On December 12 & 13, the sound of the chanting auctioneers returns to the Jebel Ali Freezone when Ritchie Bros. holds its next auction. At the moment, nearly 2,000 equipment items and trucks have already been added on the auction, varying from hydraulic excavators, dump trucks, cranes and wheeled loaders, to generator sets, cars and attachments. Thinking of joining the auction? Here’s 3 tips to get the most out of it!
Auction tip #1: Inspect items up front
There’s a few ways to prepare for an upcoming auction. Go through the inventory online and perform a virtual inspection. On the Ritchie Bros. website, each item has descriptions and many photos. Attend the auction viewing days prior to the auction. Bring a mechanic or friend with you to run the inspection if needed. For each of the items you’re interested in write down the maximum price you’re willing to bid. Stick to your maximum. The inventory of the upcoming Dubai auction can be found here.
Auction tip #2: Past selling prices
You found what you’re looking for and you’re trying to determine how much you should spend. A powerful tool to help you with this is the Auction Results section on the Ritchie Bros. website. With a free webaccount anyone can look up past auction results at rbauction.com. You can view auction results up to 24 months.
Auction tip #3: Get cash for your current machinery
Every year tens of thousands of businesses turn to heavy equipment auctions to sell their items. Ritchie Bros. is a leading asset disposition services provider and with 4+ billion in auction sales the largest industrial auctioneer in the world. All sorts of businesses sell and buy at Ritchie Bros. auctions, from the owner/operator that wants to sell a mini excavator, to contractors and rental companies that sell entire fleets at once.
For up-to-date equipment listings, auction details and more information, visit the Ritchie Bros. website at rbauction.com or contact the Dubai office at +97148120600.