Tuesday, September 26, 2023
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Ritchie Bros. Sold $244 million of Equipment at Orlando Auction

Ritchie Bros. sold more than 13,300 equipment items, trucks, and vehicles at its Premier Global Auction in Orlando, Florida. The auction generated more than $244 million in gross transaction value, according to the company.

Five Big Sellers from Orlando:

  • 2009 Manitowoc 999 Series 3 275-ton crawler crane – US$720,000
  • 2019 Volvo A45G articulated dump truck – US$445,000
  • 2013 Caterpillar D8T dozer – US$435,000
  • 2019 Metso Lokotrack LT200 tracked cone crushing plant – US$400,000
  • 2021 Hitachi ZX490LCH-6 hydraulic excavator – US$395,000

The auction last month attracted 22,600+ people from 80+ countries, with approximately 83% of the equipment selling to U.S. buyers, including 18% purchased by Floridians. The remaining 17% of the equipment was purchased by international buyers from far away as Belgium, Colombia, and Thailand. Auction highlights included 790+ excavators, 500+ truck tractors, 340+ skid steer loaders, 200+ dozers, and 240+ pickup trucks—all assets were sold without minimum bids or reserve prices.

“We saw great attendance onsite and online for our Premier Global Auction in Florida, helping us drive strong results for the massive selection of equipment and vehicles available,” said Ann Fandozzi, Chief Executive Officer, Ritchie Bros. “Our 200-acre yard was busy all week with customers inspecting items. Meanwhile, customers participating online had access to our new 360-view videos to help with virtual inspections—these were a real hit with customers, so you can expect to see more of these videos for equipment in our auctions going forward.”

More than 1,100 owners sold equipment in the Orlando, FL auction, including items from Miami-based Halley Engineering Contractors Inc. and Caterpillar dealer Ring Power Corporation.

“I’ve been working with Ritchie Bros. more than 40 years, selling and buying,” said Ignacio Halley, owner of Halley Engineering Contractors Inc. “Over the years, I’ve seen this Orlando auction progress and grow to become the world’s best equipment auction. Everything is professionally done and the equipment selection this year was outstanding.”

“We were excited to be back for another great Ritchie Bros. Orlando auction, where we were able to connect with colleagues and customers both onsite at the sale and the numerous networking events. It’s good to see that demand is still high and pricing remains strong,” said Frank Streva, Senior Vice President, Ring Power Corporation. “Additionally, it was also a huge honor to see our Chairman & CEO Randy Ringhaver inducted in the new Ritchie Bros. Hall of Fame alongside industry giants like Dave Ritchie and Roland Russell. Thank you, Ritchie Bros. We always look forward to this premier event.”

This year in Orlando, Ritchie Bros. introduced its own Hall of Fame to recognize and thank some of the pioneers and innovators who have helped the used equipment industry move, build, and grow. Inductees for 2023 included Randy Ringhaver of Ring Power Corporation, Roland Russell of ELRUS Aggregate Systems, and Dave Ritchie of Ritchie Bros. Auctioneers.

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