Ritchie Bros. and Smith Broughton Smash AU$100M Record in Australia's EOFY Auctions — RB Global, Inc.

Event summary

Ritchie Bros. and Smith Broughton generated over AU$100M in gross transaction value (GTV) across 10 auctions in Australia's EOFY sales.
5,516 lots sold, with nearly 11,000 bidders registered from over 20 countries, including the U.S., Canada, and UAE.
Victoria, New South Wales, and Queensland drove domestic activity, while international buyers transacted from the U.S., New Zealand, and Egypt.
The auction included over 600 assets from the Garraway Group, contributing to deeper competition and record results.

The big picture

Ritchie Bros.' record-breaking auction results underscore the strategic value of consolidating regional marketplaces under RB Global. The AU$100M+ milestone reflects broader industry trends toward digital-first, omnichannel asset transactions, where global buyer networks drive premium valuations. The integration of Smith Broughton's footprint further solidifies RB Global's dominance in Australia's equipment resale market.

What we're watching

Market Liquidity: How the integration of Ritchie Bros. and Smith Broughton's customer bases will sustain increased market liquidity.
Global Expansion: Whether international bidder participation can be replicated in other regional auctions.
Asset Diversification: The pace at which Ritchie Bros. can onboard high-value asset groups like the Garraway Group's portfolio.