Latest news with #RitchieBros.
Arabian Post
5 days ago
- Automotive
- Arabian Post
Global Demand Fuels Ritchie Bros.' Dubai Auction Surge
Ritchie Bros.' Dubai auction on June 4–5, 2024, recorded significant international participation, with 981 bidders from 69 countries. The event saw 1,123 lots sold to 309 buyers, reflecting strong global interest in heavy equipment. The United Arab Emirates led with 416 bidders, followed by the United States , Canada , Saudi Arabia , and the United Kingdom . This diverse participation underscores the auction's global appeal. Notable sales included a 2016 Cat 745C Articulated Dump Truck for $167,500 and a 2018 Komatsu PC400LC-8R Hydraulic Excavator for $111,000. Transportation equipment like the 2016 Nissan Patrol Pickup fetched $19,000, while lifting equipment such as the 2006 Cat DP150 Forklift sold for $24,000. ADVERTISEMENT Online engagement was robust, with 1,244 registrations and over 16,000 items added to watchlists, highlighting the growing trend of digital participation in equipment auctions.
Trade Arabia
24-04-2025
- Business
- Trade Arabia
Ritchie Bros. 'Start 2025 Strong' campaign draws over 17,000 bidders
Ritchie Bros., one of the largest equipment marketplaces worldwide, said it has experienced strong auction demand during the 'Start 2025 Strong' campaign with over 17,300 bidders from across Europe, the Middle East, and Asia-Pacific taking part. This is the highest number of bidders recorded in these regions over the past five years, reflecting the growing global appetite for industrial assets. The bidder participation increased by 21% compared to the same period last year. As supply tightens and demand remains high, equipment owners have a prime opportunity to 'Sell Smarter This Spring,' turning unused machinery into capital ahead of the busy season, it stated. "With OEM prices rising and supply constraints limiting availability, many owners are holding onto their assets longer, tightening the market and sustaining high price level," remarked Duncan Ainscough, the Head of International Sales at Ritchie Bros. "This competitive bidding presents an opportunity for optimal returns for sellers, making this an ideal moment to sell," he stated. According to Ritchie Bros., the Start 2025 Strong campaign was a big success recording sale of over 20,000 units, thus marking a 17% year-on-year growth. It attracted over 17,300 bidders and 6,400 buyers from across the globe, both figures setting five-year records for this period in the region. Top buyer countries During the Campaign, the top buyer countries were Australia, Italy, Spain, Germany, and France who raced to buy top equipments such as hydraulic excavators, MFWD tractors, telescopic forklifts, wheel loaders and articulated dump trucks. "Our results show what happens when sellers and buyers trust a platform that consistently delivers," said David Fanning, the Director, International Marketing at Ritchie Bros. "We're not just meeting demand - we're leading the market with scale, transparency, global reach, reputation and results," he added. The performance is driven by Ritchie Bros.' strategic investments in international marketing and platform reach, which continue to attract sellers seeking strong results and buyers in search of valuable opportunities. Dubai auction a big success Ritchie Bros. Dubai kicked off the year with a successful two-day auction on February 24, selling over 1,400 lots and drawing buyers from 82 countries. The highest bidder participation came from the UAE, US, Canada, United Kingdom and the Netherlands. The top auctioner said the tightening supply is driving a surge in bidder activity, and seller conditions this spring remain favourable. Bidder activity early this year increased by 21% compared to the same period in 2024, with over 17,000 participants across Ritchie Bros. auctions and Marketplace-E. Participation in high-value lots - those above £10,000 ($13,362.2) - rose by 14%, while the average number of bidders per item sold grew by 5%. Buyer activity followed a similar trend, with over 6,000 buyers recorded across both platforms, it stated. "Sellers are turning to Ritchie Bros. Auctions and Marketplace-E to achieve strong returns," remarked Duncan Ainscough. "Our growing participation confirms that more companies see us as their preferred trusted selling partner," he stated. Upcoming international auctions Ritchie Bros. is set to continue its strong performance in the second quarter, with upcoming auctions scheduled across its international network: *Moerdijk, Netherlands – 23-24 April *Maltby, United Kingdom – 14-15 May *Caorso, Italy – 22 – 23 May *Ocana, Spain – 11-12 June *Meppen, Germany – 12-13 June *Dubai, UAE – 17-18 June *Australia National Auction – 18-19 June *France Online Auction – 24-26 June *Maltby, United Kingdom – 25-26 June *Marketplace-E – Ongoing, 24/7 online Marketplace On the surging demand, Huw Richards, General Manager of Walters Group UK, said: "Ritchie Bros. presented a bespoke strategy that perfectly aligned with our needs, leveraging their timed auctions and Marketplace-E. Their understanding of our requirements, combined with their successful track record, made them the ideal choice." For buyers, Ritchie Bros. offers unmatched transparency and integrity, including fair market pricing with no seller buy-backs, no hidden re-lists, and no reserve prices—every item is sold to the highest bidder, he stated.
Trade Arabia
28-01-2025
- Business
- Trade Arabia
Ritchie Bros. gears up for big Dubai auction
As 2025 begins, Ritchie Bros., the global leader in asset management and disposition, is empowering businesses to kickstart the year strong with industry-leading solutions for buying and selling heavy equipment, trucks, and machinery. Leveraging decades of proven experience, Ritchie Bros.' international business, headquartered in Breda, Netherlands, achieved significant success in 2024, selling over 83,000 items across the Europe, Middle East and Africa (EMEA) and Asia-Pacific (APAC) regions and assisting more than 23,000 customers in achieving their business goals. This year the first auction in the EMEA region will be held in Dubai from February 24 to 25, said the company in a statement. Besides Dubai, Ritchie Bros. has several auctions scheduled in the international region, including: *Maltby, United Kingdom - February 12-13 *Mantilly, France – February 13 (agricultural auction) *Moerdijk, The Netherlands – February 26-27 *Australia – March 3-4 *Ocana, Spain – March 12-13 *Caorso, Italy – March 13-14 *Meppen, Germany – March 19-20 *France – March 25-27 *Maltby, United Kingdom – March 26-27 *Marketplace-E – 24/7 online With a reputation built on trust, transparency and exceptional service, Ritchie Bros. provides flexible channels and services that help sellers to maximise returns and buyers to confidently acquire the equipment they need. As the demand for machinery remains strong, Ritchie Bros. provides a comprehensive suite of solutions designed to maximize returns for sellers while offering buyers easy access to a wide variety of equipment, including items for construction, mining, public works, transportation, agriculture, logging, material handling, and other heavy machinery and vehicles. With its industry-leading platforms, Ritchie Bros. connects sellers with a global audience and helps buyers to acquire the equipment they need with confidence. Ritchie Bros.' unreserved auctions offer sellers direct exposure to an international buyer base, ensuring transparency and quick returns, with proceeds typically received within 21 days. For those who prefer more control, the Marketplace-E platform allows sellers to set their prices while benefiting from Ritchie Bros.' negotiation and transaction services, ensuring secure and swift deals, it stated. "Our selling solutions are designed to deliver the best value for all our customers, whether they are sellers or buyers, while making the transaction process secure, seamless and worry-free," said Duncan Ainscough, Head of International Sales at Ritchie Bros. "Through our 'Start 2025 Strong' campaign, we are intensifying our marketing efforts to ensure that every piece of equipment is strategically positioned to attract the right buyers and help them to find the high-quality machinery that meets their specific needs," he noted. For buyers, Ritchie Bros. offers access to a vast inventory of equipment across numerous categories, available through both live unreserved auctions and the 24/7 marketplace-E platform, stated Ainscough.
