Ritchie Bros. Sets Records For Online Sales, Bidders & Items Sold

UsAgNet reports that the Vancouver-based Ritchie Bros. Auctioneers, the world’s largest industrial auctioneer, sold $3.5 billion of equipment at 327 unreserved auctions around the world in 2009, including a record nearly $830 million of equipment sold to online bidders. Ritchie Bros. set many other new company records in 2009, including total bidder registrations and number of lots sold.

Meanwhile, Ritchie Bros. introduced an enhanced version of its real-time internet bidding software in 2009, making it easier for customers to bid in several auctions taking place at the same time.

Since first launching its online bidding service in 2002, Ritchie Bros. has sold nearly $3.3 billion of equipment to online bidders. In 2009 alone, Ritchie Bros. sold nearly $830 million of equipment to online bidders, an 18% increase over 2008.