Ritchie Bros. sold more than 3,900 items from its sites in Denver, Salt Lake City and Williston, ND, in one combined online Rocky Mountain event, generating $40 million in gross transaction value.
More than 9,900 people from 62 countries registered for the unreserved auction, which was held from Aug. 4 to Aug. 5. Approximately 91% of the assets were sold to U.S. buyers, including 23% to buyers from Colorado, 10% to buyers from Utah and 2% to buyers from North Dakota. The remaining 9% of the assets were sold to international buyers from countries such as Australia, Israel and Vietnam.
“We had a lot of happy customers after this auction, with sellers getting great prices and buyers filling out their fleets for summer and fall work,” Chad Apland, regional sales manager for Ritchie Bros., said. “Thank you to all our customers for continuing to put your trust in Ritchie Bros. For those unable to get what they wanted this week, we have a ton of upcoming buying opportunities, including weekly featured online auctions at IronPlanet and Marketplace-E.”
Five Big Sellers
Auction Quick Facts: Rocky Mountain Regional
Ritchie Bros. will sell more than 35,000 equipment items and trucks in its upcoming events, including a Houston auction that will be held from Aug. 24 to Aug. 26, an Orlando, FL, auction that will be held from Sept. 2 to Sept. 3 and a Southeast Regional auction that will be held from Sept. 9 to Sept. 10.
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