Ritchie Bros Dubai auction sets new record

Ritchie Bros, the world's largest industrial auctioneer, sold $42 million (€38 million) of equipment and trucks at its unreserved public auction in Dubai, UAE on 8 and 9 September.

The auction set a new Dubai site records for total number of bidders - more than 920 - and the number of online bidders, which exceeded 400.

More than 2,600 equipment items were sold in the auction including excavators, compactors, telescopic forklifts, wheel loaders, cranes, backhoes, and dump trucks.

“The massive selection of equipment in this week’s auction attracted bidders from 60 countries,” said regional sales manager Eduard Faig.

“We sold items for more than 200 equipment owners from the Middle East and beyond. Particular strong performers in the auction were cranes, telescopic forklifts and backhoes. We already have a huge selection of construction equipment and trucks for our next Dubai auction.”

Buyers from outside Dubai accounted for nearly half the total sales, with successful bidders from countries including Australia, Mexico and the United Kingdom.

The next Dubai auction will be held on December 15 and 16.