Ritchie Bros. sold more than $40 million of equipment and trucks at a record-breaking auction in Denver, Colo., June 11 to 12.
Ritchie Bros. sold more than $40 million of equipment and trucks at a record-breaking auction in Denver, Colo., June 11 to 12. The two-day unreserved public auction set multiple site records, including total sales, online sales ($17 plus million), total number of buyers (1,000 plus), number of online buyers (480 plus), number of sellers (410 plus) and number of lots sold (2,400 plus). Bids were made in person, online at rbauction.com and by proxy.
“This was our largest sale ever, attracting more than 3,800 bidders from 48 U.S. states and 49 other countries,” said Casey Fencl, regional sales manager, Ritchie Bros. Auctioneers. “Local contractors who held onto equipment over the last few years are now starting to feel more optimistic due to an increase in residential and commercial construction. Many local customers are choosing to sell and upgrade their fleets, which resulted in a record-setting amount of equipment in this auction. We also received consignments from local dealerships upgrading their rental fleets. We noticed particularly strong pricing on construction and transportation equipment in the auction last week.”
Buyers from outside of Colorado purchased $27 plus million (69 percent) of equipment and trucks. Equipment sold to buyers from as far away as Egypt, Costa Rica, Japan and New Zealand.
The auction included 125 plus items for Trinidad, Colorado-based Purgatoire Valley Construction Inc. The family-run company has been in operation for more than 20 years and works on a wide variety of projects, including street construction, sewer and water infrastructure, pipeline construction, gas and oilfield infrastructure and more.
“We sold everything from dozers, excavators and scrapers to pickup trucks, hiboy trailers and more as part of a realignment of our fleet,” said Dean Moltrer, vice president of Purgatoire Valley Construction. “We’ve worked with Ritchie Bros. for many years, both buying and selling. They always put their customers first and make sure we are taken care of and well represented.”
The Ritchie Bros. auction calendar at rbauction.com currently features more than 90 unreserved public auctions around the world, including the Company’s next auction in Denver, Colo., on Aug. 6.