Auction company 

Ritchie Bros. returns to Rocky Mountain region with over $ 50 million US auction


Over 3,800 items sold from seven locations on 1st December – 2, attracting over 11,000 bidders from 56 countries

DENVER, December 6, 2021 / PRNewswire / – The Ritchie Brothers. returned to the Rocky Mountain region last week to sell more than 3,800 pieces of equipment and trucks from seven different locations at an online event. The two-day auction attracted over 11,000 bidders and generated over $ 50 million in gross transaction value.

About 96% of the equipment in the 1st December – 2 auctions were sold to American buyers, of which 15% sold to Colorado, 10% to Texas, and 8% to Utah. The remaining 4% was purchased by international buyers as far as Malaysia, Colombia, and Ecuador. Prior to the auction, Online Equipment Views and PriorityBids per Lot both increased 19% year over year.

“Our regional auctions continue to attract quality equipment from a large region, attracting record footfall, driving up prices for equipment and trucks and exceeding customer expectations,” said Chad Aland, regional sales manager, The Ritchie Brothers. “We would like to thank all of the customers who attended our Rocky Mountain events this year — thank you for your continued trust. If you have any excess equipment for sale, contact us today!”

Over 550 equipment owners shipped equipment to the Rocky Mountain regional event, including a full scatter of more than 500 items for Frontier Services Inc., a midstream pipeline company based in Billing, MT.

“The auction turned out to be excellent thanks to The Ritchie Brothers. ‘ ability to reach such a wide range of buyers with their marketing, ”said Reid lawson, Vice-President of Frontier Services Inc. “It’s such a professional organization, with a great team. Now that we have sold our entire fleet through The Ritchie Brothers. we can go back to our farming roots and we will probably come back The Ritchie Brothers. for some different equipment in the future. “

Five Big Sellers of the Rocky Mountain Regional Event:

  • 2015 caterpillar 627K motor scraper – US $ 500,000
  • Metso LT120 34 “x 48” Crawler Jaw Crusher 2018 – US $ 485,000
  • 2018 Caterpillar D6T XWVP Track Tractor – US $ 395,000
  • 2019 caterpillar 982M wheel loader – $ 365,000
  • 2020 Kenworth T800 Three Axle Day Cab Heavy Haul Truck – $ 202,500

AUCTION BRIEF FACTS: ROCKY MOUNTAIN REGIONAL EVENT (DECEMBER 2021)

  • Gross Transaction Value (GTV): over US $ 50 million
  • Total registered bidders: over 11,000
  • Total number of lots: 3,800+
  • Total number of senders: 550+

The Ritchie Brothers. will sell over 60,000 items of equipment and trucks in its upcoming auctions and online marketplaces, including over 4,200 items sold in Fort Worth, Texas to December 7 – 9; Over 2,200 articles in one Phoenix, Arizona auction on December 8; and over 1,800 items sold in a timed auction in Sacramento, California to December 8.

The company also offers weekly online auctions on IronPlanet; an option booked daily with Marketplace-E; and a brand new equipment list service called Ritchie’s List, with more than 40,000 articles already listed.

On The Ritchie Brothers.:

Created in 1958, The Ritchie Brothers. (NYSE and TSX: RBA) is a global asset management and disposition company, providing its clients with end-to-end solutions for the purchase and sale of heavy equipment, trucks and other business assets. ‘opportunity. Operating in a number of industries including construction, transportation, agriculture, energy, mining and forestry, the company’s sales channels include: The Ritchie Brothers. Auctioneers, the world’s largest industrial auctioneer offering live auction events with online auctions; IronPlanet, an online marketplace offering weekly auctions and providing exclusive certification of the condition of IronClad Assurance® equipment; Marketplace-E, a controlled marketplace offering multiple pricing and timing options; Ritchie’s List, a self-service registration service for North America; Mascus, European leader in online equipment referencing; The Ritchie Brothers. Private treaty, offering privately negotiated sales; and industry solutions GovPlanet, TruckPlanet and Kruse Energy. The Company’s suite of solutions also includes The Ritchie Brothers. Asset Solutions and Rouse Services LLC, which together provide a comprehensive end-to-end asset management, data-driven intelligence and performance benchmarking system; SmartEquip, an innovative technology platform that supports customer management of the equipment lifecycle and integrates parts procurement with OEMs and dealers; as well as the financing and rental of equipment through The Ritchie Brothers. Financial services.For more information on The Ritchie Brothers., visit RitchieBros.com.

Photos and video for inclusion in media articles are available at rbauction.com/media.

THE SOURCE The Ritchie Brothers.


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