Ritchie Bros. Sells More than $1B in Last 12 Months, IronPlanet Records Busiest July Ever

Ritchie Bros. sold more than $1 billion of equipment through its online marketplaces between August 2019 and July 2020. In fact, Ritchie Bros.’ IronPlanet solution just had its busiest July ever, selling 8,700 items for more than $58 million.

“The ease and comfort of buying and selling online has grown exponentially over the last several months,” Ann Fandozzi, CEO of Ritchie Bros, said. “Sellers need to reach buyers beyond their local market to maximize results and buyers are willing to go the extra mile in search of a deal.

“In an ever-increasing ‘no touch world,’ we have adapted to make sure our customers can get the equipment they need safely and efficiently. We offer inspection reports backed by IronClad Assurance, tons of photos, service records and anything else a buyer may need to feel comfortable prior to bidding online.”

In first half of 2020, Ritchie Bros. sold more than 308,000 items across all its platforms. More than 6.1 million bids were placed on these items (approximately 19 bids per item), while the company sold to buyers from 140 different countries.

2020 IronPlanet Sales Highlights (IronPlanet auctions are held every Thursday)

  • A 2010 Caterpillar D10 dozer sold from Australia sold for more than $346,000 
  • A 2017 Soilmex SR30.23 EVO crawler-mounted piling drill rig from Australia sold for more than $315,000
  • A John Deere 859M track feller buncher from Washington sold for $315,000

2020 Marketplace-E sales highlights (24/7 reserved marketplace for specialized assets):

  • A Rheinwerft self-propelled seagoing barge with a 2014 Sennebogen 7700 crawler crane located in Germany sold for $2.83 million
  • A 2012 Caterpillar 6040 front shovel from the Netherlands sold for $2.82 million
  • A 120-acre industrial property in California sold for $1.88 million

There are currently more than 50,000 items available for purchase through Ritchie Bros. various marketplaces. 

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