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Ritchie Bros. Sells $158MM of Equipment in Six-day Edmonton Auction

May 09, 2022, 07:12 AM
Filed Under: Auction News

Ritchie Bros. conducted its largest Canadian equipment auction of the year, selling 11,000+ equipment items and trucks for 1,600+ consignors in Edmonton, AB, and generating over $158 million in gross transaction value.

"There was a lot of excitement in the market for our spring Edmonton auction, with many customers quick to comment on the incredible lineup of equipment we put together this year," said Ryan Eacrett, Vice President, Ritchie Bros. "Late-model construction equipment was especially in demand last week in Edmonton, bringing incredible results for consignors, while transportation assets continued their long run of great pricing. We saw strong participation from bidders around the world, but Canadian buyers were very aggressive, buying up most of the assets."

The online auction attracted more than 23,800 bidders from 55 countries, with approximately 91 percent of the equipment sold to Canadians, including 56 percent sold to Albertans. The remaining nine percent of the assets were purchased by international buyers from as far away as Belgium, India, Australia and Peru.

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