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Machinery News

Ritchie Bros. celebrates 20 years of auctions in Dubai

Ritchie Bros. will hold a special auction in Dubai this month to mark the 20th anniversary in the United Arab Emirates.

Businesses from the wider Middle East region have already consigned 1,700+ heavy equipment items and trucks to the two-day unreserved auction on December 13 & 14. Bids can be made in person at the auction site, online at rbauction.com and by proxy.

Ritchie Bros. has held 72 auctions in Dubai since its first in 1997, selling over 120,000 lots and registering more than 40,000 bidders.

Today’s auctions in Dubai are a lot different than those conducted twenty years ago.

“At the first auctions in Dubai, bidders were seated in a huge tent and everyone joined in person as we didn’t have online bidding yet,” said Eduard Faig, Regional Sales Manager, Ritchie Bros. “Now we run our operation in a comfortable auction theater, with a full-service equipment yard and have a lot more to offer to our customers.

“Through the years more bidders from more countries outside the region found their way to our Dubai auctions, either in person or online, making it a powerful auction hub. Every year businesses from all over the Middle East, Asia and further away rely on us to sell and buy the equipment they need.”

Ritchie Bros.’ 73rd Dubai auction on December 13 & 14, 2016, offers a chance for businesses to buy and sell before the end of the year. There are no minimum bids or reserve prices at the auction, all items are sold to the highest bidders during the auction days.

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