Ritchie Bros. EOFY auction breaks new records

With the sale of $63 million worth of commercial assets and vehicles, the Ritchie Bros. National End of Financial Year (EOFY) Unreserved Auction has broken several records.

This year’s auction had the highest total sales, and the highest number of buyers, sellers and registrations.

Surpassing last year’s record of AU$55 million, the 2023 EOFY sale has the annual premier auction event for Ritchie Bros.

Year after year, Ritchie Bros.’ EOFY sales have grown in prominence, becoming the go-to auction event in Australia.

“We are incredibly proud of the resounding success of our 2023 EOFY Auction, which has exceeded our expectations,” said Cody Watson, APAC sales director at Ritchie Bros.

“Reaching a Gross Transaction Value of $63 million is an exceptional achievement, and this remarkable success can be attributed to the high demand for heavy machinery across Australia and the trust both buyers and sellers place in Ritchie Bros.”

The auction attracted over 4150 online bidders from over 30 countries, showcasing the international appeal of the event.

The Brisbane yard.

The overwhelming majority of assets were purchased by Australian buyers, highlighting the strong need for heavy machinery within the country.

Additionally, the auction achieved a record-breaking number of 956 buyers, purchasing premium equipment and trucks across the transport, construction and agricultural industries.

The event also garnered strong interest from sellers, with a record-breaking 407 consignors trusting Ritchie Bros. to facilitate their asset sales. This unprecedented number of sellers demonstrates the growing confidence and trust that the industry has placed in Ritchie Bros. as the preferred auction company for buying and selling assets in Australia.

Featuring a diverse range of lots, the 2023 EOFY Auction presented an extensive array of equipment, resulting in highly competitive bidding.

David Fanning, Ritchie Bros. APAC marketing director, added, “The 2023 EOFY Auction not only shattered sales records with AU$63 million in sales, but also demonstrated the event’s evolution into the premier auction event in Australia. The increasing participation of buyers and sellers showcases the industry’s recognition of the opportunities provided by Ritchie Bros. EOFY events.”

Ritchie Bros. commitment to innovation and providing a seamless auction experience has made Ritchie Bros. the trusted partner of choice for buyers and sellers worldwide.

For more information about Ritchie Bros. in Australia and upcoming auctions, please visit

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