9% Increase in Proceeds at Ritchie Bros. Orlando Auction | Construction News

In just five days, 10,000 pieces of equipment were sold at Ritchie Bros.'s Orlando auction last week, bringing in more than $188 million in sales. A record 10,400 people from 88 countries were registered to big on equipment at the auction, and about 38% were sold to online buyers. About 79% of sales were made to buyers in the United States, while 21 percent were sold internationally. Ritchie Bros. reported that there was a 9% increase in total gross auction proceeds over the same auction last year. 

Of the more than 10,000 equipment items were sold in the Orlando auction, the lifting equipment sold included 110 cranes, 285 boom lifts, 153 scissor lifts, and 123 telescopic handlers.

Walsh Construction, one of 1,000+ sellers at the auction, brought machines from Illinois, Pennsylvania, and Kentucky. Chrissy Wolfe, equipment procurement & Disposal Manager for Walsh Construction, said the equipment pricing trends at the Orlando auction is an indication for how the rest of the year is going to go. "That was one of the main reasons we consolidated everything at this auction," she said. "We were very happy with the outcome; they exceeded our expectations."