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

  • SANY Mining is expanding its rigid truck presence
    October 14, 2013
    SANY Mining is gearing up to expand sales of its rigid haul truck range, as well as developing new models - Mike Woof writes. The global rigid dump truck market is at present dominated by a small number of manufacturers, but SANY Mining intends to challenge its main rivals internationally, having developed its presence in its home market. SANY Mining is continuing to expand its SRT range of off-highway dump trucks, as well as boosting its sales of these machines in China and for export.
    Read More
  • Cast iron auction sales with IronPlanet
    January 6, 2017
    Online auction firm IronPlanet (IP) is a business with a truly global marketplace. It generated more than €450 million in 2011 via its worldwide used construction equipment sales. “Being pro-active is the key to what we do,” said managing director Tom Cornell. “Our software tells us who is looking [prior to online auctions] and who has bought similar equipment before and our online sales team rings them up and advises them about which online auctions may have equipment they are looking for. “This means a n
    Read More
  • Cast iron auction sales with IronPlanet
    April 18, 2012
    Online auction firm IronPlanet (IP) is a business with a truly global marketplace. It generated more than €450 million in 2011 via its worldwide used construction equipment sales. “Being pro-active is the key to what we do,” said managing director Tom Cornell. “Our software tells us who is looking [prior to online auctions] and who has bought similar equipment before and our online sales team rings them up and advises them about which online auctions may have equipment they are looking for. “This means a n
    Read More
  • Mexico opening highway tender process
    March 16, 2015
    Four highway concessions will be due for tender shortly. The country’s Secretariat for Communications and Transport (SCT) is working on these four motorway concessions and intends to open the tender process in the next few months. The highway projects being considered for tender include a new link Indios Verdes and Santa Clara, the Las Varas-Puerto Vallarta connection, the Tulum highway and Orizaba highway. SCT recently put the Hermosillo highway project out to tender recently and this is generating interes
    Read More

Highlighted Content