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Ritchie Bros. Gears Up For Final Dubai Auction Of 2020
Keywords: Dubai September Auction
Tags: Ritchie Bros.
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Despite the COVID-19 pandemic, the international demand for heavy equipment and trucks continues to be strong. Bidder attendance at Ritchie Bros. auctions has been steady throughout 2020. The company’s Dubai auction in September even broke a five-year record, with more than 1,280 bidders joining from 86 countries - a 32% increase compared to the same auction in 2019. More than 2,000 pieces of heavy equipment, trucks, and other items were sold in the auction.
Since March 2020, all Ritchie Bros.’ auctions are held entirely online due to the COVID-19 pandemic. In Europe and the Middle East, the company exclusively uses its ‘Timed Auctions’ - an easy to use online auction format that allows bidders to bid over several days until the auctions close. Ritchie Bros.’ Timed Auctions are gaining popularity, with bidder participation often breaking site records in 2020. An advantage of the Timed Auctions is that participants have more time to get their bids in and receive notifications when they’re outbid or in the lead. The Dubai auctions are no exception, with more and more Ritchie Bros. customers joining the online auction experience. Already, hundreds of new bidders joined the Dubai auctions throughout 2020.
Businesses in the Middle East and outside are working with the Dubai team to add inventory to the final Dubai auction of 2020. Again, the auction will take place entirely online, with bidding closing on December 15 and 16 and bidders from all over the world participating. An opportunity to sell equipment before the end of the year, as Ritchie Bros. guarantees the sale of items included in the auction.
Interested bidders will be able to visit the auction site in the Jebel Ali Freezone to view items from December 6. Visitors will be requested to wear face masks and keep a safe distance from each other. On the Ritchie Bros. website, the up-to-date auction inventory can be found, each item having photos and detailed equipment information. People can also follow the Ritchie Bros. Dubai Facebook page to stay informed on the latest updates, videos, and equipment highlights.
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