3,700+ equipment items sold from five locations for US$50+
million in gross transaction value
CHEHALIS, Wash., Dec. 27, 2022 /PRNewswire/ - Last week,
Ritchie Bros. conducted its largest
auction ever in the Pacific Northwest, selling 3,700+ items from
five locations in one online auction and generating US$50+ million
in gross transaction value.
The December 21, 2022, event
attracted 8,200+ bidders from 40+ countries, with approximately 95%
of the equipment purchased by U.S. buyers, including 33% sold to
Washington buyers, 22% to
Oregon, and 8% to California. The remaining 5% of the equipment
was sold to international buyers from as far away as Vietnam, Saudi
Arabia, and the
Netherlands.
"Our regional auction events continue to grow thanks to the
success of our satellite yard program, which provide our sellers
more locations to store and display equipment for potential
buyers," said Griffin Squires,
Regional Sales Manager, Ritchie
Bros. "With equipment at physical sites, customers can
inspect, compare, and test items prior to bidding online. That
ability to 'kick the tires' in person combined with our robust
online platform provides convenience for buyers and access to a
large global buyer base for sellers."
Approximately 88% of the assets in the Pacific Northwest auction
were sold from Ritchie Bros.'
permanent site in Chehalis, WA,
while the remaining 12% was sold from yards in Spokane, WA; Billings, MT; Lake
Point, UT; and Wasilla,
AK.
Mr. Squires continued, "Many of our consignors benefitted by
dropping their equipment off at one of our sites early so we had
plenty of time to market their assets to buyers around the world.
The more time we have, the more eyes we can get on your equipment.
If you have assets to sell, we have a multitude of solutions to
meet your needs—contact us today!"
Equipment highlights in the Pacific Northwest event included
180+ excavators, 175+ truck tractors, 70+ aerial work platforms,
45+ wheel loaders, 35+ dozers, and more. All equipment was sold
without minimum bids or reserve prices.
Five Big Sellers from the Pacific Northwest
- 2008 Liebherr LTM11130-5.1 143-ton 10x10x6 all-terrain crane –
US$400,000
- 2019 John Deere 950K LGP dozer –
US$390,000
- 2017 Komatsu PC800LC-8EO VG hydraulic excavator – US$390,000
- 2020 Komatsu HM400-5 articulated dump truck – US$340,000
- 2017 KPI-JCI FT2650 jaw crushing plant – US$305,000
AUCTION QUICK FACTS: PACIFIC NORTHWEST (DECEMBER 2022)
- Gross transaction value: US$50+ million
- Number of items sold: 3,700+
- Number of consignors: 500+
- Number of bidders: 8,200+
Ritchie Bros. currently has
30,000+ items listed to be sold in its upcoming auctions and online
marketplaces. For a complete list of events, visit
rbauction.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,
mining, and forestry, the company's selling channels include:
Ritchie Bros. Auctioneers, the
world's largest industrial auctioneer offering live auction events
with online bidding; IronPlanet, an online marketplace with weekly
featured auctions and providing the exclusive IronClad
Assurance® equipment condition certification;
Marketplace-E, a controlled marketplace offering multiple price and
timing options; Ritchie List, a
self-serve listing service for North
America; Mascus, a leading European online equipment
listing service; Ritchie Bros.
Private Treaty, offering privately negotiated sales; and
sector-specific solutions GovPlanet, TruckPlanet, and Ritchie Bros. Energy. 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; SmartEquip, an
innovative technology platform that supports customers' management
of the equipment lifecycle and integrates parts procurement with
both OEMs and dealers; 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.