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Ritchie Bros. Surpasses $1B in Annual Equipment Sales in Canada

December 18, 2013, 07:00 AM
Filed Under: Industry News

Ritchie Bros. Auctioneers sold more than CA$60 million (US$57+ million) of equipment and trucks at its unreserved public auction in Edmonton, AB on December 12 - 13, 2013. More than 3,750 equipment items and trucks were sold in the two-day auction, including a large selection of oil and gas, construction, transportation and other heavy equipment. Every item was sold without minimum bids or reserve prices. Bids were made in person at the Edmonton auction site, online in real time at and by proxy.

"With Edmonton being one of the last auctions conducted in Canada during 2013, we're pleased to announce our Canadian operations surpassed last year's sales record, with over $1 billion in Gross Auction Proceeds this year," said Kevin Tink, Senior Vice President, Ritchie Bros. Auctioneers. "Our Edmonton site has been the anchor of this achievement with a site record of more than $425 million of equipment and trucks sold in 2013. We are very pleased with the results and would like to extend a big thank you to our buyers and sellers who continue to place their trust in our Canadian team."

Close to 4,700 bidders from 41 countries, including all Canadian provinces and territories and 42 US states, registered to bid in person or online for the Edmonton December auction last week. CA$42+ million (US$40+ million) of equipment was purchased by Alberta buyers. Participants from outside Alberta purchased more than CA$18 million (US$17+ million) of equipment or 30 percent of total Gross Auction Proceeds. More than 3,050 of the bidders participated online and purchased CA$26+ million (US$24+ million) of the equipment available online.

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