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Ritchie Bros September sale sets new Dubai record

Two-day auction sees more than $42m of equipment and trucks go under the hammer, and breaks Ritchie Bros’ previous Dubai site record for bidder numbers

The September 2015 auction broke Ritchie Bros’ previous Dubai record for bidder numbers.
The September 2015 auction broke Ritchie Bros’ previous Dubai record for bidder numbers.

Ritchie Bros sold more than $42m (AED154.26m) of equipment and trucks at its most recent sale in the UAE.

The two-day unreserved public auction, which took place from 8-9 September, 2015, set a new Dubai site record for the company in terms of bidder numbers.

In total, more than 920 bidders registered for Ritchie Bros’ Dubai auction, 400 of whom were unique-registered online bidders. Approximately 2,600 equipment items were sold at the auction.

Eduard Faig, regional sales manager at Ritchie Bros Auctioneers, commented: “We sold items for more than 200 equipment owners from the Middle East and beyond. Particular strong performers in the auction were cranes, telescopic forklifts, and backhoes.

“We already have a huge selection of construction equipment and trucks consigned to our next Dubai auction in December. Anyone interested in selling before the end of the year should contact us in the coming weeks,” he added.

During the auction, upwards of 100 excavators, 85 compactors, 85 telescopic forklifts, 80 wheel loaders, 65 cranes, 40 loader backhoes, 85 dump trucks, and 55 truck tractors went under the hammer.

Buyers from outside Dubai purchased approximately 45% of the lots, spending around $19m (AED69.79m). Online bidders, meanwhile, purchased more than $5m (AED18.36m), or 12%, of the sale items.

The UAE auction attracted buyers from Australia, Mexico, and the United Kingdom, according to Ritchie Bros.

The company’s next Dubai auction will take place from 15-16 December, 2015.

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