Ritchie Bros. Concludes European and North American Auctions

May 1, 2003
Vancouver, B.C.-based Ritchie Bros. Auctioneers sold more than 8,700 items of equipment in four auctions, resulting in gross auction sales of approximately

Vancouver, B.C.-based Ritchie Bros. Auctioneers sold more than 8,700 items of equipment in four auctions, resulting in gross auction sales of approximately US$90 million. The two largest auctions were held March 19, 20, and 21 at the company's permanent auction sites in Moerdijk, The Netherlands and Fort Worth, Texas.

The three-day Moerdijk sale attracted more than 1,400 registered bidders from 60 countries who purchased 2,959 trucks and equipment items.

“Real-time online bidding is gaining momentum at our European auctions,” said Rob McLeod, senior manager of operations for Ritchie Bros.

The three-day auction in Fort Worth generated gross auction sales of more than US$32 million. More than 2,600 bidders from 46 U.S. states and 29 countries bought 3,046 items. Internet bidders represented approximately 20 percent of total registered bidders and they purchased a record-breaking US$5.8 million worth of trucks equipment.