Sacramento conducts largest U.S. Timed Auction ever

Auction Results Comments

Sacramento aerial

2,800+ items sold via Timed Auction for US$29+ million

More people are shopping online than ever before—it's the new norm. Time is money and we want to make buying and selling equipment and trucks as easy, efficient, and secure as possible, with a multitude of innovative selling solutions and formats to meet the needs of our customers.

Last week we sold more than 2,800 items for US$29+ million in our largest-ever automated online Timed Auction event in Sacramento, CA. With the Timed Auction format, buyers place a maximum bid online and the system bids for them up to that amount with regular automated feedback if they are outbid—it saves time for buyers and drives strong returns for sellers.

"We introduced Timed Auctions to help us sell attachments and smaller items more efficiently, but over the years we have optimized it to transact items of all sizes and get big returns for our sellers," said Brian Hamre, Regional Sales Manager, Ritchie Bros.

"Our Sacramento event last week attracted an average of 37 bids per lot, showcasing the strong buyer demand in the market today. If you have surplus equipment, now is a great time to sell and we have a solution for every situation."

The record-breaking Sacramento Timed Auction event, held March 30, attracted more than 8,250+ bidders from 40+ countries, which is a 25% increase year over year. Approximately 97% of the equipment in the auction was sold to U.S. buyers, including 63% sold to Californians, while the remaining 3% was sold to international buyers from as far away as Guatemala, India, and Australia.

"We are continuously reviewing and updating our technology to ensure we meet the evolving needs of our customers and the industries in which we operate," said Baron Concors, Chief Information Officer, Ritchie Bros.

"We are continuously reviewing and updating our technology to ensure we meet the evolving needs of our customers and the industries in which we operate," said Baron Concors, Chief Information Officer, Ritchie Bros.

Five big sellers from Sacramento

2014 Caterpillar 740B articulated dump truck – US$257,500

Ritchie Bros. sells articulated dump trucks

2005 Kenworth T800 w/ Manitex 28102S 28-ton straight boom truck – US$202,500

Ritchie Bros. sells boom trucks

2018 Caterpillar 323 hydraulic excavator – US$185,000

Ritchie Bros. sells excavators

2016 Kenworth T800 6x4 twin-axle truck tractor – US$177,500

Ritchie Bros. sells truck tractors

2018 Peterbilt 367 8x4 tri-axle dump truck – US$157,500

Ritchie Bros. sells dump trucks

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