NEWS RELEASE: Ritchie Bros. sells more than US$176 million of equipment at six-day mega-auction in Orlando, FL

More than 9,400 heavy equipment items and trucks sold during the world's largest heavy equipment auction for 2013, including a 2012 Grove RT890 90-ton 4x4x4 rough terrain crane that sold for US$725,000

ORLANDO, FL (February 25, 2013) – Ritchie Bros. Auctioneers (NYSE and TSX: RBA) held the world's largest heavy equipment auction for 2013 in Orlando, Florida last week (February 18 – 23, 2013) selling 9,400+ items for more than US$176 million. The six-day auction set a new Company record for online sales as online buyers generated more than US$53 million in gross auction proceeds or 31 per cent of total gross auction proceeds generated in last week's auction. Close to 8,300 bidders registered for the six-day, www.rbauction.com from 80 countries, which featured equipment from more than 780 sellers. Every item in the six-day auction was sold to the highest bidder, regardless of price—without minimum bids or reserve prices.

"Where else can you go and liquidate an entire fleet of equipment worth millions of dollars in one week?" said Frank Fowler, Senior Vice President and Director of Used Sales for Florida-based Ring Power Corporation—a long-time buyer and seller with Ritchie Bros. "We sold a selection of heavy mining and construction equipment at this year's February Ritchie Bros. auction here in Orlando. As an equipment dealer, the February Ritchie Bros. auction in Orlando gives us an opportunity to turn over equipment that is sitting in the back of our lot, idle and not being sold—and we do this fast and for the best value possible with the help of Ritchie Bros. This year we achieved strong values for the sale of our equipment, mainly due to the ability of Ritchie Bros. to reach buyers from all over the world—and create a competitive bidding environment with local bidders from every corner of the U.S."

Read the complete news release

QUICK FACTS: Ritchie Bros.' February 2013 Orlando Auction

AUCTION DATE:
Monday, February 18 to Saturday, February 23, 2013

AUCTION LOCATION:
Ritchie Bros. permanent auction site in Orlando at the corner of I-4 & US Hwy 27 (700 Ritchie Rd.), Davenport, FL 33897

QUICK FACTS:

Gross Auction Proceeds (in-person and online):

US$176+ million

Amount sold online

US$53+ million * new company record

Unique registered bidders (total)

Close to 8,300 from 80 countries

Unique online bidders

3,900+

Amount sold to online bidders

US$47+ million 

Number of lots

9,400+

Consignors

780


 

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Can't find what you're looking for? Contact us for more information or to request an interview with a Ritchie Bros. staff member:

Kim Schulz
Manager, Corporate Communications

+1.778.331.5442 (Office)
+1.604.788.5379 (Mobile)

 

Photos

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A crowd of bidders gather in the yard at Ritchie Bros. six-day, record-breaking auction in Orlando, FL.
A crowd of bidders gather in the yard at Ritchie Bros. six-day, record-breaking auction in Orlando, FL.

Ritchie Bros. Auctioneers sold more than 375 wheel loaders in the 2012 Orlando auction.
Sold more than 375 wheel loaders in the 2012 Orlando auction.