Tractors, combines, and more will sell in special Timed Auction
event on Nov. 4
VANCOUVER, Oct. 20, 2020 /CNW/ - Since the COVID-19
shutdowns in mid-March, global equipment auctioneer Ritchie Bros. has been using its various sales
solutions in new innovative ways. Its big, onsite industrial
auction events are now online only and attracting record crowds.
Customers are self-listing items on the company's Marketplace-E
platform. Meanwhile its farm retirement sales, traditionally held
on the farmer's property, have moved to the company's Timed Auction
system, providing new efficiencies and strong returns for
consignors.
On November 4, Ritchie Bros. will host its first Canadian
Regional Timed Auction event, with hundreds of items selling for
dozens of owners across Western
Canada. Highlights include a 2013 John Deere S690 combine, a
2009 Case IH 485 Quadtrac tractor, and a 2011 Bourgault 6700ST
700-bushel tow-behind air tank. All items will be sold without
minimum bids or reserve prices.
"We had great success with the Timed Auction system for our
retirement auctions through the spring and summer," said
Jordan Clarke, Sales Director,
Ritchie Bros. "With this special
regional event we are collecting smaller selections of items from
owners all over Western Canada
into one virtual event to drive unprecedented buyer demand. As
always, items will be sold to the highest bidder, regardless of
price."
For a complete list of equipment available in the November 4 Western Canada Timed Auction event,
please visit rbauction.com. For more information about
participating in Timed Auctions, visit
rbauction.com/timedauctions.
About Ritchie Bros.:
Established in 1958, Ritchie
Bros. (NYSE and TSX: RBA) is a global asset management and
disposition company, offering customers end-to-end solutions for
buying and selling used heavy equipment, trucks and other assets.
Operating in a number of sectors, including construction,
transportation, agriculture, energy, oil and gas, mining, and
forestry, the company's selling channels include: Ritchie Bros. Auctioneers, the world's
largest industrial auctioneer offers live auction events with
online bidding; IronPlanet, an online marketplace with featured
weekly auctions and providing the exclusive IronClad
Assurance® equipment condition certification; Marketplace-E, a
controlled marketplace offering multiple price and timing options;
Mascus, a leading European online equipment listing service;
and Ritchie Bros. Private Treaty,
offering privately negotiated sales. The company's suite of
multichannel sales solutions also includes Ritchie Bros. Asset Solutions, a complete
end-to-end asset management and disposition system. Ritchie Bros. also offers sector-specific
solutions including GovPlanet, TruckPlanet, and Kruse
Energy, plus equipment financing and leasing through
Ritchie Bros.
Financial Services. For more information about Ritchie Bros., visit RitchieBros.com.
Photos and video for embedding in media stories are
available at rbauction.com/media.
SOURCE Ritchie Bros.