Three-day auction attracts record 7,400+ people from 57
countries; 69% of assets sold online
TORONTO, March 9, 2020 /PRNewswire/ - Last week Ritchie
Bros. conducted its largest Toronto,
ON auction ever, selling more than 3,800 equipment items and
trucks for CA$47+ million (US$35+ million).
The three-day auction held March 3
– 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 percent of the equipment in
the auction was sold to Canadian buyers, including 71 percent sold
to buyers from Ontario, while
international buyers from countries such as Sweden, Vietnam, and the United Arab Emirates purchased 11 percent.
Online buyers in the auction purchased 69 percent 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. Specific
highlights included a 2016 Caterpillar 336FL hydraulic excavator
that sold for CA$260,000 and two 2018 Kenworth T880 tri-axle dump
trucks sold for a combined CA$365,000.
AUCTION QUICK FACTS: TORONTO,
ON (March 2020)
- Total gross transactional value – CA$47+ million (US$35+
million)
- Amount sold to online bidders – CA$33+ million (US$24+
million)
- Total registered bidders (in person and online) –
7,400+
- Registered online bidders – 5,650+
- Total lots sold – 3,800+
- Number of sellers – 660+
Ritchie Bros. currently has more than 70,000 equipment items,
trucks, and other assets listed for sale through its auctions and
marketplaces. For a complete list of upcoming auctions and
equipment available, visit rbauction.com and
ironplanet.com
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.
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SOURCE Ritchie Bros.