Ritchie Bros. Auctioneers conducted the largest auction in its 50-year history last week, selling almost 6,200 lots over five days for total gross auction proceeds in excess of US$190 million. The Company sold more than US$51 million of trucks and heavy equipment on Day Three of the auction: the most equipment ever sold at a Ritchie Bros. auction in one day. Ritchie Bros., the world’s largest industrial auctioneer, conducted the unreserved public auction at its permanent auction site in Orlando, Florida on February 19 - 23, 2008. The auction surpassed the Company’s previous largest auction - a US$172 million auction conducted at the same site in February 2007.

Posted: 02|25|08 at 1:29 pm. Filed under: Auction News.