Ritchie Bros. sells 3,875+ equipment items and trucks for US$45+ million in Houston, Texas

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Aug 28, 2015, 07:00 ET

Two-day unreserved public auction attracts 4,125+ bidders from 53 countries

HOUSTON, Aug. 28, 2015 /PRNewswire/ - Ritchie Bros. (NYSE and TSX: RBA), the world's largest industrial auctioneer, sold US$45+ million of equipment and trucks at its unreserved public auction in Houston, Texas on August 26 – 27, 2015. More than 3,875 items were sold in the auction, including 285+ truck tractors, 160 frac tanks, 110 excavators, 55+ loader backhoes, 25+ crawler tractors, 55+ flatbed trucks, 25+ dump trucks, 25 cranes, and more. The two-day auction attracted 4,125+ bidders from 53 countries, including 2,500+ online bidders. Bids were made in person, online rbauction.com and by proxy.

"With great participation both onsite and online, we achieved strong and steady prices on construction and transportation equipment in this week's auction," said Alan McVicker, Regional Sales Manager, Ritchie Bros. Auctioneers. "In particular, there were more than 50 specialized LNG truck tractors and a portable LNG refueling station that sold very well. These assets have a limited market and we once again showcased our ability to reach the right buyers to achieve great returns for consignors of specialized assets."

Buyers from outside Texas purchased US$24+ million (53%) of equipment and trucks, with equipment sold to buyers from as far away as Venezuela, Spain, and India. Online bidders purchased US$21+ million (48%) of the equipment in the auction.

AUCTION QUICK FACTS: HOUSTON, TEXAS – AUGUST 26 – 27, 2015

Total Gross Auction Proceeds – US$45+ million
Amount sold to online bidders – US$21+ million
Total registered bidders (onsite and online) – 4,125+
Unique registered online bidders – 2,500+
Number of lots sold – 3,875+
Number of sellers – 475+

Cranes featured among 1,850+ items in September Fort Worth, TX auction

Ritchie Bros. has two permanent auction sites in Texas, in Houston and Fort Worth. Ritchie Bros. will sell more than 1,850 equipment items and trucks at its next auction in Fort Worth (September 23 – 24, 2015), including 370+ trailers, 190+ truck tractors, 30 cranes, 20+ wheel loaders, and more.

Full details can be found at rbauction.com/Fort-Worth. Specific highlights include:

Four Grove GMK5275 275-ton 10x6x10 all terrain cranes
Nine Grove GMK5135 135-ton 10x6x10 all terrain cranes
Three Grove TMS9000E 110-ton 8x4x4 hydraulic truck cranes
Two Grove GMK5240 240-ton 10x8x10 all terrain cranes
Two Kobelco CK1100G 110-ton crawler cranes
Two Kobelco CK1000III 100-ton crawler cranes
Two 2014 International 7400 6x6 w/ Terex Commander C6060 digger derrick trucks
14 Caterpillar 950H wheel loaders
70 Kenworth T800 truck tractors

Equipment will continue to be added to the Fort Worth auction right up until auction day. To consign your equipment and/or trucks to the September Fort Worth auction, call 1.817.237.6544.

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 EquipmentOne^TM 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.