Ritchie Bros. Equipment Auction in Houston Sells Over $54 Million

By NAP Staff August 29, 2022 View Profile

Ritchie Bros. sold more than 4,980 equipment items for 675 consignors, generating more than $54 million in gross transaction value during its fourth Houston auction this year.

“Another strong Houston auction with a ton of customers visiting the site ahead of the event to inspect and compare items prior to bidding online,” said Chuck Roberson, regional sales manager, Ritchie Bros. “We had a great package of late-model Cat equipment in this auction that attracted a lot of attention and some solid pricing, including a 2019 Caterpillar 349FL hydraulic excavator that sold for $260,000 and a 2021 Cat 950GC wheel loader that sold for $200,000.”

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The three-day online event on Aug. 23-25 attracted more than 11,290 bidders from 53 countries. Approximately 89 percent of the equipment in the unreserved auction was sold to U.S. buyers, including 47 percent sold to Texans. The remaining 11 percent of the equipment was sold to international buyers from as far away as Germany, Australia and Singapore.

“For customers who were unable to procure items in Houston, we have more than 70,000 items selling in our upcoming auctions and online marketplaces, including a Fort Worth sale on Sept. 20 to 22 that will feature a great selection of oil and gas-related equipment, with a dedicated RB Energy Day during the event,” Roberson said. “We also have items selling every day on Marketplace-E and weekly through IronPlanet.”

Five Big Sellers from Houston:

2000 Grove GMK6200 200-ton all-terrain crane – $340,000
2018 Cat 140M3 motor grader – $295,000
2018 Caterpillar D6T XW dozer – $240,000
2020 Vermeer D23X30III directional drill – $225,000
2016 Volvo EC160EL hydraulic excavator – $212,500

Established in 1958, Ritchie Bros. is a global asset management and disposition company, offering customers end-to-end solutions for buying and selling used heavy equipment, trucks and other assets. visit rbauction.com to learn more about the company’s auctions.