Ritchie Bros. conduct largest Las Vegas auction

Multiple auction site records broken including gross auction proceeds and total registered bidders

RITCHIE Bros. Auctioneers, the world’s largest industrial auctioneer, conducted a record-breaking US$60+ million two-day auction in Las Vegas, Nevada, on 6–7 March 2014. The unreserved public auction was the largest the site has ever conducted in terms of gross auction proceeds, number of registered bidders (4,750+), number of sellers (450+) and total number of buyers (900+).

The event also broke multiple site records for online sales, including online gross auction proceeds (US$19+ million), online registered bidders (2,900+) and online buyers (400+).

In total, more than 2,350 equipment items were sold in the auction, with every item sold without minimum bids or reserve prices.

‘Our large selection of equipment attracted the attention of heavy equipment owners from every corner of the world,’ said Joe Byers, regional sales manager with 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 US states, nine Canadian provinces and two territories, participated in the Las Vegas auction. More than US$54.5 million of the equipment was sold to buyers outside the state of Nevada, with more than US$17 million (or close to 30%) sold to buyers outside the country.

The next Ritchie Bros.’ unreserved public auction in Las Vegas is scheduled for 6 June 2014. Equipment owners interested in selling their equipment and trucks in the auction can contact the site on tel: +1 702 644 2468.