Ritchie Bros. Auctioneers held a record breaking $60 million two-day auction in Las Vegas last week. The unreserved public auction was the largest the site has ever conducted with more $19 million in gross auction proceeds, more than 2,900 registered bidders, more than 450 sellers, and more than 900 buyers.
The auction also broke multiple site records for online sales, including online gross auction proceeds of more than $90 million, more than 2,900 online registered bidders, and more than 400 online buyers. In total, more than 2,350 equipment items were sold in the auction, with every item sold without minimum bids or reserve prices. Bids were made in person at the auction site, online by proxy.
"Our large selection of equipment in last week's auction attracted the attention of heavy equipment owners from every corner of the world," said Joe Byers, Regional Sales Manager, Ritchie Bros. Auctioneers. "Bidders participated actively from as far away as the United Arab Emirates, Vietnam and New Zealand. We witnessed competitive bidding on all equipment types, including a selection of late-model, low-hour motor scrapers and more than 100 truck tractors."
More than 4,750 registered bidders from 63 countries, including 48 U.S. states, nine Canadian provinces and two territories, participated in the auction.