Construction equipment firm takes in nearly $300M in auction

Ritchie Bros. set some significant sales records at a recent auction in Polk County.

By Business Observer Staff
| 10:23 a.m. February 28, 2019
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Records were in abundance at a recent Ritchie Bros. auction in Polk County, where construction and agriculture equipment changed hands rapidly.

The auction, held Feb. 18-23 on the company’s 220-acre site off Interstate 4 in Davenport, between Orlando and Tampa, closed deals on 13,350 lots, say company officials, for a total of $297 million. The latter is up 6.8% over last year’s $278 million tally, and both those marks set company records.