{"id":379409,"date":"2020-11-12T07:03:57","date_gmt":"2020-11-12T12:03:57","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=379409"},"modified":"2020-11-12T07:03:57","modified_gmt":"2020-11-12T12:03:57","slug":"strong-pricing-continues-in-us53-million-ritchie-bros-auction-in-houston-tx","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/strong-pricing-continues-in-us53-million-ritchie-bros-auction-in-houston-tx\/","title":{"rendered":"Strong pricing continues in US$53+ million Ritchie Bros. auction in Houston, TX"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>Two-day online auction attracted 11,300+ bidders from 67 countries; up 39% year over year<\/p>\n<p>\n        <span class=\"xn-location\">HOUSTON<\/span>, <span class=\"xn-chron\">Nov. 12, 2020<\/span> \/PRNewswire\/ &#8211; Demand for equipment at Ritchie Bros.&#8217; online auctions continues to break records, as the company saw bidder registrations jump 39 percent year over year for this week&#8217;s US$53+ million auction in <span class=\"xn-location\">Houston, TX.<\/span><\/p>\n<p>Due to COVID, the <span class=\"xn-chron\">November 10<\/span> \u2013 11 auction was conducted 100% online, attracting interested bidders from 67 countries. Approximately 85 percent of the assets in the auction were purchased by U.S. buyers, including 40 percent purchased by buyers from <span class=\"xn-location\">Texas<\/span>, while international buyers from as far away as <span class=\"xn-location\">Mexico<\/span>, <span class=\"xn-location\">Australia<\/span>, and the <span class=\"xn-location\">United Kingdom<\/span> purchased 15 percent.<\/p>\n<p>&#8220;As one of the first big auctions of our fourth quarter, we are excited by the continued record-breaking demand and strong pricing we achieved this week in <span class=\"xn-location\">Houston<\/span>,&#8221; said <span class=\"xn-person\">Alan McVicker<\/span>, Regional Sales Manager, Ritchie Bros. &#8220;Auction after auction we continue to prove that no matter the format\u2014onsite, online, or both\u2014we deliver unmatched demand and results. In fact, we saw more international participation in <span class=\"xn-location\">Houston<\/span> this week than the site had seen in 12 \u2013 18 months. If you have equipment to sell, we encourage you to contact us today to be a part of one of the many events we have before the end of the year.&#8221;<\/p>\n<p>\n        <b>Sales highlights include:<\/b>\n      <\/p>\n<ul type=\"disc\">\n<li>A 2012 Link-Belt HTC3140LB 140-ton 10x6x4 hydraulic truck crane sold for <span class=\"xn-money\">US$425,000<\/span><\/li>\n<li>A 2005 Terex HC275 275-ton crawler crane sold for <span class=\"xn-money\">US$350,000<\/span><\/li>\n<li>A 2019 Komatsu PC360LC-11 hydraulic excavator sold for <span class=\"xn-money\">US$185,000<\/span><\/li>\n<li>A 2017 Volvo A40G 6&#215;6 articulated dump truck sold for <span class=\"xn-money\">US$177,500<\/span><\/li>\n<li>A 2016 Caterpillar <span class=\"xn-money\">930M<\/span> wheel loader sold for <span class=\"xn-money\">US$125,000<\/span><\/li>\n<\/ul>\n<p>\n        <b>AUCTION QUICK FACTS: <span class=\"xn-location\">HOUSTON, TX<\/span> (<span class=\"xn-chron\">NOVEMBER 2020<\/span>)<\/b>\n      <\/p>\n<ul type=\"disc\">\n<li>Gross Transaction Value (GTV): US$53+ million <\/li>\n<li>Total Registered Bidders: 11,300+ <\/li>\n<li>Total Number of Lots: 5,900+ <\/li>\n<li>Total Number of Consignors: 700<\/li>\n<\/ul>\n<p>Ritchie Bros.&#8217; final <span class=\"xn-location\">Texas<\/span> auction of the year will be held in <span class=\"xn-location\">Fort Worth<\/span> on <span class=\"xn-chron\">December 8<\/span> \u2013 9, 2020. For more information about buying and selling with Ritchie Bros., visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2979681-1&amp;h=2502018119&amp;u=https%3A%2F%2Fwww.ritchiebros.com%2F&amp;a=RitchieBros.com\" rel=\"nofollow noopener noreferrer\">RitchieBros.com<\/a>. <\/p>\n<p>\n        <b><br \/>\n          <u>About Ritchie Bros.:<br \/><\/u><br \/>\n        <\/b>Established in 1958, Ritchie Bros. (NYSE and TSX: RBA) is a global asset management and disposition company, offering customers end-to-end solutions for buying and selling used heavy equipment, trucks and other assets. Operating in a number of sectors, including construction, transportation, agriculture, energy, oil and gas, mining, and forestry, the company&#8217;s selling channels include: <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2979681-1&amp;h=3787816727&amp;u=https%3A%2F%2Fwww.rbauction.com%2F&amp;a=Ritchie+Bros.%C2%A0Auctioneers\" rel=\"nofollow noopener noreferrer\">Ritchie Bros.<u>\u00a0<\/u>Auctioneers<\/a>, the world&#8217;s largest industrial auctioneer offers live auction events with online bidding; <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2979681-1&amp;h=1517517902&amp;u=https%3A%2F%2Fwww.ironplanet.com%2F&amp;a=IronPlanet\" rel=\"nofollow noopener noreferrer\">IronPlanet<\/a>, an online marketplace with featured weekly auctions and providing the exclusive IronClad Assurance\u00ae\u00a0equipment condition certification; <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2979681-1&amp;h=3461276421&amp;u=http%3A%2F%2Fwww.ironplanet.com%2Fmarketplace-e&amp;a=Marketplace-E\" rel=\"nofollow noopener noreferrer\">Marketplace-E<\/a>, a controlled marketplace offering multiple price and timing options; <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2979681-1&amp;h=4117286634&amp;u=https%3A%2F%2Fwww.mascus.com%2F&amp;a=Mascus\" rel=\"nofollow noopener noreferrer\">Mascus<\/a><i>, <\/i>a leading European online equipment listing service; and <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2979681-1&amp;h=3758489045&amp;u=https%3A%2F%2Fwww.rbauction.com%2Fprivatetreaty&amp;a=Ritchie+Bros.+Private+Treaty\" rel=\"nofollow noopener noreferrer\">Ritchie Bros. Private Treaty<\/a>, offering privately negotiated sales. The company&#8217;s suite of multichannel sales solutions also includes <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2979681-1&amp;h=1982798492&amp;u=https%3A%2F%2Fwww.rbassetsolutions.com%2F&amp;a=Ritchie+Bros.+Asset+Solutions\" rel=\"nofollow noopener noreferrer\">Ritchie Bros. Asset Solutions<\/a>, a complete end-to-end asset management and disposition system. Ritchie Bros. also offers sector-specific solutions including <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2979681-1&amp;h=2928861561&amp;u=https%3A%2F%2Fwww.govplanet.com%2F&amp;a=GovPlanet\" rel=\"nofollow noopener noreferrer\">GovPlanet<\/a>, <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2979681-1&amp;h=1516458895&amp;u=https%3A%2F%2Fwww.truckplanet.com%2F&amp;a=TruckPlanet\" rel=\"nofollow noopener noreferrer\">TruckPlanet<\/a>,\u00a0and <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2979681-1&amp;h=4095951576&amp;u=http%3A%2F%2Fkruseenergy.com%2F&amp;a=Kruse+Energy\" rel=\"nofollow noopener noreferrer\">Kruse Energy<\/a>,\u00a0plus equipment financing and leasing through <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2979681-1&amp;h=4096509472&amp;u=https%3A%2F%2Fwww.rbauction.com%2Ffinancial-services&amp;a=Ritchie+Bros.+Financial%C2%A0Services\" rel=\"nofollow noopener noreferrer\">Ritchie Bros. Financial\u00a0Services<\/a>. For more information about Ritchie Bros., visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2979681-1&amp;h=2502018119&amp;u=https%3A%2F%2Fwww.ritchiebros.com%2F&amp;a=RitchieBros.com\" rel=\"nofollow noopener noreferrer\">RitchieBros.com<\/a>.<\/p>\n<p>\n        <b>Photos and video <\/b>for embedding in media stories\u00a0are available at\u00a0<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2979681-1&amp;h=337971676&amp;u=https%3A%2F%2Fwww.rbauction.com%2Fmedia%3Futm_campaign%3Dcreat-news-web-RBA%26utm_medium%3DPR%26utm_source%3Dnews_sites&amp;a=rbauction.com%2Fmedia\" rel=\"nofollow noopener noreferrer\">rbauction.com\/media<\/a>.<b>\u00a0<\/b><\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=VA89577&amp;sd=2020-11-12\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/strong-pricing-continues-in-us53-million-ritchie-bros-auction-in-houston-tx-301171743.html\">http:\/\/www.prnewswire.com\/news-releases\/strong-pricing-continues-in-us53-million-ritchie-bros-auction-in-houston-tx-301171743.html<\/a><\/p>\n<p>SOURCE  Ritchie Bros.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=VA89577&amp;Transmission_Id=202011120700PR_NEWS_USPR_____VA89577&amp;DateId=20201112\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire Two-day online auction attracted 11,300+ bidders from 67 countries; up 39% year over year HOUSTON, Nov. 12, 2020 \/PRNewswire\/ &#8211; Demand for equipment at Ritchie Bros.&#8217; online auctions continues to break records, as the company saw bidder registrations jump 39 percent year over year for this week&#8217;s US$53+ million auction in Houston, TX. Due to COVID, the November 10 \u2013 11 auction was conducted 100% online, attracting interested bidders from 67 countries. Approximately 85 percent of the assets in the auction were purchased by U.S. buyers, including 40 percent purchased by buyers from Texas, while international buyers from as far away as Mexico, Australia, and the United Kingdom purchased 15 percent. &#8220;As one of the first big auctions &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/strong-pricing-continues-in-us53-million-ritchie-bros-auction-in-houston-tx\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Strong pricing continues in US$53+ million Ritchie Bros. auction in Houston, TX&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-379409","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Strong pricing continues in US$53+ million Ritchie Bros. auction in Houston, TX - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/strong-pricing-continues-in-us53-million-ritchie-bros-auction-in-houston-tx\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Strong pricing continues in US$53+ million Ritchie Bros. auction in Houston, TX - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire Two-day online auction attracted 11,300+ bidders from 67 countries; up 39% year over year HOUSTON, Nov. 12, 2020 \/PRNewswire\/ &#8211; Demand for equipment at Ritchie Bros.&#8217; online auctions continues to break records, as the company saw bidder registrations jump 39 percent year over year for this week&#8217;s US$53+ million auction in Houston, TX. Due to COVID, the November 10 \u2013 11 auction was conducted 100% online, attracting interested bidders from 67 countries. Approximately 85 percent of the assets in the auction were purchased by U.S. buyers, including 40 percent purchased by buyers from Texas, while international buyers from as far away as Mexico, Australia, and the United Kingdom purchased 15 percent. &#8220;As one of the first big auctions &hellip; Continue reading &quot;Strong pricing continues in US$53+ million Ritchie Bros. auction in Houston, TX&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/strong-pricing-continues-in-us53-million-ritchie-bros-auction-in-houston-tx\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-12T12:03:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=VA89577&amp;sd=2020-11-12\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/strong-pricing-continues-in-us53-million-ritchie-bros-auction-in-houston-tx\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/strong-pricing-continues-in-us53-million-ritchie-bros-auction-in-houston-tx\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Strong pricing continues in US$53+ million Ritchie Bros. auction in Houston, TX\",\"datePublished\":\"2020-11-12T12:03:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/strong-pricing-continues-in-us53-million-ritchie-bros-auction-in-houston-tx\\\/\"},\"wordCount\":521,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/strong-pricing-continues-in-us53-million-ritchie-bros-auction-in-houston-tx\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=VA89577&amp;sd=2020-11-12\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/strong-pricing-continues-in-us53-million-ritchie-bros-auction-in-houston-tx\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/strong-pricing-continues-in-us53-million-ritchie-bros-auction-in-houston-tx\\\/\",\"name\":\"Strong pricing continues in US$53+ million Ritchie Bros. auction in Houston, TX - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/strong-pricing-continues-in-us53-million-ritchie-bros-auction-in-houston-tx\/","og_locale":"en_US","og_type":"article","og_title":"Strong pricing continues in US$53+ million Ritchie Bros. auction in Houston, TX - Market Newsdesk","og_description":"PR Newswire Two-day online auction attracted 11,300+ bidders from 67 countries; up 39% year over year HOUSTON, Nov. 12, 2020 \/PRNewswire\/ &#8211; Demand for equipment at Ritchie Bros.&#8217; online auctions continues to break records, as the company saw bidder registrations jump 39 percent year over year for this week&#8217;s US$53+ million auction in Houston, TX. Due to COVID, the November 10 \u2013 11 auction was conducted 100% online, attracting interested bidders from 67 countries. Approximately 85 percent of the assets in the auction were purchased by U.S. buyers, including 40 percent purchased by buyers from Texas, while international buyers from as far away as Mexico, Australia, and the United Kingdom purchased 15 percent. &#8220;As one of the first big auctions &hellip; Continue reading \"Strong pricing continues in US$53+ million Ritchie Bros. auction in Houston, TX\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/strong-pricing-continues-in-us53-million-ritchie-bros-auction-in-houston-tx\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-12T12:03:57+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=VA89577&amp;sd=2020-11-12","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/strong-pricing-continues-in-us53-million-ritchie-bros-auction-in-houston-tx\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/strong-pricing-continues-in-us53-million-ritchie-bros-auction-in-houston-tx\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Strong pricing continues in US$53+ million Ritchie Bros. auction in Houston, TX","datePublished":"2020-11-12T12:03:57+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/strong-pricing-continues-in-us53-million-ritchie-bros-auction-in-houston-tx\/"},"wordCount":521,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/strong-pricing-continues-in-us53-million-ritchie-bros-auction-in-houston-tx\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=VA89577&amp;sd=2020-11-12","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/strong-pricing-continues-in-us53-million-ritchie-bros-auction-in-houston-tx\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/strong-pricing-continues-in-us53-million-ritchie-bros-auction-in-houston-tx\/","name":"Strong pricing continues in US$53+ million Ritchie Bros. auction in Houston, TX - 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