VIDEO: Ritchie Bros Italian auction

By Sandy Guthrie04 September 2015

The international nature of the construction machinery auction business can be illustrated by figures from Ritchie Bros’ auction at its Caorso, Italy, site in May, which attracted more than 1,300 registered bidders, including 680 online bidders, from 69 countries.

There were over 460 buyers – of which more than 90 were internet buyers – and 210 sellers.

The fact that 1,640 lots were sold gives some indication of the speed of the process. Of those, 43% went to online bidders.

Construction Europe was at the auction to see how the process works.

Latest News
Link-Belt 100|RT aids Cooper Steel build
Cooper Steel of Shelbyville, TN is hard at work building a logistics facility with the use of their 100|RT.
Terex names new rough terrain leader
Giancarlo Montanari has been appointed to business line leader for Terex rough terrain cranes.
Hitachi to increase product and service offering in the Americas
Name change for Hitachi subsidiary following ending of Deere JV as the company looks to expand into the Americas