Satellite yards enable our largest auction ever in the region
Last week, we conducted our largest auction ever in the Pacific Northwest, generating US$50+ million in gross transaction value. We sold 3,700+ equipment items and trucks from five locations – our permanent site in Chehalis, WA, plus yards in Spokane, WA; Billings, MT; Lake Point, UT; and Wasilla, AK – in one online auction.
The December 21, 2022, event attracted 8,200+ bidders from 40+ countries, with approximately 95% of the equipment purchased by U.S. buyers, including 33% sold to Washington buyers, 22% to Oregon, and 8% to California. The remaining 5% of the equipment was sold to international buyers from as far away as Vietnam, Saudi Arabia, and the Netherlands.
Regional auctions provide more convenience for sellers and buyers
“Our regional auction events continue to grow thanks to the success of our satellite yard program, which provide our sellers more locations to store and display equipment for potential buyers,” said Griffin Squires, Regional Sales Manager, Ritchie Bros. “With equipment at physical sites, customers can inspect, compare, and test items prior to bidding online. That ability to ‘kick the tires’ in person combined with our robust online platform provides convenience for buyers and access to a large global buyer base for sellers.”
Mr. Squires continued, “Many of our consignors benefitted by dropping their equipment off at one of our sites early so we had plenty of time to market their assets to buyers around the world. The more time we have, the more eyes we can get on your equipment.”
Big sellers from the Pacific Northwest event
Equipment highlights in the Pacific Northwest event included 180+ excavators, 175+ truck tractors, 70+ aerial work platforms, 45+ wheel loaders, 35+ dozers, and more.
All equipment was sold without minimum bids or reserve prices. Here are the top 3 sellers:
2008 Liebherr LTM11130-5.1 143-ton 10x10x6 all-terrain crane – US$400,000
2019 John Deere 950K LGP dozer – US$390,000
2017 Komatsu PC800LC-8EO VG hydraulic excavator – US$390,000
Other big West Coast auctions round out the year
Besides our Pacific Northwest auction, we conducted several other successful auctions on the West Coast, including our Tipton, CA auction on November 18 where we sold 1,615 items for US$17.3 million; our Sacramento, CA auction December 13-14 where we sold 2600+ items for US$34.4 million; and our Los Angeles, CA auction which saw 2,990 items sell for US$42.7 million
Interested in selling at an upcoming event? See our auction calendar and contact us today!
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