Orlando: Richie Bros., a manufacturer and trader of heavy metal products and one of the largest machinery traders, auctioned more than 10,000 heavy equipment items recently in Orlando. In the process of auctioning these heavy metal and machinery items, the company broke a number of records.

Peter Blake, Ritchie Bros. CEO said, “In more than 50 years of business we have never held or seen an equipment auction of this magnitude, and we thank our customers and our staff for being part of this historic week.” He continued by indicating, “We saw multiple auction records broken during this event and, as with all our auctions, it was a truly global marketplace in Orlando. Bidder participation from within Florida and around the world helped sellers achieve true global market value on the sale of their equipment. We begin 2012 confident that we're providing compelling solutions and value to the world's builders-our Orlando auction, our third industrial auction of the year, has set the stage for us to continue carrying out our mission.”

It has been reported that more than 4070 registered bidders participated in the auction from across the globe using the Richie Bros. real time online bidding platform. The online bidders purchased more than USD 47 million of equipment.