950 compactors, over 800 excavators, as well as several hundred wheel loaders, crawler tractors, loader backhoes an
    Read More
  • French equipment auction due
    June 21, 2012
    Auction firm Ritchie Bros is handling two equipment sales simultaneously in St Aubin sur Gaillon and Avignon in France on June 26th. The sale includes selection of Wirtgen milling machines, excavators, dump trucks, asphalt pavers and rollers, as well as an array of other items. More than 1,100 heavy equipment items (and trucks) will go under the auctioneer’s hammer. The Avignon auction (currently featuring 270+ items) will be broadcasted live at the auction in St Aubin Sur Gaillon (currently featuring 850+
    Read More
  • Iron Planet's equipment auction
    March 6, 2012
    Internet auction firm IronPlanet plans to sell over 270 items of construction, materials handling and agricultural equipment in its January 26th online auction. Equipment for sale includes excavators, loaders, dump trucks, backhoe loaders, compactors, telehandlers, forklifts, tractors and generators. The equipment is located throughout Europe and includes machines such as a 2010 Hitachi ZX280 crawler excavator, a Caterpillar 160H Motor Grader, two 2003 Terex TR70 dump trucks, a 2007 Caterpillar 319CL crawle
    Read More
  • Auction strength
    April 4, 2014
    Positive news comes from equipment auction specialists Ritchie Bros and IronPlanet. Ritchie Bros reports strong performance for its online construction machinery marketplace, EquipmentOne, in the first year since the service was set up. The service was initially launched in early 2013 and had a full commercial launch in April. The Marketplace already has hundreds of thousands of qualified members around the world. Sellers can make their own listings or work with Ritchie Bros to create listings including equ
    Read More

Highlighted Content