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Ritchie Bros’ Sells $134MM+ of Equipment in Biggest Canadian Auction of Year

May 01, 2017, 06:14 AM
Filed Under: Auction News

Ritchie Bros.' April auction in Edmonton attracted 13,800 people from 60+ countries, as 8,650+ items were sold over four days (April 25 – 28, 2017) for US$134+ million.

Approximately 66 percent of the bidders in the auction registered to participate online and purchased US$77+ million of the equipment. Canadian buyers purchased 86 percent of the equipment, including 50 percent bought by Albertans. International buyers purchased 14 percent, from such countries as Finland, New Zealand, and Japan.

"As activity levels are picking up in the Alberta market, and spring work projects get underway, we witnessed huge crowds and positive pricing across all equipment categories this week at our four-day Edmonton auction," said Brian Glenn, Senior Vice President, Ritchie Bros. "Western Canadian buyers outpaced all others, demonstrating brewing confidence in the oil and gas sector. Last week's auction was a display of best-in-class customer service, as the team in Edmonton delivered solid returns for the hundreds of consignors who put their trust in Ritchie Bros."

Equipment in the auction was sold for 1,190+ owners—a new site record. Highlights included 235+ excavators, 230+ compactors, 145+ bulldozers, 85+ loaders, 70+ articulated dump trucks, 55+ motor graders, 40+ agricultural tractors, 140+ dump trucks, 135+ flatbed trucks, 90+ boom trucks, 50+ winch tractors, 180+ aerial work platforms, 250+ truck tractors, 935+ trailers, 315+ pickup trucks, and a large selection of consumer items and real estate. All items were sold unreserved, no minimum bids or reserved prices. 

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