Strong pricing trend continues in May
26 – 27 auction, attracting 11,600+ bidders from 59
countries
DENVER, Colo., June 1, 2021 /PRNewswire/ - Ritchie Bros.'
regional auctions keep rolling, with 800+ companies selling in the
May Rocky Mountain event. More than 4,850 equipment items and
trucks were sold in the May 26 – 27
auction for US$54+ million, matching the record-breaking
US$54 million Rocky Mountain auction
held in March 2021.
"Consignors are taking advantage of the strong market pricing
Ritchie Bros. is achieving in 2021," said Matt Johnson, Director, US West, Ritchie Bros.
"After our massive March Rocky Mountain sale, we saw a wave of
consignments. Through two Rocky Mountain events in 2021 we've sold
more than 9,000 items for US$108+ million, attracting 1.8 million
online pageviews. Our hybrid onsite-online regional auctions
provide access to unbelievable selection for buyers, while getting
sellers more eyes on their equipment to drive higher price
realization."
Equipment for the Rocky Mountain regional auction was stored at
Ritchie Bros. locations in Denver,
CO; Salt Lake City, UT; and
Williston, ND. Highlights included
240+ truck tractors, 95+ excavators, 80+ loaders, 70+ skid steers,
60+ aerial work platforms, and 30+ crawler tractors. All items were
sold without minimum bids or reserve prices.
Approximately 88% of the equipment in the auction was sold to
U.S. buyers, including 16% sold to buyers in Colorado, 9% to buyers in Utah, and 5% to buyers in North Dakota. The remaining 12% of the
equipment was sold to international buyers from as far away as
Peru, Egypt, and the
Netherlands.
Five Big Sellers:
- 2012 Caterpillar D8T crawler tractor – US$315,000
- 2020 Caterpillar 330 hydraulic excavator – US$287,500
- 2014 Kenworth T800 tri-drive hydro vac truck – US$257,500
- 2018 Caterpillar 938M wheel
loader – US$180,000
- 2019 Kenworth T370 S/A mechanics truck – US$160,000
AUCTION QUICK FACTS: ROCKY MOUNTAIN REGIONAL AUCTION
(MAY 2021)
- Gross Transaction Value (GTV): US$54+ million
- Total Registered Bidders: 11,600+
- Total Number of Lots: 4,850+
- Total Number of Consignors: 800+
Ritchie Bros. will sell more than 50,000 equipment items and
trucks in its upcoming auctions, including a Phoenix, AZ auction on June 4; Timed Auction events in Sacramento (June
9) and Las Vegas
(June 11); and a two-day Houston auction on June
15 – 16. 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.