Ritchie Bros. is holding a National Agriculture Auction online on 9th September to enable sellers to capitalise on soaring prices resulting from high demand for secondhand farming machinery.
The auction is expected to be its largest in several years, as well as the biggest unreserved agricultural auction held anywhere in Australia in 2021.
Sellers in the auction will be able to take their machinery to Ritchie Bros.’ eight locations around Australia at Forty Mile, Brisbane, Moree, Dubbo, Mittagong, Geelong, Adelaide, or Perth.
Ritchie Bros. auctions are now completely online, although customers will still have the option of visiting the eight yards to inspect machinery. Rising to the challenges of COVID-19 over the last 18 months, Ritchie Bros. online auction platform has achieved strong results for sellers, setting new records for total sales, registered users, bids per item, and overall sales prices.
Ritchie Bros. Agricultural Territory Manager, Gary Biggs commented: “We’re seeing record demand for used machinery due to short supply and delivery schedules for new machines stretching into 2022. In this market, farmers are far better positioned to sell their machinery in the open market than to trade in their old machine with a dealership.
“In fact, farmers know they have the upperhand when negotiating the best price on a new machine when they aren’t trading in their old one.”
“Our agricultural auctions have been hugely successful in previous years, so this one is long overdue. The inventory in the sale will provide farmers the opportunity to source the machinery they need this year, without having to wait 12-18 months for stock to arrive from dealers.”
The auction is scheduled for 9th September, 2021. Interested sellers can contact Ritchie Bros. for more details at rbauction.com.au or on +61-7-3382-4444.