Ritchie Bros. Auctioneers, the world largest heavy-duty equipment and truck auction house, held the first unreserved public auction in China on April 18. The one-day auction recorded a transaction value of millions of dollars and over 500 registered bidders.
The bidders came from 30 countries and territories such as the UK, the US, Jordan, Japan, Hong Kong, Malaysia, Salvador and Panama. Overseas bidders purchased 17 percent of equipment auctioned.
Ritchie Bros. Auctioneers has built salesroom in the Beijing Tianzhu Free Trade Zone; the company will continue to hold unreserved public auctions there.