At its latest Rocky Mountain regional online auction, Ritchie Bros. attracted more than 11,200 online bidders from 62 countries to compete for more than 2,900 items, generating more than $41 million in gross transaction value.

Equipment in the auction, which was held on Oct. 6 and Oct. 7, was stored at Ritchie Bros.’ locations in Denver and Salt Lake City as well as in its new local yard in Williston, ND. Approximately 93% of the assets in the auction were sold to U.S. buyers, while the remaining 7% was sold to international buyers from countries such as Honduras, India and the Netherlands. Leading up to the auction, Ritchie Bros. experienced a 96% increase in online equipment views and a 48% increase in watchlist adds in comparison to the previous Rocky Mountain event held in August.

“Our regional auctions continue to attract unprecedented demand, driving great returns for consignors,” Chad Apland, regional sales manager for Ritchie Bros., said. “These regional events create a lot of hype in the market — sellers want to be a part of something big and buyers love the increased selection. As a result, we once again saw strong pricing across every asset category in our Rocky Mountain auction, with transportation equipment pricing hitting record levels. If you have surplus equipment or trucks, contact us to sell today.”

Five Big Sellers

• 2006 Caterpillar 623G elevating motor scraper – $415,000
• 2014 Grove TMS800E 80-ton 8x4x4 hydraulic truck crane – $370,000
• 2015 Caterpillar CT660L tri-drive hydro vac truck – $210,000
• 2018 Peterbilt 367 tri-drive day cab heavy haul truck – $145,000
• 2019 Freightliner 122SD Coronado day cab truck tractor – $115,000

Auction Quick Facts

• Gross Transaction Value (GTV): More than $41 million
• Total Registered Bidders: More than 11,200
• Total Number of Lots: More than 2,900
• Total Number of Consignors: More than 650

Ritchie Bros. will sell more than 35,000 equipment items and trucks in its upcoming events, including an auction in Edmonton, AB, from Oct. 26 to Oct. 28 and a crane auction for Sparks Industrial in Decatur, AL, on Nov. 3.