Ritchie Bros ... buggers

[blackpowder]

RB pioneers in their model of world wide equipment sales long before the internet. It just took longer. Remember the yellow paint sitting for 3-4 years after '81?
Visit their sales yard now presale day and it's like a trip to the UN.
They owned their own island before they ever went public. Never more than a trading stock until recently.
Auctions of any kind no longer for hillbillies that's for sure.
Great if you're selling. Especially junk and miscellaneous.
I do miss the sociables.

[RD414]

Rb Regina ,lot 56, a case 620 just sold for $242000. 4000 hours. Sold 4 months ago for $83000 on auction time. Oh ya, had 7300 hours then

[fjlip]

"

• For on-farm auctions, regardless of whether you are bidding online or in person, each purchased Lot will be subject to a transaction fee of: (a) 10% on all Lots selling for CAD 12,000 or less, (b) 3.85% on all Lots selling for over CAD 12,000 up to CAD 40,000, with a minimum fee of CAD 1,200 per Lot or, (c) CAD 1,540 on all Lots selling for over CAD 40,000."

What is the selling farmer charged?

[blackpowder]

Ritchie Bros stock price is skyrocketting, almost at an all time high today. Buyer fees and seller fees must be bringing in the $.

I bet the constant shuffling of assets between countless numbered shelf companies makes more

[blackpowder]

I don't believe they've been truly and completely unreserved for years. Think it's always been relative to what crowd you're in.
I wouldn't cross them either.
Just a feeling.

[TASFarms]

Rb Regina ,lot 56, a case 620 just sold for $242000. 4000 hours. Sold 4 months ago for $83000 on auction time. Oh ya, had 7300 hours then

I wonder when the buyer will find out.

[Taiga]

Definitely are not unreserved, despite the claim, I know lots of business owners that sent equipment to RB that were guaranteed the minimum values they wanted/needed.

[furrowtickler]

Checked RB Regina results decent average machinery and trucks seem considerably more reasonable than past three years ??

[oldjim]

Checked RB Regina results decent average machinery and trucks seem considerably more reasonable than past three years ??

Perhaps but a 1982 Chevy 3-ton (nice shape, low miles) brought $26,000. Some of the New Holland combines seemed to go fairly cheap.

[makar]

Definitely are not unreserved, despite the claim, I know lots of business owners that sent equipment to RB that were guaranteed the minimum values they wanted/needed.

That does not mean its not unreserved to the bidder. RB has come short on some quarentees. Doesn't mean they dont recycle it.

[Taiga]

Ah that’s certainly possible for sure

[foragefarmer]

Well at least we know they spend some of their commission to run ads on Agriville.