Ritchie Bros. Auctioneers said it generated over $20 million in gross auction sales at an auction held last week at its auction site in Orlando, Florida. The unreserved auction, held May 27, attracted over 1,100 bidders from 27 countries and 49 U.S. states. Approximately 70% of the equipment was purchased by buyers from outside of Florida. Over 400 people (34% of total bidders) registered to bid in real time for the Florida sale using the rbauctionBid-Live Internet bidding service and accounted for more than 16% of total purchases.
Ritchie Bros. is the world's largest auctioneer of industrial equipment, operating through over 90 locations in more than 20 countries around the world. The Company sells, through unreserved public auctions, a broad range of used and unused industrial equipment including equipment utilized in the construction, transportation, mining, forestry, petroleum, marine and agricultural industries. There are currently over 50 upcoming auctions on the Ritchie Bros. calendar.
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