Ritchie Bros. QLD mining auction sees 1650 bidders and tens of millions in sales

International heavy equipment auctioneers Richie Bros. saw tens of millions in sales at its latest auction, with 1650 registered bidders competing for heavy machinery from 1100 lots of items.

Of these, over 400 were from Darwin-based Mark Cundall Earthmoving — business owner Mark Cundall decided to retire at the start of the year.

The auction took place on March 1 in Yatala, Queensland, roughly halfway between Gold Coast and Brisbane.

Richie Bros. regional sales manager Dale Spedding said the auction resulted in excellent prices, and that a lot of contract work had been released in Queensland and New South Wales, leading to strong lots.

He commented on the legacy left by Mark Cundall’s business, stating that Mark’s reputation underpinned exceptional prices for his consignment, including Terex articulated dump trucks that sold for $50–60,000 above expectations.

“As well as providing service histories, maintenance records and warranties, MCE was on site in the week prior to auction to talk to potential buyers,” Spedding said.

“They bought with confidence because they knew it was coming from a good home and Mark’s expectations were far exceeded.”