Auctions

Joey Martin Auctioneers' live auction in Carrollton, Ga., on May 13 enjoyed a nice turnout of onsite bidders with folks from many states in attendance. Two rings of auctioning were set up to ensure the bidders were socially distanced. Online bidding also was extremely robust.

The April 21 to 22, 2020 auction, in Houston, Tex., which was conducted with online-bidding only due to state gathering restrictions, attracted more than 8,600 registered bidders from 62 countries and resulted in more than $43M in sales. U.S. buyers purchased approximately 93 percent of the equipment, with the top three state buyers being Texas, Calif., and Fla., while international buyers from such countries as India, Italy, and Peru purchased seven percent of the equipment.

Ritchie Bros. Auctioneers Incorporated reported the following results for the three months ended March 31, 2020: Net income attributable to stockholders increased 26 percent to $22.8 million compared to $18.2 million in Q1 2019. Diluted earnings per share ("EPS") attributable to stockholders increased 24 percent to $0.21 per share in Q1 2020 compared to $0.17 per share in Q1 2019.

With billions of dollars of equipment transacting via its multiple global sales channels each year, Ritchie Bros. has the data and in-house expertise to provide unmatched insight into industry trends. Earlier this year, the company launched a Market Trends module within its Ritchie Bros.

As COVID-19 has resulted in the cancellation of many collector car auctions and events, Leake Auctions has a new opportunity for the collector car community and its clients: sell online. Leveraging the massive global audience of its parent company, Ritchie Bros.

To say the last few weeks have been a challenging time for people around the globe is a huge understatement. But we want you to know that no matter what, Ritchie Bros. is here to support you and your business through this crisis – whether you need to buy or sell– while doing everything we can to protect the health & safety of our customers and employees.

JM Wood held a big five-day auction from March 17 through March 21 at the company's Montgomery, Ala., headquarters facility. The auction was live all five days and pre-inspections were available before any piece went on the auction block. However, with the coronavirus pandemic, JM Wood encouraged customers to bid online, and many safeguards were in place and obvious to the attendees at the sale site to ensure safety for all.

Yoder & Frey continues to attract leading industry stalwarts from the U.S. heavy machinery auction world, with Bryan Smith the latest to join the growing team. Assuming the role of account manager, Smith will concentrate on Pennsylvania and surrounding north east states, bringing with him a wealth of industry experience.

bidadoo holds the final Q1 online auction on March 31 -- with online interest up 50 percent and a volume increase of 80 percent over last year. With construction and equipment activity impacted due to the current health crisis, bidadoo brings the auction to you, both buyers and sellers, without the need for travel or transport.

Ritchie Bros. continues to attract record numbers of bidders in 2020, with its latest auction in Fort Worth, Texas registering 9,150+ bidders from 65 countries. More than $72 million of equipment items and trucks were sold at the auction, held from March 10 to 11.

Fresh off a successful four-day auction in Kissimmee, Fla., Jeff Martin Auctioneers held its first 2020 auction at its Brooklyn, Miss., facility on March 6 and 7. An outstanding crowd of on-site registered bidders, as well as online internet bidders during both days were vying for a high-quality lineup of pre-owned yellow iron, aerials, mini/compact machines, backhoe loaders, road building machines, heavy duty trucks and trailers and more.