Ritchie Bros. concludes online auction

18 Jun 2024 CW Team

Key Highlights:

Global Participation: The auction saw a remarkable level of global participation, with a total of 981 bidders from 69 countries. This included 416 bidders from the UAE and 565 international bidders, highlighting the extensive global reach and appeal of Ritchie Bros. auctions. The diverse participation underscored the platform's ability to attract interest from buyers across various regions, solidifying our presence in the global market.

High Volume of Sales: The event featured a high volume of sales, with a total of 1,123 lots sold. The auction drew 309 buyers, of which 215 were from the UAE and 94 were international. This significant number of buyers demonstrates the trust and reliability that participants place in Ritchie Bros. for acquiring quality industrial equipment.

Top Bidding Countries: The top bidding countries were led by the UAE, with 416 bidders participating in the auction. This was followed by the USA with 145 bidders, Canada with 138 bidders, Saudi Arabia with 27 bidders, and the United Kingdom with 20 bidders. These statistics reflect the widespread interest and competitive bidding environment fostered by its auctions.

Top Sales of Equipment and Trucks at the Auction:

Construction Equipment:

2016 Cat 745C Articulated Dump Truck (5,034 hours) – sold for $167,500

2018 Komatsu PC400LC-8R Hydraulic Excavator (6,198 hours) – sold for $111,000

2012 Cat 740B Articulated Dump Truck (7,932 hours) – sold for $101,000

2014 Cat 336D2L Hydraulic Excavator (5,604 hours) – sold for $53,000

Transportation Equipment:

2016 Nissan Patrol Pickup – sold for $19,000

2015 Toyota Land Cruiser Pickup – sold for $17,000

2016 Mercedes-Benz Sprinter 515 CDI Van – sold for $15,000

Lifting and Material Handling Equipment:

2006 Cat DP150 15 ton Pneumatic Tire Forklift – sold for $24,000

2021 Hyster S1.5UTS 1.5 ton Electric Stacker (unused) – sold for $13,000

2022 Doosan D15S-5 1.5 ton Pneumatic Tire Forklift (unused) – sold for $12,500

Online Engagement: The auction generated substantial online interest with 1,244 registrations and 16,314 items added to watchlists, demonstrating the robust digital engagement and demand for the auctioned items.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

Ritchie Bros. announced the successful conclusion of its unreserved online auction held in Dubai, UAE. This event, marking the end of Q2, attracted a significant number of participants from around the globe, reinforcing the strength and reach of the company's online auction platform.Key Highlights:Global Participation: The auction saw a remarkable level of global participation, with a total of 981 bidders from 69 countries. This included 416 bidders from the UAE and 565 international bidders, highlighting the extensive global reach and appeal of Ritchie Bros. auctions. The diverse participation underscored the platform's ability to attract interest from buyers across various regions, solidifying our presence in the global market.High Volume of Sales: The event featured a high volume of sales, with a total of 1,123 lots sold. The auction drew 309 buyers, of which 215 were from the UAE and 94 were international. This significant number of buyers demonstrates the trust and reliability that participants place in Ritchie Bros. for acquiring quality industrial equipment.Top Bidding Countries: The top bidding countries were led by the UAE, with 416 bidders participating in the auction. This was followed by the USA with 145 bidders, Canada with 138 bidders, Saudi Arabia with 27 bidders, and the United Kingdom with 20 bidders. These statistics reflect the widespread interest and competitive bidding environment fostered by its auctions.Top Sales of Equipment and Trucks at the Auction:Construction Equipment:2016 Cat 745C Articulated Dump Truck (5,034 hours) – sold for $167,5002018 Komatsu PC400LC-8R Hydraulic Excavator (6,198 hours) – sold for $111,0002012 Cat 740B Articulated Dump Truck (7,932 hours) – sold for $101,0002014 Cat 336D2L Hydraulic Excavator (5,604 hours) – sold for $53,000Transportation Equipment:2016 Nissan Patrol Pickup – sold for $19,0002015 Toyota Land Cruiser Pickup – sold for $17,0002016 Mercedes-Benz Sprinter 515 CDI Van – sold for $15,000Lifting and Material Handling Equipment:2006 Cat DP150 15 ton Pneumatic Tire Forklift – sold for $24,0002021 Hyster S1.5UTS 1.5 ton Electric Stacker (unused) – sold for $13,0002022 Doosan D15S-5 1.5 ton Pneumatic Tire Forklift (unused) – sold for $12,500Online Engagement: The auction generated substantial online interest with 1,244 registrations and 16,314 items added to watchlists, demonstrating the robust digital engagement and demand for the auctioned items.

Real Estate

03 Sep 2025

Maharashtra to Revise Infrastructure Policies

The Government of Maharashtra will make every possible effort to frame infrastructure-related policies, including those that promote housing in the state, in line with changing requirements. This assurance was given by Mrs. Meghana Sakore Bordikar, Minister of State, Government of Maharashtra, while addressing the two-day NAREDCO 17th National Convention, “India Builds: Reimagining Growth through Real Estate and Infrastructure”. At the convention, Dr Niranjan Hiranandani, Chairman of NAREDCO, called for a new blueprint for infrastructure policies in the present context.The Minister assured..

Real Estate

03 Sep 2025

Agami Realty Enters Mumbai's Luxury Market

Agami Realty, a leading real estate developer with a legacy of over five decades, has marked its foray into Mumbai’s luxury residential market with two significant redevelopment projects in Bandra, valued at an estimated Rs 9.5 billion. The company, known for its boutique developments that blend sustainability, technology, and design excellence, has already received a strong response to its Bandra offering.Agami Eternity, the firm’s first completed premium redevelopment project in Mumbai, recently received its Occupancy Certificate. Located in Bandra East, the project was designed by inter..

Real Estate

03 Sep 2025

Hafele Launches Its Third Licht Experience Centre in India

Hafele, a global leader in interior solutions, has announced the launch of its third Licht Experience Centre in Ahmedabad. This new centre, located at 302, 31 Five, Opp. Palladium, Corporate Road, Makarba, follows the successful openings in Chandigarh and Indore, further strengthening Hafele's footprint in India. The name “Licht,” which means “light” in German, captures the essence of this experience, where technology meets aesthetics to redefine interior spaces.The Ahmedabad Licht Experience Centre was inaugurated by Mr Frank Schloeder, Managing Director of Hafele South Asia, and Mr P..