British Columbia-based Ritchie Brothers operates the world's leading marketplace for heavy equipment. Started in 1958 as a live auctioneer of industrial equipment, it has greatly expanded its operations to include the sale of construction, agricultural, oilfield, and transportation equipment in a variety of venues. It now operates 40 live auction sites in 13 countries, along with an online marketplace, IronPlanet. Its agricultural auctions are frequently much smaller venues and can include liquidations of single farms. In 2018, the company held 348 live auctions and 220 online auctions, selling a total of $5 billion worth of equipment.