Ritchie posts $203 million single-auction record

Marcia Gruver Doyle

February 21, 2012

Ritchie Bros. Auctioneers says it held the world’s largest heavy equipment auction in Orlando last week, breaking multiple company records, including gross auction proceeds ($203 million), number of lots sold (10,000-plus); registered bidders (8,670) and sellers (830). Online records were also set; there were 4,700 online bidders, with online gross auction proceeds of $47 million.

Registered bidders from 88 countries and all 50 states participated in person and online. Thirty-six percent – or $73 million – sold outside the United States.

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