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August 4 – 5 online auction attracted 9,900+ bidders from 62 countries for 3,900+ items sold

DENVER , Aug. 11, 2021 /CNW/ - Ritchie Bros. regional online auctions continue to deliver stellar results for its consignors. Last week the company sold 3,900+ items from its sites in Denver, CO ; Salt Lake City, UT ; and Williston, ND in one combined online Rocky Mountain event generating US$40 million in gross transaction value.

More than 9,900 people from 62 countries registered for the August 4 – 5, 2021 unreserved auction. Approximately 91% of the assets sold to U.S. buyers, including 23% sold to Colorado , 10% to Utah , and 2% to North Dakota . The remaining nine percent was sold to international buyers from as far away as Australia , Israel , and Vietnam .

"We had a lot of happy customers after this auction with sellers getting great prices and buyers filling out their fleets for summer and fall work," said Chad Apland , Regional Sales Manager, Ritchie Bros . "Thank you to all our customers for continuing to put your trust in Ritchie Bros . For those unable to get what they wanted this week we have a ton of upcoming buying opportunities, including weekly featured online auctions at IronPlanet and Marketplace-E."

Five Big Sellers:

• 2001 Manitowoc 2250 300-ton self-erecting crawler crane – US$475,000
• 2016 Tesmec TRS1075 crawler bucket wheel trencher – US$275,000
• 2012 Caterpillar D8T crawler tractor – US$225,000
• 2014 Peterbilt 367 tri-drive hydro vac truck – US$200,000
• 2018 Dragon 9500-gallon tri-axle lead tank trailer – US$130,000

AUCTION QUICK FACTS: ROCKY MOUNTAIN REGIONAL ( AUGUST 2021 )

• Gross Transaction Value (GTV): US$40+ million
• Total Registered Bidders: 9,900+
• Total Number of Lots: 3,900+
• Total Number of Consignors: 600+

Ritchie Bros . will sell more than 35,000 equipment items and trucks in its upcoming events, including a Houston, TX auction on August 24 – 26 ; an Orlando, FL auction on September 2 – 3 ; and a Southeast Regional auction on September 9 - 10 . 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 .

View original content: https://www.prnewswire.com/news-releases/ritchie-bros-hits-us40-million-with-rocky-mountain-regional-auction-301353027.html

SOURCE Ritchie Bros .

View original content: http://www.newswire.ca/en/releases/archive/August2021/11/c8732.html