Ritchie Bros. Houston Auction Hits $61+ Million
With its first Houston, TX site auction of the year, Ritchie Bros. attracted more than 14,500 bidders to compete for 6,500+ items, generating US$61+ million in gross transaction value.
Approximately 87% of the equipment in the February 14 – 16, 2023 auction was sold to U.S. buyers, including 48% purchased by Texans. The remaining 13% was purchased by international buyers from far away as France, India and Japan. Auction highlights included 1,100+ transportation assets, 1,100+ construction equipment assets, 700+ lifting & material handling assets, forestry equipment and more — all assets were sold without minimum bids or reserve prices.
“We had a fantastic selection of equipment last week in Houston, with something for everyone, attracting bidders from more than 60 countries around the world,” said Chuck Roberson, Regional Sales Manager, Ritchie Bros. “We achieved strong prices for equipment and trucks all three days of the auction. As a result, we had a lot of happy sellers eager to consign more equipment for our upcoming Fort Worth sale in March and our weekly IronPlanet events.”
Mr. Roberson continued, “For bidders who were unable to secure the items they need in Houston last week, we have a many upcoming auctions and online events, including our Premier Global Auction this week in Orlando, FL. More than 13,000 items will be sold in the massive five-day event. If you haven’t already, I encourage you to visit rbauction.com/orlando2023 to get registered and start bidding.”
Five Big Sellers from Houston:
- 2017 Komatsu XT445L-3 feller buncher – US$282,500
- 2013 Peterbelt 365 Manitex 50155SHL 50-ton articulating boom truck – US$270,000
- 2022 XL Specialized XL120HDG 60-ton 2+3+2 removable gooseneck lowboy – US$252,000
- 2019 Caterpillar 950M high lift wheel loader – US$215,000
- 2016 Caterpillar 349FL hydraulic excavator – US$207,500
AUCTION QUICK FACTS: HOUSTON, TX (FEBRUARY 2023)
- Gross Transaction Value: US$61+ million
- Items Sold: 6,500+
- Bidders: 14,500+
- Consignors: 750+
Ritchie Bros. has more than 90,000 equipment items and trucks in its upcoming auctions and online marketplaces, including 13,000+ items selling this week in Orlando, FL; 3,000+ items selling on March 1 – 2 in Phoenix, AZ; and 4,500+ items selling in a Rocky Mountain Regional Event on March 8 – 9. For a complete list of upcoming events, visit rbauction.com/auctions.
