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Ritchie Bros. Sets Company Record in October Auction

October 31, 2014, 06:41 AM
Filed Under: Auction News

Ritchie Bros. Auctioneers sold more than US$98+ million of heavy equipment and trucks in Edmonton, Alberta on October 28 – 30, 2014. The unreserved public auction set new records for most items ever sold in a Canadian auction (close to 6,700) and most gross auction proceeds generated by an auction held in Canada in October.

"With companies turning over or upgrading their fleets for the winter season, our October auction is traditionally our second-largest sale of the year," said Jim Rotlisberger, Regional Sales Manager, Ritchie Bros. Auctioneers. "This year we're on track to sell more equipment in Edmonton than ever before. We've sold more than 28,200 equipment items and trucks in five auctions and we still have one more sale in December. With our final Edmonton sale only six weeks away we are already accepting consignments."  

More than 7,600 bidders from 54 countries, including all Canadian provinces and territories, as well as 45 U.S. states, registered to bid in person or online for the auction. More than US$62+ million of equipment and trucks was purchased by Alberta buyers, while participants from outside the province purchased US$35+ million for 36 percent of total gross auction proceeds. Close to 4,800 of the bidders in the auction participated online and purchased US$51+ million of equipment.

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