Ritchie Bros.’ IronPlanet marketplace experiencing busiest summer ever

Auction Results Comments

Ritchie Bros.’ IronPlanet marketplace experiencing busiest summer ever

In the first half of 2020, we attracted 73 million visits to our various web platforms, so it comes as no surprise that we sold more than US$1 billion of equipment through our online marketplaces over the past year (August 2019 – July 2020). In fact, our IronPlanet solution just had its busiest July ever, selling 8,700 items for more than US$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.”

Ms. Fandozzi continued, “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.

308,000 items sold to buyers from 140 different countries

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.

Top 5 farming equipment

Top 5 farming equipment

Top 5 farming equipment

Top 5 farming equipment

Top 5 farming equipment

2020 IronPlanet sales highlights (IronPlanet auctions are held every Thursday)

  • A 2010 Caterpillar D10 dozer sold from Australia for US$346,000+
  • A 2017 Soilmex SR30.23 EVO crawler-mounted piling drill rig from Australia sold for US$315,000+
  • A John Deere 859M track feller buncher from Washington, USA sold for US$315,000

2020 Marketplace-E sales highlights (24/7 reserved marketplace for specialized assets):

  • A Rheinwerft self-propelled seagoing barge w/ a 2014 Sennebogen 7700 crawler crane located in Germany sold for US$2.83 million
  • A 2012 Caterpillar 6040 front shovel from the Netherlands sold for US$2.82 million
  • A 120-acre industrial property in California, USA sold for US$1.88 million

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

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