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
Hitachi to showcase zero-emission excavator at IRE
Eight tonne model makes IRE debut
Trime to focus on sustainability at IRE
Energy-saving equipment on show
Ecofill Group appoint new CEO
Ecofill is a low-carbon technology and solution for the construction sector that transforms all types of clays and subsoils into aggregate replacement products on-site