Rock to Road

News
Records broken at Ritchie Bros. auction


April 29, 2013
By Aggregates and Roadbuilding

April 29, 2013, Edmonton Alta. – Ritchie Bros. Auctioneers, the world's
largest industrial auctioneer, sold more than $104 million of trucks and heavy equipment during a record breaking
three-day unreserved public auction at its permanent auction site last
week.

April 29, 2013, Edmonton Alta. – Ritchie Bros. Auctioneers, the world's largest industrial auctioneer, sold more than CA$104 million (US$102+ million) of trucks and heavy equipment during a record breaking three-day unreserved public auction at its permanent auction site last week.

Edmonton internet site records for most online bidders, online buyers and total gross auction proceeds from online bidders were all broken at the auction. It featured a large selection of late-model heavy construction equipment, including more than 225 truck tractors, 190 pickup trucks, 135 hydraulic excavators, 115 crawler tractors, 85 dump trucks, 75 flatbed trucks, 60 skid steer loaders, 50 wheel loaders, 45 articulated dump trucks, 40 motor graders, 25 motor scrapers and more.

More than 5,100 equipment items and trucks were sold to the highest bidders regardless of price — without minimum bids or reserve prices. Bids were made in person at the Edmonton auction site, online in real time at www.rbauction.com or by proxy.

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"This April Edmonton auction was the largest Canadian auction so far this year—and our second largest auction globally in 2013," said Jim Rotlisberger, regional sales manager of Ritchie Bros. Auctioneers. "With four more Edmonton auctions remaining in 2013, heavy equipment owners here in the Edmonton area will have plenty more opportunities to buy and sell equipment at strong, competitive market values."

More than 8,200 bidders from more than 40 countries, including 38 U.S. states and all Canadian provinces and territories, registered to bid in person or online for the auction. More than CA$71 million (US$70+ million) of trucks and equipment was purchased by Alberta buyers while participants from outside Alberta purchased more than CA$33 million (US$32+ million) of trucks and equipment or 32 per cent of total gross auction proceeds. More than 3,900 of the bidders participated online and purchased more than CA$36 million (US$36+ million) of equipment online.

The auction featured equipment for more than 765 sellers, including more than 170 heavy construction and transportation equipment items in a complete dispersal for Dawn Lynn Construction Ltd. — an oilfield construction company that has been selling with Ritchie Bros. since 1999.

"We saw very good activity levels from the bidding crowds during the auction," said Brian Ellis, president of Dawn Lynn Construction Ltd.

Auction Quick Facts: April 24 to 26, 2013

  • Gross auction proceeds – CA$104+ million (US$102+ million)
  • Amount sold to online bidders – CA$36+ million (US$36+ million) New Edmonton, Alta. site record
  • Unique bidders (onsite and online total) – 8,200+
  • Unique online bidders – 3,900+ New Edmonton, Alta. site record
  • Lots sold – 5,100+
  • Number of sellers – 765+

The Ritchie Bros. auction calendar features more than 80 unreserved public auctions around the world, including the Company's next unreserved public auction in Edmonton which is scheduled for June 12 and 13, 2013.

For a complete list of upcoming auctions visit, www.rbauction.com.