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Ritchie Bros. Attracts 17,000+ Online Bidders for $69MM Auction

November 02, 2021, 07:00 AM
Filed Under: Auction News

Ritchie Bros. conducted a three-day auction at its Edmonton, Alberta, site, selling more than 600 equipment items and trucks for over 950 owners and generating more than $69 million in gross transaction value.

The auction attracted over 17,700 online bidders from 61 countries, with approximately 90 percent of the equipment purchased by Canadians, including 57 percent sold to Alberta buyers. The remaining 10 percent of the equipment was sold to international buyers from as far away as Australia, Belgium and New Zealand.

"We continue to exceed customer expectations with equipment and truck pricing in 2021," said Andrew Lutic, Regional Sales Manager, Ritchie Bros. "It's not just one asset category either—as we've showcased in our monthly Market Trends Reports, pricing is strong across the board right now.”

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