The record-setting 13,600+ items sold attracted 28,700+ bidders
and 1.8+ million equipment views
/CNW/ - Ritchie Bros.' operational prowess and online
expertise were on full display last week in
Alberta, as the company sold a record-setting
13,600+ items over six days for CA$197+ million (US$162+ million).
The
May 3 – 8, 2021 auction attracted
28,700+ online bidders from 70+ countries—surpassing the previous
company record, set in
Edmonton
last May, by 22 percent.
EDMONTON, May 10, 2021 "Auction after auction we continue
to drive record demand, and our Edmonton event proved that if you have
equipment to sell, we have lots of eager buyers waiting," said
Trent Vandenberghe, Regional Sales
Manger, Ritchie Bros. "We saw
particularly strong pricing last week in Edmonton for earthmoving equipment, with skid
steers, multi-terrain loaders, excavators, motor scrapers, and
dozers leading the way. It's a seller's market right now and we
have a ton of great consignment options available, with hybrid
onsite/online auctions, weekly online featured events, and
Marketplace-E."
Approximately 92% of the equipment in the Edmonton May auction was sold to buyers in
Canada, including 53% sold to
Alberta, 15% to British Columbia, and 9% to Saskatchewan. The remaining 8% of the
equipment was sold to International buyers from as far away as
Belgium, Chile, India,
and Thailand. With 100% online
bidding, customers completed more than 1.8 million equipment
views—up 64% from May 2020—and made 30,000+ PriorityBids in the
Edmonton sale.
Five Big Sellers:
- 2013 Caterpillar 627H motor scraper – CA$475,000 (US$386,698)
- 2008 Sandvik CH440 Hydrocone cone crusher – CA$450,000
(US$366,345)
- 2014 Caterpillar D8T dozer – CA$440,000 (US$358,204)
- 2019 Vaderstad Seed Hawk 45-series 60-ft air drill – CA$420,000
(CA$341,922)
- 2014 Kenworth C500 T/A tri-drive w/ a National NBT45TM boom
truck – CA$367,500 (US$299,182)
Equipment in the Edmonton
online auction was sold for a record 1,750+ consignors, including
30 items for Calgary-based Mike
Vail Trucking Ltd.
"We like the hassle-free aspect of working with Ritchie Bros.," said Michael Vail, Owner and General Manager of Mike
Vail Trucking. "We make sure the equipment is work-ready, drop it
off at the site, and Ritchie Bros.
takes care of everything else. Typically, we sell in the
Edmonton spring auction because
bigger auctions draw more attention and this year was no different.
We were very happy with the results."
AUCTION QUICK FACTS: EDMONTON,
AB (MAY 2021)
- Gross Transaction Value (GTV): CA$197+ million (US$162+
million)
- Total Registered Bidders: 28,700+ *NEW COMPANY
RECORD
- Total Number of Lots: 13,600+ *NEW COMPANY RECORD
- Total Number of Consignors: 1750+ *NEW COMPANY
RECORD
Ritchie Bros. will sell more than
60,000 equipment items and trucks in its upcoming auctions,
including a Toronto, ON auction on
May 11 – 14; Chilliwack, BC on May
25 – 26; and Montreal, QC
on May 26 – 27. The company also has
weekly featured online auctions at IronPlanet.com and a daily
reserved option with Marketplace-E.
Want to learn more? Ritchie
Bros. Canadian Industry Panels TODAY at 9 a.m. & 11
a.m. Pacific
On May 10, 2021, Ritchie Bros. will host two industry panels
discussing key issues impacting the Canadian construction and
agriculture industries, including supply/demand metrics,
macroeconomic issues, and more. These free one-hour online
discussion panels will feature guest speakers Craig Klemmer (Principal Agriculture Economist
for Farm Credit Canada); John
Schmeiser (CEO of Western Equipment Dealers Association);
and Joe Wrobel (2020 President of
the Canadian Construction Association); alongside Ritchie Bros. experts. Register for free online
at rbauction.com/blog.
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
solutions also includes Ritchie
Bros. Asset Solutions and Rouse Services LLC, which together
provides a complete end-to-end asset management, data-driven
intelligence and performance benchmarking 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.