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Ritchie Bros. breaks records at Edmonton auction


April 28, 2014
By Canada Newswire

ritchiebrosApril 28, 2014, Edmonton, Alta. – Ritchie Bros. Auctioneers sold
more than CA$143 million (US$129+ million) of trucks and heavy equipment in
Edmonton, AB on April 23 – 25, 2014, making it the largest Canadian auction in
company history.

ritchiebrosApril 28, 2014, Edmonton, Alta. – Ritchie Bros. Auctioneers sold
more than CA$143 million (US$129+ million) of trucks and heavy equipment in
Edmonton, AB on April 23 – 25, 2014, making it the largest Canadian auction in
company history. Multiple other records were broken in the auction, including
new global company records for online sales (CA$64+ million or US$58+ million),
total number of registered bidders (9,400+), number of online bidders (5,500+),
total number of buyers (2,600+), number of online buyers (1,400+) and number of
sellers (870+), as well as a new Canadian record for number of lots sold
(6,000+). Bids were made in person at the Edmonton auction site, online in real
time at www.rbauction.com and by proxy.

 

"As a Canadian company that has been holding auctions
in Alberta since the 1960s, to hold an auction of this magnitude here is
something very special, something we are very proud of," said Jim
Rotlisberger, Regional Sales Manager, Ritchie Bros. Auctioneers. "With a
record amount of equipment from a record number of sellers, the auction
attracted a record number of registered bidders both on site and online, which
resulted in a very active bidding environment with strong prices all three days
of the auction. Thank you so much to all our amazing sellers and buyers for continuing
to put their trust in Ritchie Bros. and the unreserved auction process."

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More than 9,400 bidders from 49 countries, including nine
Canadian provinces and all three territories, as well as 46 US states,
registered to bid in person or online for the auction. More than CA$96 million
(US$87+ million) of trucks and equipment was purchased by Alberta buyers while
participants from outside Alberta purchased CA$46+ million (US$42+ million) for
32 percent of total gross auction proceeds. More than 5,500 of the bidders
participated online and purchased more than CA$64+ million (US$58+ million) of
equipment online.

 

Equipment in the auction was sold for 870+ sellers,
including a large selection of heavy equipment from Lakeshore Contracting Ltd.,
an Oil Sands contractor based in Fort McMurray, AB.

 

"I recently decided to retire from the contracting
business and brought all my equipment to Ritchie Bros.' spring auction in
Edmonton because it's such a big event and it turned out great—results were
better than I expected," said Michael Cardinal, owner of Lakeshore
Contracting. "Not only did I sell, I also bought a 2007 Robinson R44 in
the auction for a helicopter company I run with my family up in Fort
McMurray."

 

The record-setting selection of heavy equipment and trucks
included 190+ excavators, 170+ compactors, 145+ crawler tractors, 80+
articulated dump trucks, 75+ loaders, 55+ agricultural tractors, 175+ truck
tractors and more. Highlights from the unreserved auction include a 2013
Surefire Tridem Twin Fluid Pump Trailer on a 2012 Kenworth T800 Sleeper T/A
Truck Tractor that sold for CA$1.5 million (US$1.3 million). A luxury
equestrian property located in Bluffton, AB was another highlight, selling for
CA$2.62 million (US$2.37 million).

 

Quick Facts: Edmonton, AB auction – April 23 – 25, 2014:

 

  • Gross Auction Proceeds – CA$143+ million
    (US$129+ million) *New Ritchie Bros. Canadian record
  • Amount sold to online bidders – CA$64+ million
    (US$58+ million) *New Company record
  • Total registered bidders (onsite and online
    total) – 9,400+ *New Company record
  • Unique registered online bidders – 5,500+ *New
    Company record
  • Total number of buyers – 2,600+ *New Company
    record
  • Total number of online buyers – 1,400+ *New
    Company record
  • Number of lots sold – 6,000+ *New Company
    Canadian record
  • Number of sellers – 870+ *New Company record

 

The Ritchie Bros. auction calendar currently features more
than 85 unreserved public auctions around the world, including the Company's
next unreserved public auction in Edmonton, AB, which is scheduled for June 11
– 12, 2014. Visit www.rbauction.com for a complete list of upcoming auctions.


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