Ritchie posts $203 million single-auction record

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Ritchie Bros. Auctioneers says it held the world’s largest heavy equipment auction in Orlando last week, breaking multiple company records, including gross auction proceeds ($203 million), number of lots sold (10,000-plus); registered bidders (8,670) and sellers (830). Online records were also set; there were 4,700 online bidders, with online gross auction proceeds of $47 million.

Registered bidders from 88 countries and all 50 states participated in person and online. Thirty-six percent – or $73 million – sold outside the United States.