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Ritchie Bros.' IronPlanet Marketplace Experiencing Busiest Summer Ever

Wed August 12, 2020 - National Edition
Ritchie Bros. Auctioneers


In the first half of 2020, Ritchie Bros. attracted 73 million visits to its various web platforms, so it should come as no surprise that the company has sold more than $1 billion of equipment through its online marketplaces over the past year (August 2019 to July 2020).

In fact, Ritchie Bros.' IronPlanet solution just had its busiest July ever, selling 8,700 items for more than $58 million.

"The ease and comfort of buying and selling online has grown exponentially over the last several months," said Ann Fandozzi, chief executive officer, Ritchie Bros.

"Sellers need to reach buyers beyond their local market to maximize results and buyers are willing to go the extra mile in search of a deal.

"In an ever-increasing 'no touch world' we have adapted to make sure our customers can get the equipment they need safely and efficiently. We offer inspection reports backed by IronClad Assurance, tons of photos, service records and anything else a buyer may need to feel comfortable prior to bidding online."

In first half of 2020, Ritchie Bros. has sold more than 308,000 items across all its platforms. More than 6.1 million bids were placed on these items (approx. 19 bids per item), selling to buyers from 140 different countries.

2020 IronPlanet Sales Highlights
  • A 2010 Caterpillar D10 dozer sold from Australia for more than $346,000
  • A 2017 Soilmex SR30.23 EVO crawler-mounted piling drill rig from Australia sold for more than $315,000
  • A John Deere 859M track feller buncher from Washington sold for $315,000
2020 Marketplace-E sales Highlights
  • A Rheinwerft self-propelled seagoing barge w/ a 2014 Sennebogen 7700 crawler crane located in Germany sold for $2.83 million
  • A 2012 Caterpillar 6040 front shovel from the Netherlands sold for $2.82 million
  • A 120-acre industrial property in California sold for $1.88 million

There are currently more than 50,000 items available for purchase through Ritchie Bros. various marketplaces.

For more information, visit ironplanet.com and ironplanet.com/marketplace-e.




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