5,000+ items sold from six locations attracted 11,100+ online
bidders from 70+ countries
CHICAGO, April 2, 2021 /CNW/ - Ritchie Bros.' regional auction success
continued this week with a US$52+ million U.S. Midwest event on
March 30 – 31, 2021. More than 5,000
equipment items were stored, inspected, and sold from six
Ritchie Bros. locations in five
states—including Chicago, IL;
Minneapolis, MN; Kansas City, MO; East St. Louis, MO; Omaha, NE; and Williston, ND—to online buyers
across the U.S. and around the world.
More than 11,100 online bidders from 70+ countries registered to
bid in the U.S. Midwest auction, with U.S. buyers purchasing
approximately 90 percent of the equipment, by dollar value. The
remaining 10 percent was purchased by online buyers from as far
away as Germany, Guatemala, India, and South
Korea.
"We continue to attract record bidder registrations—up 26%
compared to the previous event in September—resulting in strong
returns for the more than 700 consignors in this auction," said
Tim Keane, Regional Sales Manager,
Ritchie Bros. "Leading up to the
sale, our yards were busy with customers inspecting items and
asking questions of our equipment experts, but on auction day
everyone was online. We saw a 19% increase in online pageviews and
a 12% increase in items added to customer watchlists, demonstrating
the power of our hybrid live/online model for both buyers and
sellers."
Equipment highlights in the U.S. Midwest auction included a 2016
Caterpillar 745C articulated dump truck that sold for US$235,000 to an online buyer from Alberta, Canada; a 2006 Link-Belt HTC8675
75-ton 8x4x4 hydraulic truck crane sold for US$190,000 to an online buyer from Quebec, Canada; and a 2015 Caterpillar
982M wheel loader that sold for
US$175,000 to an online buyer from
Minnesota. All items were sold
without minimum bids or reserve prices.
AUCTION QUICK FACTS: MIDWEST REGIONAL (MARCH 2021)
- Gross Transaction Value (GTV): US$52+ million
- Total Registered Bidders: 11,100+
- Total Number of Lots: 5,000+
- Total Number of Consignors: 700+
Ritchie Bros. will sell more than
39,000 equipment items and trucks in its upcoming auctions,
including a Houston, TX auction on
April 13 - 14. The company also has
weekly featured online auctions at IronPlanet.com and a daily
reserved option with Marketplace-E.
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 solutions also includes
Ritchie Bros. Asset Solutions and
Rouse Services LLC, which together provides a complete end-to-end
asset management, data-driven intelligence and performance
benchmarking 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.
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SOURCE Ritchie Bros.