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Saturday, January 16, 2021
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Ritchie Bros. sees strong bidder participation at last 2020 online auction in Dubai

Global equipment auctioneer’s online sales event saw 1,450 units sold with bidders coming from the Middle East and Africa region through its Online Timed Auction system

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Ritchie Bros. has reported sales of over 1,450 pieces of equipment, trucks and other items for more than 210 of its consigning customers in its last online machinery and heavy equipment auction of 2020 in Dubai held in December.

According to the global machinery and heavy equipment auctioneers, over 1,200 online bidders from 83 countries registered for the Dubai event, which concluded on December 16. More than 40% of the equipment in the auction was purchased by bidders from countries outside the UAE, including Egypt, Ghana, Nigeria and South Africa. The auction was conducted entirely online using Ritchie Bros.’ easy-to-use Online Timed Auction system.

The Dubai auction inventory ranged from excavators, wheel loaders, crawler tractors and backhoes through to articulated dump trucks, mobile cranes and more. This edition of the auction also saw increased numbers of buses, pickup trucks and passenger vehicles being consigned, further broadening the auction inventory and range of options for buyers.

“We saw an impressive number of registered bidders participate in our December online auction,” said Eduard Faig, regional sales manager at Ritchie Bros., Middle East. “After the auction, we received a lot of positive feedback from online bidders who told us how easy it was to use our Online Timed Auction system, accessible through our website via our mobile app.”

Bidders could research sale items on the Ritchie Bros. website and app, or in person during viewing days, following the strict health, safety and physical distancing precautions in place at the Ritchie Bros.’ Dubai auction site. Ritchie Bros.’ Timed Auctions have no physical auctioneer, with bidding open for several days, with auction lots closing at staggered times during the final days.

“Bidders enjoy the online experience because there’s more time to place bids, plus they receive status notifications on their devices, which makes it both convenient and fun. It is exciting to see businesses embracing our technology and confidently buying and selling at our auctions throughout this challenging period,” Faig said.

Ritchie Bros. is currently listing new items on its website for its next quarterly auction, which will take place in March 2021.

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