Ritchie Bros. sells US$57+ million of equipment and trucks in Houston, TX auction

3,800+ items from close to 500 sellers sold at two-day unreserved public auction in Houston, Texas

HOUSTON, TX, April 17, 2015 /CNW/ - Ritchie Bros. (NYSE and TSX: RBA), the world's largest industrial auctioneer, sold more than US$57 million of equipment and trucks at its unreserved public auction in Houston, Texas on April 15 – 16, 2015. More than 3,800 items were sold, including 100+ excavators, 60+ crawler tractors, 55+ cranes, as well as a large selection of farm tractors, wheel loaders, loader backhoes, and more. A massive selection of transportation items were sold on the second day of the auction, including 280+ truck tractors, 345+ trailers, and more. Every item was sold without minimum bids or reserve prices. Bids were made in person at the auction site, online at rbauction.com and by proxy.

"We had a very successful two-day auction in Houston that attracted thousands of on-site and online bidders from 46 countries to compete on a great selection of late-model construction equipment, and hundreds of trucks and trailers," said Alan McVicker, Regional Sales Manager, Ritchie Bros. Auctioneers. "As with every Ritchie Bros auction, the bidders knew that each and every item would be sold unreserved to a new owner on auction day."

More than 4,200 people registered to bid in person or online at rbauction.com. Buyers from outside Texas purchased US$32+ million (57%) of equipment and trucks, and equipment was sold to buyers from as far away as the United Arab Emirates, Bolivia, Indonesia, and Nicaragua.

AUCTION QUICK FACTS: HOUSTON, TEXASAPRIL 15 – 16, 2015

  • Total gross auction proceeds – US$57+ million
  • Amount sold to online bidders – US$28+ million (49%)
  • Total registered bidders (in person and online) – 4,200+
  • Registered online bidders – 2,550+
  • Total lots sold – 3,800+
  • Number of sellers – close to 500

There are 100+ unreserved public auctions on the calendar at rbauction.com, including Ritchie Bros.' next auction in Texas on May 6 - 7, 2015, in Fort Worth. Visit rbauction.com/Fort-Worth for full details, or call +1.817.237.6544 to ask about selling.

About Ritchie Bros.
Established in 1958, Ritchie Bros. (NYSE and TSX: RBA) is the world's largest seller of used equipment for the construction, transportation, agriculture, material handling, energy, mining, forestry, marine and other industries. Ritchie Bros. TM solutions make it easy for the world's builders to buy and sell equipment with confidence, including live unreserved public auctions with on-site and online bidding (rbauction.com), the EquipmentOneTM secure online marketplace (EquipmentOne.com), a professional corporate asset management program, and a range of value-added services, including equipment financing for customers through Ritchie Bros. Financial Services (rbauction.com/financing). Ritchie Bros. has operations in 19 countries, including 44 auction sites worldwide. Learn more at RitchieBros.com.

ATTENTION MEDIA: Photos and other media resources are available for use at rbauction.com/media. Members of the public and the media can follow Ritchie Bros. on Twitter @RitchieBros.

SOURCE Ritchie Bros. Auctioneers

Image with caption: "Ritchie Bros. sells US$57+ million of equipment and trucks in Houston, TX auction (CNW Group/Ritchie Bros. Auctioneers)". Image available at: http://photos.newswire.ca/images/download/20150417_C5956_PHOTO_EN_14400.jpg

For further information: Ian Malinski, Corporate Communications Lead, Ritchie Bros. Auctioneers, Phone: 1.778.331.5432 | Email: CorpComm@rbauction.com; Or Alan McVicker, Regional Sales Manager, Ritchie Bros. Auctioneers, Phone: 1.713.330.2470

RELATED LINKS
http://www.rbauction.com

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