Last week, Ritchie Bros. conducted its third Houston auction of the year, selling more than 4,700 pieces of equipment and trucks for more than $46 million, making it the largest June auction ever for the site.
Over two days, more than 4,250 people from 57 countries registered to bid in the auction, including 2,850 people who registered to bid online. Approximately 58 percent of the equipment ($26 million) was sold to online bidders. U.S. buyers purchased 86 percent of the equipment, including 44 percent purchased by Texas buyers. International buyers from as far away Australia, Egypt, and Vietnam purchased 14 percent of the equipment.
“Enthusiastic bidder turnout both onsite and online, along with strong pricing, helped us achieve 17 percent higher gross auction proceeds this week than the same auction last year and make this our largest June auction ever in Houston,” said Alan McVicker, regional sales manager, Ritchie Bros. “We had an impressive lineup of cranes that attracted a lot of attention from around the world. We were particularly pleased with the price we got for a customer selling a Manitowoc 16000 440-ton crawler crane that went for $2.25 million.”
In addition to the Manitowoc 16000, another highlight was the sale of three 40-ton 2013 Grove RT540E rough terrain cranes, which sold for a combined $577,500.