Over 5,200 machines sold in 2023 at Ritchie Bros. Middle East auctions

Over 5,200 machines sold in 2023 at Ritchie Bros. Middle East auctions

Ritchie Bros. Middle East, a trusted global marketplace for insights, services, and transaction solutions for commercial assets and vehicles, held four online auctions in 2023 and sold more than 5,200 lots. The auctions attracted the participation of over 4,400 bidders from over 70 countries and generated 1.6 million visits to Ritchie Bros.’ online auction and buying platform Marketplace-E.

In 2023, Ritchie Bros. significantly invested in manpower, infrastructure, and advertising, which enabled the organization to extend its reach in the region and attract a large number of bidders who purchased a variety of heavy machinery at the auctions and via Marketplace-E. Of the total number of buyers who purchased equipment from Ritchie Bros. Middle East in 2023, the majority were based in the UAE (1,248 bidders). Rounding out the top five participating countries were the USA (742 bidders), Canada (481), Saudi Arabia (84) and The Netherlands (71).

Strong demand for hydraulic excavators was a continuing trend in 2023, with this item being the most popular equipment category sold during the year. Wheel loaders, crawler tractors, generator sets and rough terrain cranes were among the top five equipment categories purchased in 2023. The 2015 ZOOMLION QUY260 ton crawler crane was the most expensive piece