Ritchie Bros. Rakes in $45 Million at Orlando Auction

Oct. 24, 2008
Despite market turmoil and economic uncertainty, Ritchie Bros. Auctioneers grossed $45 million at its unreserved public auction in Orlando, Fla., last week. More than 1,800 on-site and online bidders from 48 countries, including 48 U.S. states, registered to bid on more than 2,500 trucks and heavy equipment items.

Despite market turmoil and economic uncertainty, Ritchie Bros. Auctioneers grossed $45 million at its unreserved public auction in Orlando, Fla., last week. More than 1,800 on-site and online bidders from 48 countries, including 48 U.S. states, registered to bid on more than 2,500 trucks and heavy equipment items.

“We weren’t sure what the impact of the recent market activity would be at the auction, but prices were surprisingly strong,” said Gary Seybold, Ritchie Bros. regional manager.