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Satellite yards enable Ritchie Bros.' largest auction ever in the Pacific Northwest
Satellite yards enable Ritchie Bros.' largest auction ever in the Pacific Northwest Can...
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[{"type":"text","content":"\n \n \n \n Satellite yards enable Ritchie Bros.' largest auction ever in the Pacific Northwest\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n 3,700+ equipment items sold from five locations for US$50+ million in gross transaction value\n \n \n \n CHEHALIS, Wash.\n \n ,\n \n Dec. 27, 2022\n \n /CNW/ - Last week,\n \n Ritchie Bros\n \n . conducted its largest auction ever in the Pacific Northwest, selling 3,700+ items from five locations in one online auction and generating US$50+ million in gross transaction value.\n \n \n The\n \n December 21, 2022\n \n , event attracted 8,200+ bidders from 40+ countries, with approximately 95% of the equipment purchased by U.S. buyers, including 33% sold to\n \n Washington\n \n buyers, 22% to\n \n Oregon\n \n , and 8% to\n \n California\n \n . The remaining 5% of the equipment was sold to international buyers from as far away as\n \n Vietnam\n \n ,\n \n Saudi Arabia\n \n , and\n \n the Netherlands\n \n .\n \n \n \"Our regional auction events continue to grow thanks to the success of our satellite yard program, which provide our sellers more locations to store and display equipment for potential buyers,\" said\n \n Griffin Squires\n \n , Regional Sales Manager,\n \n Ritchie Bros\n \n . \"With equipment at physical sites, customers can inspect, compare, and test items prior to bidding online. That ability to 'kick the tires' in person combined with our robust online platform provides convenience for buyers and access to a large global buyer base for sellers.\"\n \n \n Approximately 88% of the assets in the Pacific Northwest auction were sold from\n \n Ritchie Bros\n \n .' permanent site in\n \n Chehalis, WA\n \n , while the remaining 12% was sold from yards in\n \n Spokane, WA\n \n ;\n \n Billings, MT\n \n ;\n \n Lake Point, UT\n \n ; and\n \n Wasilla, AK.\n \n \n \n Mr. Squires continued, \"Many of our consignors benefitted by dropping their equipment off at one of our sites early so we had plenty of time to market their assets to buyers around the world. The more time we have, the more eyes we...