US$44+ million of equipment sold in Ritchie Bros.’ Las Vegas, NV auction

US$44+ million of equipment sold in Ritchie Bros.’ Las Vegas, NV auction

Last week in Vegas Ritchie Bros. sold more than 2,750 equipment items and trucks for US$44+ million, with approximately 61% of purchases made by online buyers.

More than 6,800 people from 55 countries registered to bid in the two-day Las Vegas sale (March 12 – 13, 2020)—setting a new Las Vegas site record—this included 5,800+ online bidders. Approximately 86% of the equipment was purchased by buyers outside the state of Nevada, including international buyers from as far away as Japan, Peru, and the United Kingdom.

“With CONEXPO/CON-AGG running concurrently with our auction we expected to see a large percentage of online buyers and were happy to see 24% of online purchases were made through our mobile application,” said Bill Walton Jr., Vice President – Sales, Ritchie Bros. “Our Las Vegas auctions held during CONEXPO are always fantastic and this year did not disappoint, with our biggest crowd ever, a great lineup of gear, and solid prices.”

Equipment highlights in Ritchie Bros.’ Las Vegas auction included 225+ truck tractors, 135+ excavators, 100+ loaders, 70+ skid steers, 50+ loader backhoes, 85+ aerial work platforms, and more. Specific sales highlights included a 2008 Caterpillar D10T dozer that sold for US$365,000; a 2017 Caterpillar 982M wheel loader that sold for US$215,000; and an unused 2020 Kenworth T880 mixer truck that sold for US$187,500—all proceeds from the sale of the Kenworth mixer truck are being donated to St. Jude Children’s Research Hospital, Wounded Warrior Project, Make-A-Wish Foundation, and the Ronald McDonald House in Rochester, MN.

AUCTION QUICK FACTS: LAS VEGAS, NV (March 2020)

  • Total gross transactional value – US$44+ million
  • Amount sold to online bidders – US$27+ million
  • Total registered bidders (in person and online) – 6,800+
  • Registered online bidders – 5,800+
  • Total lots sold – 2,750+
  • Number of sellers – 495+

Ritchie Bros. currently has more than 70,000 equipment items, trucks, and other assets listed for sale through its auctions and marketplaces. For a complete list of upcoming auctions and equipment available, visit rbauction.com and ironplanet.com.

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