Ritchie Bros. Sells More Than $95MM in Equipment at Recent Auctions

Ritchie Bros. attracted more than 26,250 combined bidder registrations and logged more than $95 million in combined gross transaction value at its recent multi-day online auctions in Edmonton, AB, and in the Rocky Mountain region.

From March 2 to March 3, Ritchie Bros. sold more than 3,700 equipment items from five locations in its Rocky Mountain regional event. Highlights included a 2017 CMI Bandit 12 portable dry-mix concrete plant sold for $500,000, a 2012 Grove TMS9000E 110-ton 8×4 hydraulic truck crane sold for $340,000 and a 2015 Caterpillar 160M3 AWD motor grader sold for $275,000.

“We achieved excellent results in last week’s Rocky Mountain regional event, resulting in a lot of very happy consignors, many of whom are eager to sell again soon,” Chad Apland, regional sales manager in Denver for Ritchie Bros., said. “Immediately following the auction, we began receiving calls from customers asking how quickly they can get their equipment on the market to take advantage of the strong pricing we are achieving today. We have IronPlanet sales every Thursday, our Marketplace-E platform is stocked 24/7 with premier assets and our next Rocky Mountain regional event will be in May — whatever you need, we are here to help.”

Ritchie Bros. also held its first Edmonton, AB, auction of 2022 last week, selling more than C$59 million ($46 million) of trucks and equipment from March 1 to March 3. Sales highlights included a 2012 Caterpillar D6T LGP dozer sold for C$317,000 ($248,888), a 2021 Kenworth T800 8×6 truck tractor sold for C$295,000 ($231,251) and a 2018 Hitachi ZX225US-6 hydraulic excavator sold for C$267,5000 ($209,693).

“I think Ritchie Bros. is the benchmark for selling equipment with the reputation they have built and the services they provide,” Jim Bardick of J&V Trucking, who conducted a fleet realignment in last week’s Edmonton auction, said. “Their financial arm is a huge advantage for sellers and a great benefit for buyers. Most banks are so restrictive, but Ritchie Bros. Financial Services understands equipment and auctions, which is very important when items are selling for a premium. At the end of the sale, we had exceeded expectations and were very proud of how Ritchie Bros. represented our company and our equipment.”

Ritchie Bros. will have more than 60,000 items listed in its upcoming auctions and online marketplaces, including a three-day Fort Worth, TX, auction with more than 4,000 items that will be held from March 15 to March 17 and a six-day Edmonton, AB, auction in early May.

“We already have a big complete dispersal from Crow Enterprises consigned to our May Edmonton sale with some excellent dirt moving equipment,” Trent Vandenberghe, regional sales manager in Edmonton, AB, for Ritchie Bros., said. “The recent rise in oil prices is driving new exploration in Alberta and increased demand for oil and gas-related equipment. Now is a great time to sell. Please don’t hesitate to contact us so we can start advertising your assets to the world.”

Auction Quick Facts
Rocky Mountain Regional Event (March 2 – 3) Edmonton, AB (March 1 – 3)
Gross Transaction Value More than $49 million More than C$59 million ($46 million)
Total Registered Bidders More than 11,000 from 49 countries More than 15,200 from 51 countries
Number of Lots More than 3,700 More than 4,500
Number of Consignors More than 600 More than 690

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