Ritchie Bros. Conducts $57 million Unreserved Dubai Auction

Ritchie Bros. Auctioneers RBA conducted a record-breaking auction in Dubai, United Arab Emirates last week, selling US$57 million of heavy equipment and trucks the highest gross auction proceeds ever generated from a Dubai auction.

The auction also set new Dubai site records for on-site and online bidder registrations. In total, more than 800 unique bidders from 59 countries participated, competing for the 2,340 heavy equipment items and trucks sold. Buyers from outside the United Arab Emirates purchased close to 60 percent of the equipment in the auction ($32 million worth).