Dubai, UAE - October 1, 2024 — Ritchie Bros. is pleased to announce the successful conclusion of its unreserved online auction held on September 24-25, 2024, in Dubai, UAE. This event, marking the end of Q3, attracted a significant number of participants from around the globe, reinforcing the strength and reach of our online auction platform.
Key Highlights:
Global Participation. The auction saw a remarkable level of global participation, with a total of 1000 bidders from 69 countries. This included 490 bidders from the UAE and 510 international bidders, highlighting the extensive global reach and appeal of Ritchie Bros. auctions. The diverse participation underscores our platform's ability to attract interest from buyers across various regions, solidifying our presence in the global market.
High Volume of Sales. The event featured a high volume of sales, with a total of 1,432 lots sold. The auction drew 384 buyers, of which 284 were from the UAE and 100 were international. This significant number of buyers demonstrates the trust and reliability that participants place in Ritchie Bros. for acquiring quality industrial equipment.
Top Bidding Countries. The top bidding countries were led by the UAE, with 490 bidders participating in the auction. This was followed by the USA with 122 bidders, Canada with 90 bidders, Saudi Arabia with 34 bidders, and the United Kingdom with 21 bidders. These statistics reflect the widespread interest and competitive bidding environment fostered by our auctions.
Online Engagement. The auction generated substantial online interest with 1,318 registrations, and 33,169 items added to watchlists, demonstrating the robust digital engagement and demand for the auctioned items.
Top Sales of Equipment and Trucks at the Auction:
Construction Equipment
- 2018 Cat 988K LRC Wheel Loader – sold for $320,000
- 2018 Cat 745LRC Articulated Dump Truck– sold for $172,500
- 2018 Komatsu PC850-8R Tracked Excavator– sold for $152,500
- 2018 Cat 160K Motor Grader – sold for $121,000
Lifting and Material Handling Equipment
- 2011 Grove RT760E 60 ton 4x4x4 Rough Terrain Crane – sold for $64,000
- 2011 JCB 540-170 Telehandler – sold for $52,000
- Tadano GR250N-1 25 ton 4x4x4 Rough Terrain Crane – sold for $51,000
- 2008 JLG 1200SJP 4WD Diesel Telescopic Boom Lift – sold for $40,000
- Hyster H18.00XM-12EC 18 ton Container Handler – $35,000
Transportation/Automative Equipment
- 2022 Mercedes-Benz Actros 4240 8x4 Twin-Steer Mixer Truck (Unused) – sold for $104,000
- 2019 Nissan Armada 4x4 SUV – sold for $38,000
Remember that you can view prices your favorite equipment went for at our website when creating or logging into your Ritchie Bros. account and selecting the auction results.
The final Dubai auction of the year is set for December 11-12, 2024. Customers looking to sell their equipment already can reach out to Ritchie Bros. to participate in this important auction, which will feature a wide array of items from the regional equipment market.
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