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New records set at Dubai trucks & equipment auction

Over $42m worth of equipment and trucks were sold at an unreserved public auction that set a new Dubai site record for number of bidders.
Forklifts, Trucks, NEWS, Materials Handling

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Ritchie Bros., the world’s largest industrial auctioneer, sold more than $42 million of equipment and trucks at its unreserved public auction in Dubai on September 8-9, 2015.

The two-day auction set new Dubai site records for total number of bidders (920+) and number of online bidders (400+).

More than 2,600 equipment items were sold in the auction including 100+ excavators, 85+ compactors, 85+ telescopic forklifts, 80+ wheel loaders, 65+ cranes, 40+ loader backhoes, 85+ dump trucks, 55+ truck tractors and more.

“The massive selection of equipment in this week’s Dubai auction attracted a record crowd of on-site and online bidders from 60 countries,” said Eduard Faig, regional sales manager, Ritchie Bros. Auctioneers.

He added: “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.”

Bids were made in the auction in person, online at rbauction.com and by proxy.

Buyers from outside Dubai purchased approximately $19 million of equipment and trucks. Online bidders purchased over $5 million of equipment.

Specific sales highlights include a 2009 Tadano GR-700EX 70 tonne rough terrain crane sold for $325,000; two 2011 JCB 550-170 telescopic forklifts sold for a combined $170,000; and a 2011 Euro Tech 5MZ3000T concrete batch plant sold for $110,000.

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