Hot pricing drives US$56+ million Houston auction

Auction Results Comments

Houston auctions

12,000 bidders competing for 4,000 items

Ritchie Bros. June Houston, TX auction saw a 30% increase in both gross transaction value and bidder registrations year over year. The two-day unreserved auction attracted 12,000 bidders and generated US$56+ million in GTV.

“Our marketplaces continue to drive record-breaking demand, with online equipment views per lot for our Houston auction up 84% from our June 2020 event,” said Alan McVicker, Regional Sales Manager.

“In this week’s Houston sale, we saw particularly hot pricing for truck tractors and vocational trucks. We also achieved great returns for a package of 65 pipelayers, despite the volatility in that industry.”

Approximately 87 percent of the equipment in the Houston auction was purchased by U.S. buyers, including 52% sold to Texas buyers, while international buyers from as far away as Australia, Vietnam, and the United Kingdom purchased the remaining 13 percent.

With 100% of bidding done online, we saw a 22% increase in watchlist adds per lot and a 39% increase in PriorityBids per lot.

Five Big Sellers in Houston

2017 Caterpillar PL87 pipelayer – US$545,000

pipelayers for sale

2008 Caterpillar 587T pipelayer – US$380,000

pipelayers for sale

2017 Caterpillar PM622 cold planer – US$220,000

cold planers for sale

2015 Peterbilt 389 day cab heavy haul truck – US$150,000

heavy haul trucks for sale

2019 Peterbilt 365 tri-drive day cab heavy haul truck – US$112,500

heavy haul trucks for sale

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