Ritchie Bros. Auctioneers recently held a record-breaking, multi-million pound industrial equipment auction at its Donington Park site in the East Midlands.
It was the company’s largest-ever UK auction, setting new site records for total number of registered bidders (800+), number of online bidders (490+), number of lots sold (1,280+) and number of sellers (80+).
“An increase in industry activity in the UK has resulted in a vibrant balance between machinery supply and demand,” said Rupert Craven, UK & Ireland Sales Director, Ritchie Bros. Auctioneers. “Large construction and plant rental businesses are renewing their fleets and need an efficient, reliable way to turn used items into cash.
“Meanwhile, our buying customers, in particular those involved in earthmoving and access, need quality equipment they can put to work right away. An unreserved Ritchie Bros. auction is an efficient way for both buyers and sellers to exchange equipment with confidence. For this auction, we saw participation from hundreds of bidders from more than 60 countries, attracted by the large variety of late model equipment available.”
More in the next print edition of Plant & Civil Engineer.