A range of equipment will be auctioned, including cranes. Last year, nearly 10,000 people from 79 countries were registered to bid and more than 10,700 items were sold.

Terry Dolan, president (USA & Latin America), Ritchie Bros, said: “Ritchie Bros holds hundreds of auctions in United States each year, but nothing compares to the size and experience of our annual February auction—our consignors bring the equipment and we deliver the buyers.”

“We started holding equipment auctions in Orlando more than 30 years ago and have worked tirelessly to make it a world-class event year after year. Today the auction serves as a bellwether for the state of the equipment industry.”

Ritchie Bros held its first auction in Florida in 1984 and has been operating at its current location in Orlando since 2003. Since 2003 the company has sold more than 157,300 equipment items and trucks for $2.8bn.