Ritchie Bros. Holds Largest Las Vegas Auction

Ritchie Bros. Auctioneers conducted a record-breaking $60+ million two-day auction in Las Vegas last week. The unreserved public auction was the largest the site has ever conducted in terms of gross auction proceeds, number of registered bidders (4,750+), number of sellers (450+) and total number of buyers (900+). Last week's Las Vegas unreserved public auction also broke multiple site records for online sales, including online gross auction proceeds ($19+ million), online registered bidders (2,900+) and online buyers (400+). In total, more than 2,350 equipment items were sold in the auction, with every item sold without minimum bids or reserve prices. Bids were made in person at the auction site, online at rbauction.com and by proxy.

More than 4,750 registered bidders from 63 countries, including 48 U.S. states, nine Canadian provinces and two territories, participated in the Las Vegas auction. More than $54.5 million of the equipment was sold to buyers outside the state of Nevada, with more than $17 million (or close to 30 percent) sold to buyers outside the country.

The next Ritchie Bros.' Las Vegas unreserved public auction is scheduled for June 6, 2014. Equipment owners interested in selling their equipment and trucks in the auction can contact the site at 702-644-2468.