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Ritchie Bros. Auctioneers

It's amazing what can happen when companies come together to raise money for a great cause. To celebrate 10 years of Discovery's Gold Rush television show, Volvo designed a special edition EC200E excavator, which was sold at Ritchie Bros.' premier global auction in Orlando, Fla., to an online buyer from Belgium for $290,000.

Ritchie Bros. held its first auction in Mexico 25 years ago, selling equipment used for the construction of the Zimapán Dam. Since then, the company has sold assets for thousands of Mexican companies at various auctions across the country. Today, Ritchie Bros.

Ritchie Bros. has started the year strong in Texas, selling over 5,850 equipment items for more than $61 million in Houston —up approximately 35 percent from the same auction in 2019. More than 8,850 people from 71 countries registered to bid in the Houston auction — February 11 to 12 — including more than 6,950 registering to participate online.

Sunbelt Rentals has an extensive equipment fleet that exceeds $10 billion across its more than 900 rental locations. Managing and disposing assets from a fleet of this size is not easy work, so Sunbelt turned to Ritchie Bros. and its RB Asset Solutions technology to help it better manage, analyze and redeploy its assets.

Ritchie Bros. announced the release of an enhanced Market Trends application. This independent tool, with increased capabilities, is now available to all Ritchie Bros. customers for purchase. The Market Trends application allows customers to understand the strength of an asset class through in-depth analysis of quarterly Ritchie Bros.

Ritchie Bros. sees more used equipment than almost anyone, with more than 500,000 assets sold in 2019 alone. The company is considered an industry expert when it comes to equipment pricing and valuation — in fact, Ritchie Bros. data is almost always listed as a source of values for any appraisal in the industry — so the launch of its own Appraisal Services offering seems like a natural next step.

Consignments are steadily rolling in and traffic to the Ritchie Bros. website is building rapidly in anticipation of the company's annual auction. Bidders from 105 countries have already completed nearly 300,000 searches for equipment selling in Orlando, while overall traffic to Ritchie Bros.' Orlando web pages is up 48 percent year over year.

On Feb. 11 – 13, Ritchie Bros. will be exhibiting at the huge World Ag Expo in Tulare, Calif., Booth P31—meeting with customers and talking about its solutions. On Feb. 14, the company gets to put on its own show, at its auction site in Tipton, Calif., just 10 minutes from the International Agri-Center.

Every three years, tens of thousands of contractors from around the world descend upon Las Vegas for ConExpo-Con/AGG, making it the perfect time for an equipment auction. On March 12 to 13, 2020 — during the week of ConExpo — Ritchie Bros.

(L-R): Allen Patterson, regional business manager; Kresten Binder, executive vice president, North America; and Barry Ferrell, regional business manager of Hydrema, offer a line of side and articulated dumps in sizes that are hard to find. The Associated Equipment Distributors (AED) kicked off 2020 with its annual Summit, held in Chicago Jan.

More than 4,550 bidders participated online and in person at Ritchie Bros.' multi-million-dollar unreserved public equipment auction in Minneapolis, Minn., on Dec. 19, 2019. With bidders from 48 countries, approximately 54 percent of the equipment in the auction was sold to out-of-state buyers, from as far away as Mexico, Colombia and Vietnam.