Ritchie Bros. to host third unreserved agricultural auction in Moree

UNDER THE HAMMER: The wide range of equipment that was up for auction at Ritchie Bros. first auction in Moree at Moree Showground.
UNDER THE HAMMER: The wide range of equipment that was up for auction at Ritchie Bros. first auction in Moree at Moree Showground.

Moree Showground will be packed with a wide range of agricultural machinery on Thursday, February 22 when Ritchie Bros. returns to host another massive unreserved agricultural auction in the district.

This will be the third Ritchie Bros. auction held in Moree in the last 12 months – the first was held at Moree Showground in March 2017 and the second record-breaking auction was held at Keytah in September.

A total of 236 items were put under the hammer at Sundown Pastoral Company’s Keytah property in September, selling for in excess of $9 million – an Australian record for Ritchie Bros.

This time, the Moree auction will be held in conjunction with an auction at Dubbo on Tuesday, February 20, as part of an ‘agricultural auction week’.

More than 360 lots will go under the hammer between the two auctions, which are expected to exceed $9 million in sales combined.

Ritchie Bros. regional sales manager Dale Spedding said a variety of agricultural equipment and machinery from about 70 consigners will be available in both auctions.

“We’re finding we’re getting repeat business as consigners are coming back again and they’re seeing the value in the return,” he said.

“We’ll have 16 combines all sold in Dubbo and in Moree it’ll be more broadacre-style ag equipment.

“There’s a good line-up of Case IH equipment in Moree.”

Mr Spedding said the hot buys would include 11 late model John Deere combine harvesters and case units at Dubbo, as well as late model 4WD and tracked tractors and JCB telescopic handlers at Moree.

It’s expected that there will be more than 1,000 registered bidders, both onsite and online, between the two auctions, with many buyers already registering for both the Dubbo and Moree auction.

“People will come because they know at the end of the day, if they’re the highest bidder, it’s theirs,’ Mr Spedding said.

“They provide what the marketplace is. People are now starting to realise the benefits of an unreserved auction.

“Last year 30 per cent of equipment was sold to online buyers. We expect the same thing again.”

Mr Spedding said Ritchie Bros’ loves coming back to Moree, and will be making it a regular occurrence with two auctions every year – one in March and a second in September.

“Moree is the hub for agriculture in the region,” he said.

“Ritchie Bros. has really valued the support of the community, local council, Land Council and Tourism Moree in getting behind the auctions.”

Mr Spedding said each auction attracts hundreds of traders and their families to Moree and the surrounding area, which is a boost for local businesses and economy.

“We book out the motel at the RSL for the whole week and a half leading up to an auction and I know a lot of other motels around town get booked out,” he said.

The Dubbo and Moree lots will open for early inspections from February 19. Ritchie Bros. experts will be onsite to assist with any enquiries. Children and families are welcome.

The full consignments can be viewed at www.rbauction.com.au