Ritchie Bros. Las Vegas auction coinciding with ConExpo-Con/Agg brings in $60 million-plus

| March 10, 2014

Aerial photo of the Ritchie Bros. auction in Las Vegas March 6-7 that brought in more than $60 million. (Photo courtesy of Ritchie Bros. Auctioneers)

Aerial photo of the Ritchie Bros. auction in Las Vegas March 6-7 that brought in more than $60 million. (Photo courtesy of Ritchie Bros. Auctioneers)

Coinciding with ConExpo-Con/Agg 2014 last week, the every-three-year concrete/aggregate equipment show, Ritchie Bros. Auctioneers broke several of its side records with its auctions on March 6 and 7 that brought in more than $60 million in gross auction proceeds, had more than 4,750 registered bidders, more than 450 sellers and 900 total buyers, at its permanent auction site in Nevada.

During the first day of the Ritchie Bros. auction in Las Vegas, a selection of motor graders sold on the ramp for $565,000 a piece. (Photo courtesy of Ritchie Bros. Auctioneers)

During the first day of the Ritchie Bros. auction in Las Vegas, a selection of motor graders sold on the ramp for $565,000 a piece. (Photo courtesy of Ritchie Bros. Auctioneers)

Ritchie Bros. says the two-day unreserved public auction broke several site records for online sales, including more than $19 million in online gross auction proceeds, 2,900 online registered bidders and more than 400 online buyers.

More than 2,350 equipment items, including motor graders, hydraulic excavators, backhoes and skid steer loaders, were sold in the auction, with every item sold without minimum bids or reserve prices, according to Ritchie Bros. Auctioneers.

At the time of this posting, the company’s next unreserved public auction in Las Vegas was slated for June 6.

Auction Quick Facts for March 6-7, Las Vegas:

  • Total Gross Auction Proceeds (in-person and online): US $60+ million (*new Las Vegas, NV permanent auction site record)

  • Amount sold online: $19+ million (*new Las Vegas permanent auction site record)

  • Unique registered bidders (total): 4,750+ (*new Las Vegas permanent auction site record)

  • Unique registered online bidders: 2,900+ (*new Las Vegas permanent auction site record)

  • Online buyers: 400+

  • Total number of lots sold: 2,350+

  • Total number of sellers: 450+ (*new Las Vegas permanent auction site record)

Source: Ritchie Bros. Auctioneers

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