Ritchie Bros. and Smith Broughton say they have delivered a record result in Australia’s end-of-financial-year auction season, generating more than AU$100 million in combined sales. The companies said the total set a new national benchmark for their EOFY auction activity.
According to the announcement, nearly 11,000 bidders from around the world competed for assets offered across the two auction platforms. The scale of participation points to strong buyer demand and broad international interest in Australian auction sales.
The result is notable for Ritchie Bros., which operates under RB Global, as well as for Smith Broughton, with both companies highlighting the strength of the market during a key selling period. The EOFY window is closely watched in Australia because it often attracts heightened activity from buyers and sellers looking to complete transactions before the close of the financial year.
While only limited details were released in the initial announcement, the headline figure and bidder turnout suggest a robust auction environment. The record total also underlines how large-scale auction events continue to draw global competition for assets listed in Australia.
