October’s Edmonton auction achieved new records for gross auction proceeds (over CA$95 million), number of sellers (840-plus) and number of items (5,850-plus) sold at a two-day auction
Ritchie Bros. Auctioneers, the world’s largest industrial auctioneer, conducted its largest two-day auction in company history in Edmonton, Alta. (Oct. 29 to 30, 2013). More than 5,850 equipment items and trucks were sold in the public auction for more than CA$95 million – all equipment was sold by unreserved auction, with no minimum bids or reserve prices. Multiple Ritchie Bros. records were set at this auction, including highest gross auction proceeds and most items sold in a two-day auction globally, most items ever sold in any Canadian auction and most sellers ever at any auction globally. Bids were made in person at the Edmonton auction site, online in real time at www.rbauction.com and by proxy.
“This is our fifth Edmonton auction of the year and usually our October auction is our second biggest sale next to our three-day April auction, but it’s never been this big before – to sell more than 5,850 equipment items and trucks in two days is unheard of,” said Jim Rotlisberger, regional sales manager, Ritchie Bros. Auctioneers. “At this time of year many contractors are changing gears – selling off equipment used in the summer and getting new gear for the winter season. In this week’s auction, we witnessed strong competition for equipment in all categories from bidders around the world, which helped us achieve global market value for our sellers.”
More than 6,450 bidders from 53 countries, including all Canadian provinces and two territories and 43 U.S. states, registered to bid in person or online for the auction. More than CA$63 million of equipment was purchased by Alberta buyers. Participants from outside Alberta purchased close to CA$32 million of equipment or 33 per cent of total gross auction proceeds. More than 3,600 of the bidders participated online and purchased over CA$35 million of the equipment available online.
About Ritchie Bros.
Established in 1958, Ritchie Bros. is the world’s largest seller of used equipment for the construction, transportation, agriculture, material handling, energy, mining, forestry, marine and other industries. Ritchie Bros.TM solutions make it easy for the world’s builders to buy and sell equipment with confidence, including live unreserved public auctions with on-site and online bidding (rbauction.com); the EquipmentOneTM secure online marketplace (EquipmentOne.com), a professional corporate asset management program; and a range of value-added services, including equipment financing for customers through Ritchie Bros. Financial Services (rbauctionfinance.com). Ritchie Bros. has operations in more than 25 countries, including 44 auction sites worldwide. Learn more at RitchieBros.com. 