Business
Ritchie Bros. Sells US $250+ Million of Heavy Equipment Assets and Vehicles in its 2025 Premier Global Auction Event in Orlando, FL
Five-day public auction attracted 19,000+ bidders from 75+ countries competing for 16,000+ equipm...
About this update from Rb Global, Inc.
[{"type":"text","content":"Ritchie Bros. Sells US $250+ Million of Heavy Equipment Assets and Vehicles in its 2025 Premier Global Auction Event in Orlando, FL\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwlistcircle { list-style-type: circle }\n.bwlistdisc { list-style-type: disc }\n \n\n\n\n Five-day public auction attracted 19,000+ bidders from 75+ countries competing for 16,000+ equipment items\n \n\n\n\n RB Global, Inc. (NYSE: RBA) (TSX: RBA), the trusted global marketplace for insights, services and transaction solutions for commercial assets and vehicles, today announced that Ritchie Bros. Auctioneers sold 16,000+ equipment items, trucks and vehicles at its Feb. 17-21 premier global auction event in Orlando, FL, generating US$250+ million in gross transaction value (GTV).\n \n\n The premier global auction event attracted 19,000+ people from 75+ countries, with approximately 88% of the equipment selling to U.S. buyers, including 23% purchased by Floridians. The remaining 12% of the equipment was purchased by international buyers from as far away as Australia, Singapore and Israel.\n \n\n Featured equipment sold during the auction includes:\n \n\n\n 2007 Liebherr LTM 1400-7.1 500 ton All Terrain Crane\n \n\n Sold for $910,000 to a buyer in North Dakota\n \n\n Physical Selling Location: St. Louis, Missouri\n \n\n\n\n 2023 Cat 395 VG Tracked Excavator\n \n\n Sold for $900,000 to a buyer in Florida\n \n\n Physical Selling Location: Davenport, Florida (Orlando Site)\n \n\n\n\n 2020 Kenworth T880 T/A Truck Tractor\n \n\n Sold for $117,500 to a buyer in Virginia\n \n\n Physical Selling Location: Davenport, Florida (Orlando Site)\n \n\n\n\n\n “I want to offer a huge thank you to our customers participating onsite and online for providing the largest selection of equipment available for sale at one time and making this year’s premier global auction in Orlando a major success,” said Jeff Jeter, Chief Revenue Officer at RB Global. “With 16,000+ equipment items sold between our Orlando lot and through our Virtual Sales Option featuring IronClad Assurance, we continue to grow our global buyer base and provide valuable returns to our sellers. We also saw strong engagement from customers onsite looking to take advantage of our value-added services, like VeriTread and Ritchie Bros. Financial Services, to transpor...