US$81+ million of equipment and trucks sold between the Great
Lakes and Northeast regional events
NORTH EAST, Md., Dec. 18, 2020 /PRNewswire/ - This week
Ritchie Bros. sold close to 20,000
items through 11 auctions, including a US$40
million Great Lakes Regional auction and a US$41 million Northeast Regional event. All
assets were sold 100% online due to COVID-19.
On December 15 – 16, Ritchie Bros. combined 4,000+ equipment items
from its Columbus, OH and
Chicago, IL auction sites into a
Great Lakes auction that attracted 10,500+ bidders from 59
countries. Approximately 91 percent of the items in the auction
were sold to U.S. buyers, including 34 percent purchased by buyers
from Ohio and Illinois. The remaining nine percent was sold
to international buyers as far away as Australia, India, and Korea.
"By pooling together equipment and buyers from multiple sites we
have been able to build larger events in 2020, attracting more
equipment and more bidders, and delivering better results for our
sellers," said Jeff Gillmer, Vice
President, Sales, Ritchie Bros.
"With these last few auctions, bidder registrations levels were
outstanding as buyers look to get the last few items on their
'holiday wish lists' for big projects in 2021. We would like to
offer a huge thank you to all our buyers and sellers this
year—thank you for putting your trust in Ritchie Bros. to provide certainty in uncertain
times."
On December 16 – 17, the company
held a Northeast Regional event with 4,750+ equipment items from
North East, MD; North Franklin, CT; and Pittsburgh, PA. The two-day unreserved auction
attracted 9,150+ bidders from 60 countries. Approximately 90
percent of the equipment was purchased by U.S. buyers, while
international buyers picked up the remaining 10 percent. Specific
highlights in this auction included a 2019 Tigercat 845E
crawler feller buncher that sold for US$340,000 and a 2013 Link-Belt HTC86100 100-ton
8x4x4 hydraulic truck crane that sold for US$335,000.
"Consignors rely on our ability to drive global demand for their
assets because it's paramount to the success of their businesses,"
added Mr. Gillmer. "In 2020 we have gone all online, introduced
numerous customer-focused innovations, and taken buyer demand to
new levels. Onsite or online, you can count on Ritchie Bros."
With both auctions 100% online, traffic to Ritchie Bros. websites was impressive. The Great
Lakes webpage received 663,000+ unique pageviews, with 60,000+
additions to customer equipment watchlists, and 16,000+
PriorityBids. The Northeast webpage saw 599,000+ unique pageviews,
with 50,000+ watchlist adds, and 13,000+ PriorityBids.
For more information about Ritchie
Bros., including upcoming auctions, detailed equipment info,
and more, visit RitchieBros.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.