Ritchie Bros. has concluded another highly successful unreserved online auction in Dubai on September 24-25, 2024.
The event marked the end of a robust third quarter and drew significant global participation, demonstrating the strength and extensive reach of Ritchie Bros.’ auction platform, said the firm.
The auction attracted 1,000 bidders from 69 countries, highlighting the international appeal of the event. Of these participants, 490 were from the UAE, and 510 were international bidders, reflecting the platform’s ability to connect buyers from across the world. This diverse participation underscores Ritchie Bros.’ standing as a trusted marketplace for industrial equipment, with a wide range of buyers eager to engage from various regions.
Sales during the auction were strong, with a total of 1,432 lots sold. A total of 384 buyers made purchases, including 284 from the UAE and 100 from international markets. These figures not only showcase the wide reach of the auction but also the confidence buyers place in Ritchie Bros. when acquiring high-quality industrial equipment. The broad mix of local and global buyers further cements the auction house’s reputation for delivering reliable, well-curated sales events.
The top bidding countries were led by the UAE with 490 participants, followed by the USA with 122 bidders, Canada with 90 bidders, Saudi Arabia with 34 bidders, and the United Kingdom with 21 bidders. This international presence and competitive bidding environment highlight the appeal of Ritchie Bros.’ auctions to a global audience and the competitive edge it offers buyers in various regions.
Online engagement for the auction was substantial, with 1,318 online registrations and over 33,000 items added to watchlists. This high level of digital interaction demonstrates the growing demand for Ritchie Bros.’ online auction platform and underscores the increasing importance of digital solutions in the global equipment marketplace.
The auction also featured several high-value equipment sales. Among the top items sold were:
- Construction Equipment:
- 2018 Cat 988K LRC Wheel Loader, sold for $320,000
- 2018 Cat 745LRC Articulated Dump Truck, sold for $172,500
- 2018 Komatsu PC850-8R Tracked Excavator, sold for $152,500
- 2018 Cat 160K Motor Grader, sold for $121,000
- Lifting and Material Handling Equipment:
- 2011 Grove RT760E 60-ton Rough Terrain Crane, sold for $64,000
- 2011 JCB 540-170 Telehandler, sold for $52,000
- Tadano GR250N-1 25-ton Rough Terrain Crane, sold for $51,000
- Transportation/Automotive Equipment:
- 2022 Mercedes-Benz Actros 4240 8×4 Twin-Steer Mixer Truck (Unused), sold for $104,000
- 2019 Nissan Armada 4×4 SUV, sold for $38,000
As the final quarter of the year approaches, Ritchie Bros. is preparing for its last Dubai auction of 2024, which will take place on December 11-12. Customers interested in selling equipment are encouraged to contact Ritchie Bros. ahead of this key event. With a wide array of items from the regional market expected to be featured, the year-end auction promises to be a significant opportunity for buyers and sellers alike.
For those who want to view prices of their favourite equipment, Ritchie Bros. offers the ability to log into their account and track auction results online.
