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Coinciding with ConExpo-Con/Agg 2014 last week, the every-three-year concrete/aggregate equipment show, Ritchie Bros. Auctioneers broke several of its side records with its auctions on March 6 and 7 that brought in more than $60 million in gross auction proceeds, had more than 4,750 registered bidders, more than 450 sellers and 900 total buyers, at its permanent auction site in Nevada.
Ritchie Bros. says the two-day unreserved public auction broke several site records for online sales, including more than $19 million in online gross auction proceeds, 2,900 online registered bidders and more than 400 online buyers.
More than 2,350 equipment items, including motor graders, hydraulic excavators, backhoes and skid steer loaders, were sold in the auction, with every item sold without minimum bids or reserve prices, according to Ritchie Bros. Auctioneers.
At the time of this posting, the company’s next unreserved public auction in Las Vegas was slated for June 6.
Auction Quick Facts for March 6-7, Las Vegas:
Total Gross Auction Proceeds (in-person and online): US $60+ million (*new Las Vegas, NV permanent auction site record)
Amount sold online: $19+ million (*new Las Vegas permanent auction site record)
Unique registered bidders (total): 4,750+ (*new Las Vegas permanent auction site record)
Unique registered online bidders: 2,900+ (*new Las Vegas permanent auction site record)
Online buyers: 400+
Total number of lots sold: 2,350+
Total number of sellers: 450+ (*new Las Vegas permanent auction site record)
Source: Ritchie Bros. Auctioneers