Ritchie Bros. Auctioneers combined two unreserved industrial auctions, enabling customers in the Middle East to bid live on a wide selection of heavy equipment items being sold at auctions in Dubai and Singapore on the same day. Ritchie Bros. conducted the multi-million dollar combined auction on Sept. 3, as Day One of a two-day sale at the Company's Dubai auction site.
The unreserved Dubai auction featured 1,783 lots and generated more than U.S. $26 million in gross auction proceeds. More than 500 registered bidders from 47 countries, including 14 U.S. states and five Canadian provinces, attended the auction either in person or via the Internet. Eighty-six of the registered bidders participated in the auction live and online, using the Company's online bidding service, rbauctionBid-Live.
The unreserved Singapore auction featured 74 lots and generated more than U.S. $6 million in gross auction proceeds. More than 180 registered bidders from 31 countries, including eight U.S. states and four Canadian provinces, attended the auction either in person or via the Internet. Fifty-five of the registered bidders participated in the auction live and online, using rbauctionBid-Live.
“This is the fourth Ritchie Bros. auction that we’ve put equipment in,” says Christina Hiu, director of PT Pamapersada Nusantara , Indonesia's leading mining contractor. “The joint Singapore and Dubai auction was a real success because the bidding audience was a lot larger. Not only were there just Singapore bidders on auction day, but the Internet and a very large crowd in Dubai was also participating. There truly was a global audience.”