Ritchie Bros. gears up for major auction in Dubai
DUBAI, 2 days ago
Ritchie Bros., Europe’s largest global asset management and disposition company, is preparing to host another major unreserved auction in Dubai from June 17 to 18.
With over 1,500 items from trusted global brands across key sectors - including construction, transportation, and lifting - this event offers an unmatched opportunity for buyers around the world to secure quality equipment.
Every item will be sold to the highest bidder, with no minimum bids or reserve prices, ensuring fair competition and full transparency for all participants. Bidding will take place exclusively online, said a statement from Ritchie Bros.
This upcoming auction will feature a wide range of equipment to suit various needs and budgets. Key categories include:
*Excavators: More than 100 units for sale
*Backhoe loaders: Over 45 units, 14 of which are unused
*Cranes: Over 55 units, including truck cranes, crawler cranes and rough terrain cranes
*Wheel loaders: More than 40 units available
The other highlighted equipments include 2020 CAT 980M Wheel Loader; 2020 Sany SYM5446THB 56M Concrete Pump Truck on Volvo FMX500 8x4 and 2020 Komatsu D155A-6 Crawler Tractor.
Ritchie Bros. said the Dubai yard will be open for in-person inspections from June 12 to 16. Bidding opens on 12 June and closes 17-18 June (lots close at staggered times).
"Visitors can view and test equipment on site. To ensure a comfortable experience despite the summer heat, shaded workstations and courtesy cars will be available throughout the yard," said company spokesman.
The upcoming Dubai auction takes place against the backdrop of some market signals from Europe, where demand for specific equipment types - such as crawler excavators and articulated dump trucks - has risen significantly, according to Ritchie Bros.' latest European Used Equipment Market Trends Report for Q1 2025.
As per the report, crawler excavators have recorded a 33% increase in buyer demand on Mascus compared to Q1 2024, indicating a more optimistic outlook for 2025.
Also articulated dump trucks saw a 56% rise in median auction prices, reflecting a strong buyer appetite despite the uncertainty in the wider market, the report added.-TradeArabia News Service
