Rock to Road

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Ritchie Bros. breaks records in Montreal


March 20, 2015
By Rock to Road

March 20, 2015 – Ritchie Bros. more than $44 million of
heavy equipment and trucks at an unreserved public auction in Montreal, QC on
March 18 and 19, 2015—the largest Montreal auction in Company history. The
two-day auction also set new site records for online sales ($20+ million),
total number of registered bidders (5,800+) and number of online bidders
(2,600+).

March 20, 2015 – Ritchie Bros. more than $44 million of
heavy equipment and trucks at an unreserved public auction in Montreal, QC on
March 18 and 19, 2015—the largest Montreal auction in Company history. The
two-day auction also set new site records for online sales ($20+ million),
total number of registered bidders (5,800+) and number of online bidders
(2,600+). Every item was sold without minimum bids or reserve prices. Bids were
made in person at the auction site, online at rbauction.com and by proxy.

  

"We've seen positive pricing trends in Canada so far in
2015," said Randy Wall, President, Canada, Ritchie Bros. "Despite
concerns in the oil and energy sectors we've seen strong results in Western
Canada and now the trend has continued East with our record-breaking auction
this week in Montreal. We had active bidder participation from across Canada
and around the world, both on-site and online, with equipment selling to buyers
from as far away as Italy, Singapore and Australia. Buyers from outside Quebec
purchased approximately 48 per cent of the equipment."

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More than 2,700 equipment items and trucks were sold in the
auction, including 110+ excavators, 50+ compactors, 40+ wheel loaders, 35+
crawler tractors, 130 truck tractors, 260 trailers and more. Sales highlights
included eight Komatsu HD465-7EO rock trucks that sold for $3.3+ million
combined, three Caterpillar D8T crawler tractors that sold for $1.1+ million
combined, and three Komatsu WA500-6 wheel loaders that sold for $780,000
combined. Full auction results are available at rbauction.com with a free
account.

 

"We had an unbelievable selection of equipment and
trucks in this auction, which ended up attracting a record crowd for us here in
Montreal," said Anna Sgro, Senior Vice President (Canada East), Ritchie
Bros. "We would like to thank the more than 500 owners who put their trust
in Ritchie Bros. to sell their equipment in this auction."

 

AUCTION QUICK FACTS: MONTREAL, QC – MARCH 18 – 19, 2015

  • Total Gross Auction Proceeds – $44+ million
  • Amount sold to online bidders – $20+ million
  • Unique bidders (onsite and online total) – 5,800+
  • Unique online bidders – 2,600+
  • Lots sold – 2,700+
  • Number of sellers – 500+

 

The Ritchie Bros. auction calendar at rbauction.com
currently features 125+ unreserved public auctions around the world, including
auctions in Toronto, ON (March 26 – 27); Truro, NS (April 1); Ottawa, ON (April
16); and the Company's next Montreal, QC auction on May 20 – 21, 2015.