Rocky Mountain region hits US$54 million in back to back auctions

Auction Results Comments

equipment auctions

11,600+ bidders for 4,850+ items

Ritchie Bros. regional auctions keep rolling, with 800+ companies selling in our May Rocky Mountain event. More than 4,850 equipment items and trucks were sold in the May 26 – 27 auction for US$54+ million, matching the record-breaking US$54 million Rocky Mountain auction held in March 2021.

“Consignors are taking advantage of the strong market pricing Ritchie Bros. is achieving in 2021,” said Matt Johnson, Director, US West, Ritchie Bros. “After our massive March Rocky Mountain sale, we saw a wave of consignments. Through two Rocky Mountain events in 2021 we’ve sold more than 9,000 items for US$108+ million, attracting 1.8 million online pageviews.”

Equipment for the Rocky Mountain regional auction was stored at our sites in Denver, CO; Salt Lake City, UT; and Williston, ND. Highlights included 240+ truck tractors, 95+ excavators, 80+ loaders, 70+ skid steers, 60+ aerial work platforms, and 30+ crawler tractors. All items were sold without minimum bids or reserve prices.

“Our hybrid onsite-online regional auctions provide access to unbelievable selection for buyers, while getting sellers more eyes on their equipment to drive higher price realization,” added Matt.

Approximately 88% of the equipment in the auction was sold to U.S. buyers, including 16% sold to buyers in Colorado, 9% to buyers in Utah, and 5% to buyers in North Dakota. The remaining 12% of the equipment was sold to international buyers from as far away as Peru, Egypt, and the Netherlands.

Five Big Sellers in the Rocky Mountains

2012 Caterpillar D8T crawler tractor – US$315,000

dozers sold by auction

2020 Caterpillar 330 hydraulic excavator – US$287,500

excavators sold by auction

2014 Kenworth T800 tri-drive hydro vac truck – US$257,500

vac trucks sold by auction

2018 Caterpillar 938M wheel loader – US$180,000

loaders sold by auction

2019 Kenworth T370 S/A mechanics truck – US$160,000

mechanics trucks sold by auction

What’s your equipment worth?

With strong auction pricing right now, consignors are eager to find out how much their gear might be worth. Check out our FREE RB Asset Valuator tool to search your equipment. And then sign up for our monthly Market Trends reports to get regular updates on market pricing. Start using our data for your business today.

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