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Ritchie Hosts Record-Breaking Global Auction in Orlando

The record-setting selection of equipment in the Orlando auction included more than 500 compactors and more than 450 excavators.

Mon March 02, 2015 - National Edition
Construction Equipment Guide


Thousands of bidders from around the world registered to bid on the opening day at Ritchie Bros. Orlando sale.
Thousands of bidders from around the world registered to bid on the opening day at Ritchie Bros. Orlando sale.
Thousands of bidders from around the world registered to bid on the opening day at Ritchie Bros. Orlando sale. (L-R): Jorge, Sophia and Deana Sanabria stand atop a 1997 Caterpillar 990 wheel loader. Jorge is the owner and president of ExpoQuip Inc. in Knoxville, Tenn, and his wife, Deana, handles government sales. The company exports equipment to the mines in Lati Jerry Humphry (in cab) of Little Barbour Creek Farm in Eufaula, Ala., checks out a John Deere 544H, while Tony Scott, the farm manager, looks on. A John Deere 550G crawler tractor sports a telescoping boom for rotating tools, such as an auger. Larry Holcomb of Windwood Bulk Center, Ringgold, Ga., was looking to buy a wheel loader at the Ritchie sale. Julius (L) and David Branscome of Branscome Paving, Manassas, Va., looked over this Wirtgen wheeled recycler. Here’s a scale photo of Caterpillar D10 versus a midget electric car. Ritchie Bros. yard personnel wash off equipment prior to rolling over the auction ramp. The record-setting selection of equipment in the Orlando auction included more than 500 compactors, more than 450 excavators, more than 270 wheel loaders, 240 crawler tractors, 310 truck tractors, 200-plus van trucks, 90-plus dump trucks and more. Jacob Guilfoyle, an operator of Gorman Brothers in Albany, N.Y., checks out the Wirtgen Reclamation machine and other paving machines for sale. Attention was paid to every detail of the event, including bussing bidders in and out of the sale site. Leonard Tag, an entrepreneur from New Jersey, fires up this Peterbilt. He came down to the auction hoping to find a good deal on some new trucks to haul salt for his business. playground for young boys. These two were having a blast exploring this Caterpillar loader parked in the lot. Ritchie Bros. auctioneers intensely worked the crowd of buyers when the excavators went up for bid on the lot. Richard Mackey (L) and Joe Slattery of Mac-Testa Contracting Corporation, Hopewell Junction, N.Y., were at the Ritchie Bros. sale looking to add to their fleet. Amanda Merritt of Construction Equipment Guide and Mark Doty, used equipment manager of W.I. Clark in Wallingford, Conn., at the Ritchie sale. Frank Smith (L) and Bob Shultz, both cash crop farmers from Michigan, check out the sale’s extensive fleet of agriculture equipment. (L-R): Mitchell Wellech; Elgene Ward of Ward Excavating, Pennsylvania; and Joe Parks, H.O. Penn, Connecticut, take a quick break from the auction for a photo. Ritchie auctioneers work the crowds who gathered to buy screening plants outside on this chilly 40-degree morning. Marcel Lehouillier (L), president of Marcel Equipment LTD, London, Ontario,  catches up with an old friend Dave Ritchie, founder of Ritchie Bros. (L-R): More than 9,300 bidders from over 80 countries attended the sale, including this group, Frank Coatta, Michigan; and Peter Montgomery, Fred Sanders and Pete Latin, all of Ontario, Canada. Rough-terrain cranes of every size from virtually every manufacturer attracted buyers from all over the world. Ritchie Bros. sold a record-breaking 10,500-plus equipment items and trucks at its global auction Feb. 16 to 20 in Orlando, Fla. The five-day unreserved public auction attracted 9,350-plus onsite and online bidders from 81 countries and generated more than $179 million in gross auction proceeds, including a record $66-plus million sold to online buyers. Selling 200 acres of equipment in just five days requires multiple sale rings operating at the same time. This is the Ritchie Bros. virtual ring, for items that are not going over the ramp. The self-serve customer kiosks give customers access to the Web for online bidding. There are approximately 100 tractor loader backhoes lined up behind this one — all waiting in line to go over the ramp. This year’s sale featured many army surplus machines painted in camouflage. A bird eye view of the ramp area from the Ritchie Bros. VIP room. (L-R): David Erkelens, George Osorio and Gary Warren, all representatives of Kelly Tractor, South Florida’s Caterpillar dealer, inspect this Cat D7R. Jim Depuyat of Ontario, Canada, provides perspective of the imposing size of the Caterpillar D10.

Ritchie Bros. sold a record-breaking 10,500-plus equipment items and trucks at its global auction Feb. 16 to 20 in Orlando, Fla.

The five-day unreserved public auction attracted 9,350-plus onsite and online bidders from 81 countries and generated more than $179 million in gross auction proceeds, including a record $66-plus million sold to online buyers. Multiple Orlando auction site records also were set, including total number of registered bidders (more than 9,350), number of online bidders (more than 5,000), total number of buyers (more than 2,650), number of online buyers (more than 1,300) and number of sellers (875).

“Our February Orlando auction is the largest auction we hold each year,” said Ravi Saligram, chief executive officer, Ritchie Bros. “The record 10,500-plus industrial assets sold at this year’s sale, and the record number of worldwide bidders the auction attracted, demonstrates the global reach and cross-sector appeal of this multi-day event. In fact, we sold more transportation sector assets at this sale than any of our previous Orlando auctions before, including a record 310 truck tractors on Friday. We’re also pleased with the strong performance of the transactions we underwrote at this auction.”

Ritchie Bros. sold equipment for 875 sellers, including 80-plus heavy construction items for Hermanos Yarull T. & Co., a civil engineering contractor based in the Dominican Republic.

“This was our first time selling with Ritchie Bros. and we were blown away by the magnitude of the auction and the efficiency of how it all came together,” said Cesar Alvarez of Hermanos Yarull T. & Co. “We’ve been in business for more than 40 years and have tried selling equipment piece-by-piece in a variety of ways before and it was a headache. With Ritchie Bros. we just give all the equipment to them and it’s done. We get better resale prices and great customer service."

The auction attracted equipment buyers from across North America and around the world, in person and online. Close to $144 million of equipment (or 80 percent) was sold to buyers located outside the state of Florida, including more than $48 million (or 27 percent) sold to buyers outside the country. Buyers participated from as far away as Australia, Ecuador, Thailand, Italy, the United Kingdom and the United Arab Emirates.

“We had a tremendous crowd at last week’s Orlando auction, with a large presence both on site and online,” said Steve Kriebel, regional sales manager, Ritchie Bros. “This resulted in strong prices throughout the week, particularly on crawler tractors, excavators and transportation equipment.”

The record-setting selection of equipment in the Orlando auction included more than 500 compactors, more than 450 excavators and more.




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