Auctioneer reports highest ever number of bidders at one of its Dubai sales
Construction-equipment auctioneers Ritchie Bros. says it sold $42 million of machinery and trucks at a sale in Dubai earlier this month.
More than 2,600 items were sold in the September 8-9 unreserved auction, setting Dubai site records for the total number of bidders, at more than 920, and the number of online bidders, numbering more than 400.
Used machinery sold at the auction included more than 100 excavators, along with compactors, telescopic forklifts, wheel loaders, cranes, loader backhoes, dump trucks and truck tractors, Ritchie Bros. said.
“The massive selection of equipment in this week’s Dubai auction attracted a record crowd of on-site and online bidders from 60 countries,” said Eduard Faig, Regional Sales Manager at Ritchie Bros. Auctioneers.
“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,” he added.
Bids were made in the auction in person, online and by proxy. Buyers from outside Dubai purchased approximately 45% of equipment and trucks, with equipment sold to buyers from as far away as Australia, Mexico, and the United Kingdom. Online bidders purchased approximately 12% of the equipment.