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Ritchie Bros. Sells $27MM+ of Equipment at Its Largest Tipton, CA, Auction

February 18, 2020, 07:05 AM
Filed Under: Auction News

Ritchie Bros. conducted its largest Tipton, CA, auction ever, selling more than 2,600 equipment items and trucks for more than $27 million. The auction set site records for gross transaction value, number of lots and bidders.

A record 5,850 people from 43 countries registered to bid in the unreserved public auction, including 4,350 people registering to bid online. U.S. buyers purchased approximately 95 percent of the equipment, with the top three state buyers being California, Texas and Ohio, while international buyers from such countries as Thailand, Ukraine and the United Kingdom purchased 5 percent of the equipment. Online buyers purchased 53 percent of the assets.  

"We had an excellent selection of equipment and a record number of bidders, resulting in our largest sale ever in Tipton," said Chad Apland, Regional Sales Manager, Ritchie Bros. "Having our sale directly after World Ag Expo offers great value for both buyers and sellers. At the same time, for those unable to attend our event in person, our online bidding and mobile app provide the ultimate convenience, as witnessed by more than half the equipment selling online."

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