Information is moving fast and so is Ritchie Bros. With concerns about large gatherings growing around the world due to the COVID-19 pandemic, many trade shows and events have been cancelled. Thanks to its industry-leading online bidding system and mobile application, Ritchie Bros. will continue to conduct regular onsite auctions, with minor, temporary changes to the process and procedure of those events. First and foremost, Ritchie Bros. will follow all local legislation on
On December 12, Ritchie Bros. will hold its largest-ever auction in Phoenix, AZ, selling 3,200+ equipment items and trucks for 400+ owners. Every single item in this unreserved auction will be sold to the highest bidders, regardless of price—no minimum bids or reserve prices. "December is usually a busy month as contractors look to get surplus equipment off their books, while others want to upgrade their fleets for a bargain," said Rob Giroux, Senior Vice President (US West).
Last week, Ritchie Bros., the global asset management and disposition company, held the pipeline construction event of the year in Columbus, OH, selling more than 5,000 items for US$93+ million over two days. The big highlight of the event: 138 pipelayers sold for US$45+ million in just two hours! The June 27 – 28 Columbus auction attracted 5,000+ bidders from 56 countries, including 4,000+ online bidders. U.S. buyers purchased approximately 80 percent of the equipment in the