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Ritchie Bros. recently held regional auctions in the United States and Canada, setting new regional records by selling more than $65 million of equipment in its U.S. Rocky Mountain event and more than $27 million sold in the Canadian regional event in British Columbia.

“Consignors love these big events because they attract more bidders and the increased competition results in more money in their pockets at the end of the auction,” Chad Apland, regional sales manager for Denver at Ritchie Bros., said. “Our Rocky Mountain event last week featured more than 5,700 items from more than 800 consignors stored across eight locations, with all items selling to online bidders around the world. Low-hour construction equipment was in especially high demand, resulting in some phenomenal prices, including a 2011 Cat 988H wheel loader that sold for $515,000!”

Rocky Mountain event was held from May 25 to 26 and attracted more than 11,000 bidders from 54 countries, with approximately 94% of the equipment sold to buyers from the United States, including 20% sold to buyers from Colorado, 11% to buyers from Utah and 7% to buyers from Texas. The remaining 6% was sold to international buyers from countries such as Honduras, India and Taiwan.

Meanwhile, up north, Ritchie Bros. solid more than 2,100 items for approximately 500 consignors in its British Columbia regional event, with equipment stored at three locations across the province. The auction was held from May 24 to May 25 and was Ritchie Bros.’ biggest ever in the region in terms of gross transaction value. The auction attracted more than 6,500 bidders from 34 countries.

“Our Chilliwack yard usually fills up quick, so it’s great that we could add hundreds of additional items from elsewhere in BC and store them at yards in Prince George and Kamloops,” Pat Elliott, regional sales manager for Chilliwack, BC, at Ritchie Bros., said. “We built the auction around a great package of forestry equipment and achieved excellent results on the late-model gear. Good quality, low-hour equipment continues to bring big money, so I encourage interested sellers to contact us to take advantage today.”

Approximately 94% of the equipment sold in the British Columbia regional event was sold to Canadians, including 71% sold to buyers from British Columbia. The remaining 6% was sold to international buyers from countries such as Guatemala, Egypt and Thailand.

Top Sellers – Rocky Mountain Regional Event

Top 5 Sellers – British Columbia Regional Event

Ritchie Bros. has more than 50,000 equipment items and trucks set to be sold in its upcoming auctions and online events, including auctions in Phoenix, Saskatoon, SK, and Grand Prairie, TX.

Terry Mulreany Subscriptions: 800 708 9373 x130 terry.mulreany@monitordaily.com Susie Angelucci Advertising: 484.459.3016 susie.angelucci@monitordaily.com

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