{"id":1567,"date":"2011-06-30T08:16:23","date_gmt":"2011-06-30T15:16:23","guid":{"rendered":"http:\/\/www.cssgroupsite.com\/lighthouse\/?p=1567"},"modified":"2011-06-30T08:16:23","modified_gmt":"2011-06-30T15:16:23","slug":"multi-million-dollar-auction-in-dubai","status":"publish","type":"post","link":"https:\/\/cssgroupsite.com\/lighthouse\/multi-million-dollar-auction-in-dubai\/","title":{"rendered":"Multi Million Dollar Auction In Dubai"},"content":{"rendered":"<p><img decoding=\"async\" class=\"alignleft size-medium wp-image-1568\" title=\"multi-million-dollar-auction-in-dubai\" src=\"http:\/\/www.cssgroupsite.com\/lighthouse\/wp-content\/uploads\/2011\/06\/multi-million-dollar-auction-in-dubai-300x110.jpg\" alt=\"\" width=\"300\" height=\"110\" \/><strong><span style=\"color: #ff0000;\">E<\/span><\/strong>stablished in 1958, Ritchie Bros. Auctioneers is the world\u2019s largest industrial auctioneer, selling more equipment to on-site and online bidders than any other company in the world. The Company has over 110 locations in more than 25 countries, including 41 auction sites worldwide. Ritchie Bros. sells, through unreserved public auctions, a broad range of used and unused industrial assets, including equipment, trucks and other assets utilized in the construction, transportation, agricultural, material handling, mining, forestry, petroleum and marine industries.<\/br><br \/>\nRitchie Bros. Auctioneers, the world\u2019s largest industrial auctioneer conducted an unreserved equipment auction on May 10 \u2013 11, 2011 at its auction site in Dubai, UAE. More than 1,700 items from 200+ owners were featured in the auction, including 700 transportation items, of which, 80 are late model MAN TGA33.400 6X4 truck tractors. The highlights include several late model Komatsu rock trucks and a diverse selection of heavy equipment items. The bids were placed at the Dubai auction site on auction day, online in real time at www.rbauction.com and by proxy.<\/br><br \/>\nThe auction also featured hundreds of heavy industrial equipment items, including, 70+ hydraulic excavators, 50+ wheel loaders, 25 plus dump trucks, 25 plus rock trucks, 25 mixer trucks, nearly 20 crawler tractors and many more items. This is the second Ritchie Bros. sale conducted at the site this year. At a previous Dubai auction held on March 8 \u2013 9, 2011, more than US$57 million of heavy equipment and trucks were sold\u2014the highest amount of gross auction proceeds ever generated from a Dubai auction.<\/br><br \/>\n\u201cBesides a broad range of heavy construction and mining equipment items, our customers are also able to bid on a large selection of transportation items,\u201d said Steve Barritt, Regional Manager, Ritchie Bros. Auctioneers. \u201cA highlight in the Dubai sale was the package of 80 late model MAN truck tractors. As always, there are no minimum bids or reserve prices in our auctions and all items are sold on auction day. The Dubai auction will be a great opportunity for anyone looking to buy trucks, trailers and other assets they need.\u201d<\/br><br \/>\nThe Heavy Equipment Logistics department led by V.P. Business Development Ken Dinnadge along with Hinna Hussain, Key Account Manager and Rahul Mathew, Key Account Manager attended the two-day auction. As per Ken \u201c This was a great opportunity to network with the buyers and sellers at the auction as it gives us a platform to promote CSS and its first class services offered.\u00a0 We were able to assist and secure logistical solutions for the buyers and sellers to ensure their equipment\u2019s reach from point A to B in a safe and cost effective manner. Basically we provide \u2018Local Knowledge with Global Expertise!\u2019 added Ken.<\/br><br \/>\n<span style=\"color: #ff6600;\">A Ritchie Bros. auction is an exciting event: millions of dollars of equipment, thousands of bidders, an item selling almost every minute \u2013 often for tens or hundreds of thousands of dollars. <\/span><\/br><br \/>\n<span style=\"color: #ff6600;\">Here are some interesting facts and records about Ritchie Brothers:<\/span><\/br><br \/>\n<span style=\"color: #ff0000;\">THEIR FIRST AUCTION<\/span><br \/>\n1958 in Kelowna, British Columbia, Canada \u2013 CA$2,000 of furniture sold<\/br><br \/>\n<span style=\"color: #ff0000;\">THEIR FIRST AUCTION OUTSIDE NORTH AMERICA<\/span><br \/>\n1987 \u2013 in Liverpool, the United Kingdom<\/br><br \/>\n<span style=\"color: #ff0000;\">THE LARGEST AUCTION IN RITCHIE BROS. HISTORY<\/span><br \/>\nUS$190 million of equipment sold over five days at our Orlando, Florida auction site (February 2008)<\/br><br \/>\n<span style=\"color: #ff0000;\">THEIR LARGEST CANADIAN AUCTION<\/span><br \/>\nCA$93 million (US$79 million) of equipment sold over three days at our Edmonton, Alberta auction site (April 2009)<\/br><br \/>\n<span style=\"color: #ff0000;\">THEIR LARGEST AUCTION IN EUROPE<\/span><br \/>\nUS$67 million of equipment sold over three days at our Moerdijk, the Netherlands auction site (November 2004)<\/br><br \/>\n<span style=\"color: #ff0000;\">THE HIGHEST BID EVER PLACED AT A RITCHIE BROS. AUCTION<\/span><br \/>\n34 million Euros (US$46 million) \u2013 for the 220-ft mega yacht Apoise, at an auction in Grand Cayman, Cayman Islands (March 2010)<\/br><br \/>\n<span style=\"color: #ff0000;\">THE HIGHEST BID PLACED ON A PIECE OF EQUIPMENT AT A RITCHIE BROS. AUCTION<\/span><br \/>\nUS$3.7 million &#8211; for a Liebherr LR 1800, 800-ton crawler crane at an auction in Sacramento, California (April 2006)<\/br><br \/>\n<span style=\"color: #ff0000;\">THE MOST BIDDERS AT ONE AUCTION<\/span><br \/>\nMore than 8,500 people registered to bid on-site or online at an auction at our Edmonton, Alberta auction site (April 2009)<\/br><br \/>\n<span style=\"color: #ff0000;\">THE MOST LOTS EVER SOLD AT A RITCHIE BROS. AUCTION<\/span><br \/>\nOver 8,300 heavy equipment items and trucks sold over six days at our Orlando, Florida auction site (February 2009)<\/br><br \/>\n<span style=\"color: #ff0000;\">MOST EQUIPMENT SOLD TO ONLINE BIDDERS AT ONE AUCTION<\/span><br \/>\nUS$36 million of equipment sold to online bidders participating in an auction at our Orlando, Florida auction site (February 2009)<\/br><br \/>\n<span style=\"color: #ff0000;\">THEIR LARGEST AUCTION SITE<\/span><br \/>\nOrlando, Florida \u2013 200 acres<\/br><br \/>\n<span style=\"color: #ff0000;\">THEIR FIRST PERMANENT AUCTION SITE<\/span><br \/>\nEdmonton, Alberta \u2013 opened in 1976<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Established in 1958, Ritchie Bros. Auctioneers is the world\u2019s largest industrial auctioneer, selling more equipment to on-site and online bidders than any other company in the world. The Company has over 110 locations in more than 25 countries, including 41 auction sites worldwide. Ritchie Bros. sells, through unreserved public auctions, a broad range of used &#8230; <a title=\"Multi Million Dollar Auction In Dubai\" class=\"read-more\" href=\"https:\/\/cssgroupsite.com\/lighthouse\/multi-million-dollar-auction-in-dubai\/\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[34],"tags":[],"class_list":["post-1567","post","type-post","status-publish","format-standard","hentry","category-transportation-conference-and-exhibition"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Multi Million Dollar Auction In Dubai - Lighthouse<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cssgroupsite.com\/lighthouse\/multi-million-dollar-auction-in-dubai\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Multi Million Dollar Auction In Dubai - Lighthouse\" \/>\n<meta property=\"og:description\" content=\"Established in 1958, Ritchie Bros. 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