Ritchie Bros. Sells More Than $172 Million of Equipment at Global Auction in Orlando

This year’s unreserved auction on Feb. 15 to 19 attracted more than 9,850 bidders from 79 countries.

📅   Tue February 23, 2016 - National Edition


The inventory of track dump trucks (crawlers) are lined up and ready to be auctioned off.
The inventory of track dump trucks (crawlers) are lined up and ready to be auctioned off.
The inventory of track dump trucks (crawlers) are lined up and ready to be auctioned off. Chris Johnson (in cab) of Alta Equipment, Milford, Mich., tests out a Volvo L220 wheel loader. (L-R): Testing out a Grove RT880 crane to purchase for their fleet are Tim Lobato, owner of Lobato Construction, Thornton, Colo.; an inspector from Ring Power; and Mike Eller, operator of Lobato Construction. This Cat 996H gets washed down and prepared to cross the ramp at the sale.  There was a huge crowd for the loaders and graders on the second day of the Ritchie sale. A Ritchie drone flies over the area, taking video of the auction action. The annual Ritchie Bros. Florida auction is truly an international event. Checking out a John Deere 670G grader are Mike Iapaluccio (L), owner of J. Iapaluccio Incorporated, Danbury, Conn., and Chris Taylor of D&M Construction, also based in Danbury. Juan Jose from San Jose, Costa Rica, tests this Caterpillar D4G. (L-R): Brothers Isaac Gregory Handy, Gage Handy and Matt Handy were at the auction with their father, Chris Handy, who is the owner of CTC Grading & Hauling, Terrell, N.C. These men from Ohio, like many others from all over the country, have made it a tradition to attend the Ritchie Florida auction every year. (L-R): Howard McKay of Miller Brothers; Studly Gleason of Gleason Construction, Holland, Ohio; Bobby Warner of Gerk (L-R): Joe Villa, Ransome CAT; Greg Barwis, James J. Anderson Construction, Philadelphia, Pa.; and Joe Boyle of Ritchie Bros. stand in front of two Grove RT880E cranes that will be heading to James J. Anderson Construction job sites. Will Suarez (L) of Ritchie Bros. and the 2012 winner of the Dave Ritchie Excellence Award in Sales Performance stands with Ritchie Bros. Founder Dave Ritchie. Taking a look at the Komatsu dozers at the auction (L-R) are Paul Oliveira, C.N. Wood Co., and Justin Sailer, Josh Alters, Greg Metzgar and Kris Sherman, all of Komatsu ReMarketing. Rolf Helland (L), president of Illinois Truck and Equipment Co., and Ronnie Byrd, president Morooka America LLC, meet up during the Ritchie Bros. auction. Kelvin Gustafson (L) and Dale Gravdale of Gustafson Construction came down from Minnesota looking for some equipment to take home. Bidders crowd the crane auction ring. Travis Fox (L) and Larry Armstrong of Yancey Bros. give this Cat 315D a good look.
Wayne Smith, Wayne’s Backhoe Service, is hoping to buy an 80,000-lb. excavator to take back to North Carolina. Ronnie Benning (L) and Perry Boyd of Boyd Utility Boring came to the auction looking for an excavator — and there were many to choose from. Ray Delange came all the way from Canada looking for a good deal on an excavator. This Volvo loader was getting detailed with fresh paint in Ritchie’s paint shop before it was put on the lot. This is a package that’s available to all of Ritchie’s consignors prior to a sale. Walt Boring (L) of Boring Equipment and George Russell of Russell Engineering were looking over some of the new equipment at the auction. The excavator sale gets under way. All makes and models of skid steers roll over the auction ramp. Self-serve customer kiosks are available for all bidders. Caterpillar 770 rock trucks are ready to be auctioned off. Dan Schmoldt of DRS Enterprises is a utility contractor from Garfield Heights, Ohio. Caterpillar articulated trucks are set to go to the highest bidders. Gan Jia (L) and Leyao Ye, both of SANY America Inc., came from Peachtree, Ga., to check out the sale.
Father and son, David (L) and Mark Hurst came from Tipton, Ga., to attend the auction. Shane Fissler of Johnson Quarries travelled from northeast Pennsylvania for the sale. The American flag proudly waved on President’s Day — the first day of the 2016 Ritchie Bros. auction in Orlando, Fla.
Paul Opic, production manager of Parking Lot Maintenance, Pewaukee, Wis., tries this roller out for size. Ralph Agyden, retired of Vermont, still enjoys the auctions and was looking to bid on a few generators. Jason Brewer of Brewer Sand & Gravel Recycling in Holland, Mich., is ready to do some bidding. (L-R): Kevin Kobus, vice president of operations, Ritchie Bros.; Ted McKeon president of Construction Equipment Guide; Ravi Saligram, CEO of Ritchie Bros.; and Terry Dolan, president of U.S. & Latin America of Ritchie Bros. Thousands and thousands of bidders participated in Ritchie Bros.’ Florida Auctions.
Ritchie Bros.’ 2016 Florida Auctions was a record-setting event for the company. Ritchie Bros. had an awe-inspiring amount of equipment go up for bid during is Florida Auctions. Ravi Saligram (L), CEO, and Terry Dolan, president, U.S. and Latin America, both of Ritchie Bros., review the large inventory of late model used Caterpillar machines. Army surplus Cat 621B scrapers offer a unique value for potential buyers across the world. S (KH) waiting for last name for guy on right
Jason Boyett (L) of Boyett Timber, Lakeland, Fla., and James with Jed’s Construction, Elma Iowa, kicking the tires of a JD 644K loader. Troy Dahle, owner of D&T Equipment, Morristown, Minn., checks out this Case CX210B excavator. This massive Link-Belt crawler crane was just a small part of an impressive crane lineup at the largest equipment auction in the world. Jonny Hampton from Boone, N.C., likes what he sees in this Komatsu 360LL. Bob Shouse (L) of S&S Farms, Morgan Field, Ky., and his good friend Elvis Draper of Draper and Hooper Inc., Sturgis, Ky., stand by a Takeuchi TB 180. These two take time out of each year to do mission work to improve living conditions in third world count On display near the main entrance to the sale, was this special gold-painted Volvo truck. This one of a kind commemorative truck debuted at the Ritchie sale and will tour the United States at Volvo dealer events; then, it will be sold to the highest bidde A large variety of late model rental return Volvo's from Flagler Equipment were available at this year’s sale, including this Volvo L220G loader. Ritchie Bros. seeks out the most skilled auctioneers from across the world to keep their auctions running smoothly. Thousands of registered bidders pack the arena to participate in the Ritchie Bros. sale. Day one included more than 120 skid steers.
Ray West of Rumford, Maine, said that this Cat skid steer looks “wicked good” and would like to take it back home with him. This father and son travel to the annual Ritchie auction in Florida every year to look for equipment to update their fleet for their contracting business. AJ Barfield (L) and Alan Barfield Sr., owner of Barfield Grading Incorporated, Fort Mill, S.C. Bidders arrive by the busload for day one of a five-day sale that featured more than 5,500 lots of equipment. Thousand register to bid. Truly an international sale, George Mundu of Columbia is given a swag bag as he enters the equipment yard.
If you are attending one of the biggest events in the industry you certainly need a commemorative shirt. Terry Aldridge, event coordinator of Ritchie Bros. shows one of the many shirts available. Larry Brusky, owner of Brusky Construction, Niles, Mich., is ready to inspect this Komatsu WA500 loader.  Father and Son, Jerry Wilcox Sr. (R), owner of Wilcox Excavating, South Windsor, Conn., and Jerry Wilcox Jr. had their sights set on this Cat D6 dozer.  Jerry Sr. said, “I’m not leaving this sale without it!” 
William Merritt from Jordanville, N.Y., gets operating lessons on this Bobcat wheeled excavator from Jacob Guilfoyle, foreman and operator of The Gorman Group, Latham, N.Y.  This massive inventory of cranes is ready for new owners.

Buyers from around the world visited Ritchie Bros.' 200-acre Orlando, Fla., site for the year's largest equipment auction. In just five days, Ritchie Bros. sold a record 10,700-plus items for more than $172 million.

This year's unreserved auction on Feb. 15 to 19 attracted more than 9,850 bidders from 79 countries. Out-of-state buyers purchased more than $137 million of equipment (80 percent), including more than $40 million purchased by out-of-country buyers (23 percent).

“Orlando is one of our flagship operations — and it's clear from the results this week equipment buyers and sellers value the solutions we provide,” said Ravi Saligram, chief executive officer, Ritchie Bros. “We're very pleased to have been able to help 985 consignors sell equipment this week, including both end-users and dealers. Due to the diverse buying audience we attract from different sectors and geographies, we achieved consistent and solid pricing all week through most asset classes, with particularly strong results for low-hour, late-model, well-maintained equipment. I am very proud of our team's efforts in conducting a world-class sale.”

Bidders participated in the auction in person, online in real time at rbauction.com, and by proxy. Online buyers purchased more than $64 million of equipment (38 percent). All items were sold without minimum bids or reserve prices.

“This is not just a U.S. auction; this is a global event with participation from around the world,” said Terry Dolan, president (U.S. and Latin America), Ritchie Bros. “People travel from across the globe to attend this auction, and thousands more participate online from as far away as Belgium, Costa Rica, Colombia, Vietnam, and more.”

Ritchie Bros. sold equipment and trucks from all the top manufacturers, including Caterpillar, Volvo, John Deere, Komatsu, Terex, Grove, JLG, Kenworth, Peterbilt, Freightliner, International and more. Equipment sold included:

• 450+ excavators

• 240+ loaders

• 200+ compactors

• 150+ dozers \

• 660+ boom and scissor lifts

• 120+ cranes

• 500+ truck tractors

• 390+ trailers

To watch more video of this record-breaking auction, visit YouTube.com/RitchieBros.