Ritchie Bros. holds biggest Canadian auction of the year
May 2, 2017 - Ritchie Bros.' April auction in Edmonton is always a big event, as thousands of people from across Canada and around the world compete for equipment consigned by top companies in Alberta. This year's auction attracted 13,800 people from 60-plus countries, as more than 8,650 items were sold over four days (April 25 to 28, 2017) for over $184 million.
Approximately 66 per cent of the bidders in the auction registered to participate online and purchased more than $105 million of the equipment. Canadian buyers purchased 86 per cent of the equipment, including 50 per cent bought by Albertans. International buyers purchased 14 per cent, 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 over 1,190 owners—a new site record. Highlights included 235-plus excavators, 230-plus compactors, 145-plus bulldozers, 85-plus loaders, 70-plus articulated dump trucks, 55-plus motor graders, 40-plus agricultural tractors, 140-plus dump trucks, 135-plus flatbed trucks, 90-plus boom trucks, 50-plus winch tractors, 180-plus aerial work platforms, 250-plus truck tractors, 935-plus trailers, 315-plus pickup trucks, and a large selection of consumer items and real estate. All items were sold unreserved, no minimum bids or reserved prices.
Auction quick facts: Edmonton, Alta. (April 2017)
•Gross auction proceeds – CA$184+ million (US$134+ million)
•Amount sold to online bidders – CA$105+ million (US$77+ million)
•Total registered bidders (onsite and online) – 13,800
•Online registered bidders – 9,450+
•Number of lots sold – 8,650+
•Number of sellers – 1,190+ *new site record
"Ritchie Bros. is an exceptional bunch to work with. The whole auction experience has been extremely exciting and I'm very happy with the results," said Olga Roszko of Roszko Construction Ltd., who sold more than 150 items as part of a complete dispersal of their family-run, Whitecourt, Alta.-based company. "I attended my first Ritchie Bros. auction 49 years ago with my husband, it's amazing to see how the company has grown and helped so many people. Everything worked out exactly as I hoped it would with this week. I'm glad I chose Ritchie Bros."
Specific sales highlights:
•A 158±-acre property with a 4,879±-ft2 Viking log home and equestrian facility sold for CA$3.1 million
•Nine Caterpillar 740B 6x6 articulated dump trucks sold for a combined CA$2.245 million
•Seven Caterpillar D8T crawler tractors sold for a combined CA$2.095 million
•Five Caterpillar 627G motor scrapers sold for a combined CA$1.815 million
•Seven Caterpillar 14M VHP Plus motor graders sold for a combined CA$1.685 million
•Two 2014 Caterpillar 336EL hydraulic excavators sold for a combined CA$760,000
•Three 2006 Caterpillar 773E rock trucks sold for a combined CA$555,000
•A 2011 Caterpillar D9T crawler tractor sold for CA$530,000
•Two 2015 Kenworth T800 tri-drive sleeper heavy haul trucks sold for a combined CA$365,000
•A 2012 Tigercat L870C feller buncher sold for CA$315,000
Consignments are now being accepted for Ritchie Bros. next Edmonton auction on June 13 to 15, 2017. To sell your equipment and/or trucks in the auction please contact the site at +1.780.955.2486.
About Ritchie Bros.
Established in 1958, Ritchie Bros. (NYSE and TSX: RBA) is the world's largest industrial auctioneer, and one of the world's largest sellers of used equipment for the construction, transportation, agriculture, energy, mining, forestry and other industries. Ritchie Bros.TM asset management and disposition solutions include live unreserved public auctions with on-site and online bidding; EquipmentOneTM, an online auction marketplace; Mascus, a global online equipment listing service; private negotiated sales through Ritchie Bros. Private Treaty; and a range of ancillary services, including financing and leasing through Ritchie Bros. Financial Services. Ritchie Bros. has operations in more than 15 countries, including 45 auction sites worldwide. Learn more at rbauction.com, EquipmentOne.com, mascus.com, rbauction.com/privatetreaty and rbauction.com/financing.
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