Four-day, online-only event attracted close to 19,000 registered
bidders—up 49% year over year
EDMONTON, AB, Nov. 2, 2020 /CNW/ - Just seven weeks after
selling 10,000+ items, Ritchie
Bros.' Edmonton team was
back at it last week, selling another 9,200+ items for CA$110+
million (US$83+ million) over four days.
The October 28 – 31 Edmonton
auction attracted 18,945 bidders from 58 countries, which is up 49%
from the October 2019 event.
Approximately 91 percent of the equipment was purchased by
Canadians, with Western Canadian buyers winning the majority of the
items, while international buyers from as far away as Australia, China, and the United Kingdom purchased nine percent.
"With the recent record-breaking $34
million forestry auction in Chilliwack, our $110
million sale in Edmonton
last week, and the big, four-day Grande
Prairie event in three weeks, we are seeing some real
momentum right now in Western
Canada," said Andrew Lutic,
Regional Sales Manager, Ritchie
Bros. "This was our third online-only auction in
Edmonton and it's working
extremely well, with safe practices onsite to allow for in-person
inspections. Thank you to all our consignors and buyers for
continuing to put your trust in Ritchie
Bros."
Equipment items were sold for more than 1,100 consignors,
including a package of items for long-time Ritchie Bros. customer Richardson Bros. Olds. Ltd.
"We miss the camaraderie of being at the auction in person, but
the bidding audiences have certainly gotten bigger since
Ritchie Bros. has gone all online,"
said Frank Richardson of
Richardson Bros. Olds Ltd. "We
recently completed a major project in Calgary and came to Ritchie Bros. with all the surplus equipment, as
we've been doing for decades. The auctions are perfectly organized.
Bidders can show up a couple days before the auction, inspect the
items, which are all perfectly sorted and lined up, and then bid
safely from their phone. They sure make it easy."
Sales highlights include:
- A 156+ acre agricultural real estate property with a home
quarter that sold for CA$1.16 million
- A 6,000± square-foot lakefront home in Crane Lake, AB that
sold for CA$765,000
- A 2010 Caterpillar 16M VHP motor
grader that sold for CA$600,000
- A 2016 Peterson 2710D horizontal grinder that sold for
CA$490,000
- A 2013 Tadano GR1000XL-2 100-ton 4x4x4 rough terrain crane that
sold for CA$490,000
AUCTION QUICK FACTS: EDMONTON,
AB (OCTOBER 2020)
- Gross Transaction Value (GTV): CA$110+ million (US$83+
million)
- Total Number of Lots: 9,200+
- Total Registered Bidders: 18,945
- Total Number of Consignors: 1,100+
For more information about buying and selling with Ritchie Bros., visit RitchieBros.com.
About Ritchie Bros.:
Established in 1958, Ritchie Bros.
(NYSE and TSX: RBA) is a global asset management and disposition
company, offering customers end-to-end solutions for buying and
selling used heavy equipment, trucks and other assets. Operating in
a number of sectors, including construction, transportation,
agriculture, energy, oil and gas, mining, and forestry, the
company's selling channels include: Ritchie
Bros. Auctioneers, the world's largest industrial
auctioneer offers live auction events with online bidding;
IronPlanet, an online marketplace with featured weekly auctions and
providing the exclusive IronClad Assurance® equipment
condition certification; Marketplace-E, a controlled marketplace
offering multiple price and timing options; Mascus, a
leading European online equipment listing service; and Ritchie Bros. Private Treaty, offering privately
negotiated sales. The company's suite of multichannel sales
solutions also includes Ritchie
Bros. Asset Solutions, a complete end-to-end asset
management and disposition system. Ritchie
Bros. also offers sector-specific solutions including
GovPlanet, TruckPlanet, and Kruse Energy, plus equipment
financing and leasing through Ritchie
Bros. Financial Services. For more information about
Ritchie Bros., visit
RitchieBros.com.
Photos and video for embedding in media stories are
available at rbauction.com/media.
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SOURCE Ritchie Bros.