45 farm auctions in March & April attracted 101,000+ bidders
from around the world
SASKATOON, SK, May 10, 2022
/CNW/ - Each spring, Ritchie Bros.
helps dozens of farmers from Western
Canada retire and sell their equipment, farmland, and real
estate to interested buyers around the world. This year the company
conducted 45 farm auctions in March and April with its Timed
Auction technology, achieving outstanding results for
consignors.
"By attracting unprecedented demand, we have been able to
achieve record-breaking returns for equipment and farmland in
2022," said Jordan Clarke, Sales
Director, Ritchie Bros. "Earlier
this year, we sold a 155± acre home quarter in Torquay, SK for $1.33 million—setting a new highwater mark for
the region. Two months later, we sold 6,100± acres of farmland and
a home quarter in The Pas, MB for
a combined $12.9 million. Meanwhile,
equipment has also been achieving record high prices this
spring."
More than 5,000 agricultural items were sold through
Ritchie Bros. Timed Auctions this
spring, including 70+ combines, 60+ air drills, 50+ 4WD tractors,
and 120+ parcels of farmland. All items were sold without minimum
bids or reserve prices.
Spring farm sales
highlights:
- 2016 Case IH 620 QuadTrac tractor – CA$550,000 (Moose Jaw, SK on April
7) *Highest priced Case IH QuadTrac in company
history!
- 2016 John Deere 9570RX tractor – CA$520,000 (Vauxhall, AB on March
31)
- 2017 John Deere 9260RX tractor – CA$455,000 (Hudson Bay, SK on April
14)
- 2017 John Deere 9570R 4WD tractor – CA$425,000 (Hudson Bay, SK on April
14)
- 2017 John Deere R4045 120-ft high clearance sprayer –
CA$410,000 (Borden, SK on
April 8)
- 2014 Bourgault 3320PHD QDA 76-ft air drill – CA$405,000
(Hudson Bay, SK on April 14)
- 2017 Versatile 550DT track tractor – CA$405,000 (The Pas, MB on March
16)
- 2018 John Deere S780 combine – CA$400,000 (Swift Current, SK on March 24)
- 2017 Case IH 580 QuadTrac tractor – CA$395,000 (Hudson Bay, SK on April
14)
- 2016 Bourgault 3320XTC 66-ft air drill – CA$395,000
(Vauxhall, AB on March 31)
Consignor quotes:
- "From our initial meetings, we knew we had made the right
decision to sell with Ritchie
Bros.," said Frank Marlow,
who's family sold thousands of acres of farmland in The Pas, MB. "The whole process from auction
preparation to sale day was handled professionally. They put a
great deal of effort into advertising our farm and equipment. We
would encourage anyone to use Ritchie
Bros.—with their global reach, knowledge of the agriculture
industry, and great customer service, we highly recommend using
their auctions services."
- "Book your sale with Ritchie
Bros.—their reach is outstanding, and their professionalism
will always make you feel completely comfortable," said
Robin Cristo of Cristo Farms Ltd.,
which sold 70+ items at an April 12
auction in Assiniboia, SK on
April 12. "The crew that was here
were very professional—they all knew their job and did it
flawlessly."
- "Hats off the whole Ritchie
Bros. crew!" said Gary Wenc,
who sold 240+ items on April 8 for
Wenc Farms. "Thank you from the bottom of or hearts. The team
explained every detail of the auction process and were always quick
to get answer any of our questions."
About Ritchie Bros.
Established in 1958, Ritchie
Bros. (NYSE and TSX: RBA) is a global asset management and
disposition company, offering customers end-to-end solutions for
buying and selling used heavy equipment, trucks and other assets.
Operating in a number of sectors, including construction,
transportation, agriculture, energy, mining, and forestry, the
company's selling channels include: Ritchie
Bros. Auctioneers, the world's largest industrial
auctioneer offering live auction events with online bidding;
IronPlanet, an online marketplace with weekly featured auctions and
providing the exclusive IronClad Assurance® equipment condition
certification; Marketplace-E, a controlled marketplace offering
multiple price and timing options; Ritchie
List, a self-serve listing service for North America; Mascus, a leading
European online equipment listing service; Ritchie Bros. Private Treaty, offering privately
negotiated sales; and sector-specific solutions GovPlanet,
TruckPlanet, and Kruse Energy. The Company's suite of solutions
also includes Ritchie Bros. Asset
Solutions and Rouse Services LLC, which together provides a
complete end-to-end asset management, data-driven intelligence and
performance benchmarking system; SmartEquip, an innovative
technology platform that supports customers' management of the
equipment lifecycle and integrates parts procurement with both OEMs
and dealers; plus equipment financing and leasing through
Ritchie Bros. Financial Services.
For more information about Ritchie
Bros., visit RitchieBros.com.
Photos and video for embedding in media stories are
available at rbauction.com/media.
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SOURCE Ritchie Bros.