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Ritchie Bros. Breaks Records in Quebec Auction

September 29, 2014, 06:33 AM
Filed Under: Auction News

Ritchie Bros. sold $36+ million of equipment in Montreal, attracting more than 5,000 bidders from 52 countries at its auction held September 24-25, 2014. The Company also held a two-day equipment auction at the same time in Fort Worth, Texas, which generated $40+ million in gross auction proceeds, and attracted close to 3,300 bidders from 56 countries.

Montreal, Quebec - The Company broke Montreal auction site records at this week's auction for largest number of sellers (750+) and largest number of items ever sold (nearly 4,200). Equipment in the auction included a selection of wheel loaders, motor graders, crawler snow blowers and utility tractors for Dorval, QC-based Roxboro Excavation. Roxboro offers a variety of services in civil engineering, environment, paving, earthmoving, infrastructure, sewage, as well as snow removal in the Quebec region.

"The results of this week's auction are very encouraging in all industry sectors," said Jessy Cantin, Regional Sales Manager, Ritchie Bros. Auctioneers. "The focus for equipment buyers in Montreal during September is preparation for the winter, so we saw particularly strong results in snow removal gear and heavy construction equipment."

Fort Worth, TX - In less than two months, Ritchie Bros. has held two unreserved equipment auctions at its permanent auction site in Fort Worth. This week's Fort Worth auction featured more than 3,000 heavy equipment items, including a selection of oilfield, construction and transportation equipment.

"This week's auction in Texas saw strong pricing across all categories, particularly for specialized transportation equipment," said Adam Kawulok, Regional Sales Manager, Ritchie Bros. Auctioneers. "Utility trucks were predominantly on high demand on Day Two of the auction along with bucket trucks and boom trucks."

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