15,900+ bidders from 88 countries participated in the massive six-day Orlando event.
A sea of equipment stretched over the 220-acre our auction site in Orlando, FL last week as we hosted our largest auction ever. Over six days we sold a staggering 13,350+ assets for a record US$297+ million—up seven percent from last year's US$278+ million total!
The massive selection of equipment attracted more than 15,900 people from 88 countries—setting a new site record—including 11,300+ bidders participating online in real time from around the world. At the end of the six-day event, approximately 84 percent of the assets were purchased by buyers from outside Florida, showcasing the auction's wide appeal. U.S. buyers purchased 85 percent of the equipment, while international buyers from countries such as Australia, China, Colombia, Germany, Nigeria, and the United Arab Emirates purchased 15 percent. Online buyers purchased approximately 49 percent of the equipment.
Multiple company records broken.
"We had a great week in Orlando, helping more than 1,150 companies sell their surplus equipment to buyers from nearly every corner of the world," said Ravi Saligram, Chief Executive Officer, Ritchie Bros. "Orlando is the Super Bowl of auctions and our team was prepared and performed tremendously, helping us set multiple company records, including our largest ever gross transactional value (GTV) and the most equipment we've sold in one auction in 60-plus years of business. On Day Five alone we sold approximately 2,300 items for more than US$82 million—the largest single auction day in our history! Importantly, I want to thank all our consignors and buyers for their confidence in us."
Auction quick facts: Orlando, Florida (February 2019)
- Total gross transactional value – US$297+ million *new company record
- Amount sold to online bidders – US$146+ million *new company record
- Total registered bidders (in person and online) – 15,900+ *new site record
- Registered online bidders – 11,300+ *new company record
- Total lots sold – 13,350+ *new company record
- Number of sellers – 1,150+ *new site record
If you missed out on any of the Orlando 2019 action, you can catch up on Facebook and Instagram for lots more photos and videos from Orlando. And you can see what every item sold for in Orlando with a free account on our website.
Create a free account