Ritchie makes $50m+ at auction 

Ritchie Bros has confirmed it sold 3,800+ equipment items and generated more than $50 million at an online auction in the Rocky Mountain region.
Auctions, Used Equipment, Rental & Finance / December 13, 2021
By Ben Spencer
Ritchie Bros auction Rocky Mountain caterpillar Metso Frontier Services Colorado Texas Utah
Ritchie confirms big sellers at the auction include Caterpillar and Metso (© Flavijus | Dreamstime.com)

Big sellers included a 2015 Caterpillar 627K motor scraper ($500,000), a 2018 Metso LT120 34" x 48" crawler jaw crusher ($485,000) and a 2018 Caterpillar D6T XWVP crawler tractor ($395,000). 

Ritchie says approximately 96% of the equipment in the auction was sold to US buyers, including 15% sold to Colorado, 10% to Texas, and 8% to Utah. 

The remaining 4% was purchased by international buyers from as far away as Malaysia, Colombia and Ecuador, the company adds. 

Chad Apland, regional sales manager at Ritchie Bros, says: "Our regional auctions continue to attract quality equipment from an expansive region, drawing record attendance, driving strong equipment and truck prices, and exceeding customer expectations. We would like to thank all the customers who participated in our Rocky Mountain events this year—thank you for your continued trust. If you have surplus equipment to sell, contact us today!"

According to Ritchie, more than 550 equipment owners consigned equipment to the event, including a complete dispersal of 500+ items for Frontier Services.

Reid Lawson, vice president of Frontier Services, says: "The auction turned out great thanks to Ritchie Bros.' ability to reach such a wide range of buyers with their marketing. They are such a professional organisation, with an amazing team. Now that we've sold our entire fleet through Ritchie Bros. we can return to our roots in agriculture and will likely be back visiting Ritchie Bros. for some different equipment in the future."

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