Ritchie Bros. has revealed that its final auction of the year in Dubai attracted more than 770 registered bidders from more than 55 countries – a new site record – as sales hit $41 million.
“We ended 2010 on a high note with our fifth and final Dubai auction of the year,” said Guylain Turgeon, Ritchie Bros. Auctioneers Managing Director, Europe, Middle East and Africa.
“We welcomed a record number of bidders to the auction, and saw active bidding both online and on-site for the equipment items being sold. The competitive bidding, particularly among bidders here on-site, helped raise the selling prices to high levels for our consigning customers. Among the bidders were several contractors getting geared up for projects related to the World Cup 2022 in Qatar.”
Ritchie said that out-of-country buyers purchased approximately 50% of the equipment and 1,600 used and unused equipment items were sold, including 55 hydraulic excavators, 55 wheel loaders, 25 articulated dump trucks, 30 crawler tractors, 25 cranes, 25 rock trucks, 20 pipelayers, 35 truck tractors, and other equipment including rollers, asphalt pavers, trenchers, lifts, motor graders, generators sets during the three-day auction.
December has been a busy month for the auction houses around the UAE, and last week saw WWA raise $14 million at in one day at its own auction facility.
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