Home / NEWS / PMV / Ritchie Bros sells 1950+ equipment at auction

File photo of an auction done last year in Hyderabad by Ritchie Bros

International Update - Auctions

Ritchie Bros Auctioneers conducted a multi-million dollar unreserved heavy equipment auction last week (September 27 – 29) at its auction site in Dubai, United Arab Emirates.

Advertisement

COMMENT   Please send me any construction equipment auction detail in india..   1 Comments Read more comments »

A total of 670 people from 53 countries registered to bid in person and online to compete on the 1,950+ equipment items and trucks sold. Of the 1,950+ equipment items sold in the Dubai auction, 115 were sold for the Jan De Nul Group, one of the largest dredging and marine engineering contractors in the world. Their package included a large selection of late model wheel loaders, crawler tractors and hydraulic excavators.
"We sold a large number of equipment items in the Dubai auction and were very pleased with the results," said Jan Menten, head of Jan De Nul's Dry Equipment Department. "Our company has sold items through Ritchie Bros before and once again they’ve demonstrated their professionalism and kept every promise they’ve made. Our core business is dredging and clearly Ritchie Bros. is in the business of selling heavy equipment. We were amazed with the number of international bidders that came to the auction and participated online to bid on our equipment."
The auction also included the highest value equipment item ever sold at the Dubai site—a multi-component SBM Closed Circuit Jaw/Impact Crushing Plant. The plant, which includes primary and secondary crushers, screens, generators, conveyors, a control house and more, was sold as one auction lot. After more than 10 minutes of bidding, the crushing plant was sold to a Saudi Arabian buyer for US$1.8 million.
Other equipment sold in the auction included close to 100 excavators, 95 wheel loaders, 95+ truck tractors, 45+ dump trucks, 25+ mobile cranes, 20+ crawler tractors, 10+ rock trucks, crawler cranes and many other items used in the construction, mining and transportation industries.
"There was an impressive array of quality equipment in this auction, attracting customers from all over the world including Australia, New Zealand, Tajikistan, Nigeria and Singapore," said Peter Blake, CEO, Ritchie Bros. Auctioneers. "Pricing was strong, creating confidence in the buyers and with a premium selection of equipment lined up for the December sale, it is clear the Middle East market is still strong."
The company's India team headed by Sameer Malhotra is currently busy preparing the 4th Ritchie Bros. auction in India, which will take place in Hyderabad on Tuesday 12th October. A selection of dump trucks, hydraulic excavators, asphalt pavers, crawler tractors, concrete pumps and many more items are already consigned and will be sold in the unreserved auction to the highest bidders coming from India and abroad.

---