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Ritchie Bros. Sells $95MM of Heavy Equipment in Edmonton, AB

June 23, 2014, 06:30 AM
Filed Under: Auction News
Related: Ritchie Bros.

Ritchie Bros. Auctioneers sold more than US$95 million of heavy equipment and trucks in Edmonton, AB on June 11 – 13, 2014. The auction set a new one-day sales record for the Company: more than CA$75 million (US$69+ million) of equipment was sold on Day Two (June 12). So far in 2014, the Edmonton site has conducted three auctions and sold a combined CA$300+ million—three more Edmonton auctions are scheduled for 2014.

“We expanded our yard here in Edmonton last year to help meet the demand from consignors to add more equipment to our sales and it looks like we could stand to expand it again tomorrow with back-to-back record-setting auctions in April and June,” said Jim Rotlisberger, Regional Sales Manager, Ritchie Bros. Auctioneers. “With more than 5,350 equipment items from 863 sellers, this was our largest-ever June auction in Edmonton, attracting bidders from all over the world, which resulted in strong prices across all equipment categories. A couple of sale highlights were a 2003 Caterpillar 589 crawler pipelayer that sold for $680,000 and a 2012 Kenworth T800 twin-axle, tri-drive with a National NBT55102 boom truck that sold for $675,000.”

Fifty-eight hundred bidders from 50+ countries, including all Canadian provinces and territories, as well as 41 US states, registered to bid in person or online for the auction. More than CA$64 million (US$59+ million) of equipment and trucks was purchased by Alberta buyers while participants from outside Alberta purchased CA$39+ million (US$36+ million) for 37 percent of total gross auction proceeds. More than 3,500 of the bidders participated online and purchased more than CA$42 million (US$39+ million) of equipment.

Equipment in the auction was sold for 863 sellers, including 150+ items as part of complete dispersal for Tanton Mackay Oilfield Construction Ltd., a Camrose, AB-based pipeline construction company

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