Ritchie Bros. Sells US$54+ Million of Equipment in August Houston Auction

In its fourth Houston auction of the year, Ritchie Bros. sold more than 4,980 equipment items for 675 consignors, generating US$54+ million in gross transaction value.

“Another strong Houston auction with a ton of customers visiting the site ahead of the event to inspect and compare items prior to bidding online,” said Chuck Roberson, regional sales manager, Ritchie Bros. “We had a great package of late-model Cat equipment in this auction that attracted a lot of attention and some solid pricing, including a 2019 Caterpillar 349FL hydraulic excavator that sold for US$260,000 and a 2021 Cat 950GC wheel loader that sold for US$200,000.”

The three-day online event on August 23-25 attracted more than 11,290 bidders from 53 countries. Approximately 89 percent of the equipment in the unreserved auction was sold to U.S. buyers, including 47 percent sold to Texans. The remaining 11 percent of the equipment was sold to international buyers from as far away as Germany, Australia and Singapore.

Roberson added, “For customers who were unable to procure items in Houston, we have more than 70,000+ items selling in our upcoming auctions and online marketplaces, including a Fort Worth sale on September 20 to 22 that will feature a great selection of oil & gas-related equipment, with a dedicated RB Energy Day during the event. We also have items selling every day on Marketplace-E and weekly through IronPlanet. I encourage you to visit RitchieBros.com and start searching today!”

Five Big Sellers from Houston:

  • 2000 Grove GMK6200 200-ton all-terrain crane – US$340,000
  • 2018 Cat 140M3 motor grader – US$295,000
  • 2018 Caterpillar D6T XW dozer – US$240,000
  • 2020 Vermeer D23X30III directional drill – US$225,000
  • 2016 Volvo EC160EL hydraulic excavator – US$212,500

AUCTION QUICK FACTS: HOUSTON, TX (AUGUST 2022)

  • Gross Transaction Value: US$54+ million
  • Items Sold: 4,980+
  • Bidders: 11,290+
  • Consignors: 675

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