Ritchie Bros. conducted its largest auction ever in the Pacific Northwest, selling over 3,700 items from five locations in one online auction and generating more than $50 million in gross transaction value.

The event attracted over 8,200 bidders from more than 40 countries, with approximately 95 percent of the equipment purchased by U.S. buyers, including 33 percent sold to Washington buyers, 22 percent to Oregon, and 8 percent to California. The remaining 5 percent of the equipment was sold to international buyers from as far away as Vietnam, Saudi Arabia and the Netherlands.

"Our regional auction events continue to grow thanks to the success of our satellite yard program, which provides our sellers more locations to store and display equipment for potential buyers," said Griffin Squires, Regional Sales Manager, Ritchie Bros. "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."

Approximately 88 percent of the assets in the Pacific Northwest auction were sold from Ritchie Bros.' permanent site in Chehalis, WA, while the remaining 12 percent was sold from yards in Spokane, WA; Billings, MT; Lake Point, UT; and Wasilla, AK.

Squires said, "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.”