Ritchie Bros. conducted its largest Toronto, ON auction ever, selling more than 3,800 equipment items and trucks for C$47+ million ($35+ million).

The three-day auction held March 3  to March 5, 2020, also set a new site record for bidder registrations, attracting a record 7,400+ bidders from 57 countries, including 5,650+ online bidders. Approximately 89% of the equipment in the auction was sold to Canadian buyers, including 71% sold to buyers from Ontario, while international buyers from countries such as Sweden, Vietnam and the United Arab Emirates purchased 11%. Online buyers in the auction purchased 69% of the equipment, with 21% of online purchases made through the Ritchie Bros. mobile application.

“It’s always great to start the year with a record-breaking auction,” said Anna Sgro, senior vice president – Canada East, Ritchie Bros. “Attendance was up 21% from the same auction last year. Combine that uptick with a nice selection of equipment and we were able to achieve strong pricing across all three days of the auction for our consignors. In particular, we saw a lot of interest for the Hyndman/Celadon items—we had a bus running all day back and forth between our Toronto site and the Celadon Fairground. More of these Celadon trucks and trailers will be selling in our upcoming live auctions, including 265 items selling at our Fort Worth, TX auction on March 10 – 11.”

Equipment highlights in the Toronto auction included 500+ truck tractors, 100+ excavators, 40+ loader backhoes, 30+ dozers, and more. All items were sold without minimum bids or reserve prices.