Ritchie Bros. is pleased to announce the successful conclusion of its unreserved online auction held on June 4-5, 2024, in Dubai, UAE. This event, marking the end of Q2, attracted a significant number of participants from around the globe, reinforcing the strength and reach of our online auction platform.
Ritchie Bros says its unreserved online auction held on June 4-5, 2024, in Dubai, UAE. attracted a total of 981 bidders from 69 countries.
This included 416 bidders from the UAE and 565 international bidders, said the firm, before adding that the wide scope of international bidding highlighted “the extensive global reach and appeal of Ritchie Bros. auctions. The diverse participation underscores our platform’s ability to attract interest from buyers across various regions, solidifying our presence in the global market.”
The event featured a high volume of sales, with a total of 1,123 lots sold. The auction drew 309 buyers, of which 215 were from the UAE and 94 were international.
Among the items sold were a 2016 Cat 745C Articulated Dump Truck (5,034 hours) which sold for $167,500 and a 2016 Nissan Patrol Pickup which sold for $19,000.
The top bidding countries were led by the UAE, with 416 bidders participating in the auction. This was followed by the USA with 145 bidders, Canada with 138 bidders, Saudi Arabia with 27 bidders, and the United Kingdom with 20 bidders. These statistics reflect the widespread interest and competitive bidding environment fostered by our auctions, claimed Ritchie Bros.
“The successful conclusion of this auction highlights the robust demand for industrial equipment and the growing confidence in Ritchie Bros.’ online auction platform. As we continue to innovate and expand our reach, we remain committed to providing exceptional service and opportunities for buyers and sellers worldwide,” concluded the firm.
Top Sales of Equipment and Trucks at the Auction:
Construction Equipment:
2016 Cat 745C Articulated Dump Truck (5,034 hours) – sold for $167,500
2018 Komatsu PC400LC-8R Hydraulic Excavator (6,198 hours) – sold for $111,000
2012 Cat 740B Articulated Dump Truck (7,932 hours) – sold for $101,000
2014 Cat 336D2L Hydraulic Excavator (5,604 hours) – sold for $53,000
Transportation Equipment:
2016 Nissan Patrol Pickup – sold for $19,000
2015 Toyota Land Cruiser Pickup – sold for $17,000
2016 Mercedes-Benz Sprinter 515 CDI Van – sold for $15,000
Lifting and Material Handling Equipment:
2006 Cat DP150 15 ton Pneumatic Tire Forklift – sold for $24,000
2021 Hyster S1.5UTS 1.5 ton Electric Stacker (unused) – sold for $13,000
2022 Doosan D15S-5 1.5 ton Pneumatic Tire Forklift (unused) – sold for $12,500
Online Engagement:
The auction generated substantial online interest with 1,244 registrations, and 16,314 items added to watchlists, demonstrating the robust digital engagement and demand for the auctioned items.
