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Ritchie Bros. Sells $162MM+ of Equipment in Massive Six-day Edmonton Auction

May 10, 2021, 07:05 AM
Filed Under: Auction News

Ritchie Bros. sold a record-setting 13,600 items over six days for $162 million in Edmonton, Alberta. The auction attracted more than 28,700 online bidders from over 70 countries—surpassing the previous company record, set in Edmonton last May, by 22 percent.

"Auction after auction we continue to drive record demand, and our Edmonton event proved that if you have equipment to sell, we have lots of eager buyers waiting," said Trent Vandenberghe, Regional Sales Manager, Ritchie Bros. "We saw particularly strong pricing last week in Edmonton for earthmoving equipment, with skid steers, multi-terrain loaders, excavators, motor scrapers, and dozers leading the way. It's a seller's market right now and we have a ton of great consignment options available."

Approximately 92 percent of the equipment in the Edmonton May auction was sold to buyers in Canada, including 53 percent sold to Alberta, 15 percent to British Columbia and 9 percent to Saskatchewan. The remaining 8 percent of the equipment was sold to International buyers from as far away as Belgium, Chile, India and Thailand. With 100 percent online bidding, customers completed more than 1.8 million equipment views—up 64 percent from May 2020—and made 30,000+ PriorityBids in the Edmonton sale.

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