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Ritchie Bros. to host its largest EOFY auction to date

Next week, Ritchie Bros. will host its National Unreserved End of Financial Year Auction, which it says will be the largest Australian unreserved auction ever.

Being held June 22-23, it will feature over 2200 construction, transport and agricultural assets.

Over two days, buyers from around the world can place bids on assets at six Ritchie Bros. locations – Adelaide, Brisbane, Dubbo, Geelong, Mittagong and Perth.

“We are delighted to be bringing Australia a huge range of quality late-model equipment and trucks in our premier EOFY event,” said Ritchie Bros. sales director Finlay Massey.

“Large consignments from Thurwood Refrigerated Transport, Linde Transport, and Big Hill Heavy Haulage have made it the largest auction on record.

“As Australia’s largest industrial auction company, all eyes are on Ritchie Bros. End of Financial Year event. We are seeing huge demand in the form of registrations and enquiries online. The auction is expected to attract over 3000 registered bidders and we are already seeing strong global interest from buyers in North America, South America, Europe, Asia, and Africa,” added Ritchie Bros. marketing director David Fanning.

“Ritchie Bros. has attracted a record 15,133 registered online bidders to its auctions in 2022 alone. We continue to attract online bidders – up 68 percent year-on-year. Page views are also up 70 percent year-on-year.”

Fanning says supply chain constraints and component shortages are continuing to drive demand, adding the shortage hindering global vehicle and equipment production is expected to persist through 2022 before supply catches up with demand in early 2023.

“Our National Unreserved End of Financial Year Auction is a great opportunity to pick up all the assets you need without the wait.”

Ritchie Bros. yards are open for inspections Monday through to Friday and this Saturday, June 18. The event will be held exclusively online with bidding opening Saturday, June 18.

Those interested in bidding are urged to register to bid before the auction. Day one of the auction (June 22) will be dedicated to construction and crushing gear while day two (June 23) will focus on transportation and agriculture assets.

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