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Equipment News Heavy Equipment
Ritchie Bros. sells 10,000 items in Edmonton heavy equipment auction

Four-day September auction attracted more than 16,000 bidders from 49 countries—up 11 per cent from 2019


September 14, 2020
By Rock to Road

Topics
Auction in Edmonton, Alta. Photo courtesy of Ritchie Bros.

Edmonton – With its fourth auction of the year, Ritchie Bros.’ Edmonton site sold close to 10,000 equipment items and trucks for $91 million over four days.

The auction attracted more than 16,000 bidders from 49 countries, which is up 11 per cent from the same auction last year. The auction was conducted exclusively online, with Canadian online bidders purchasing 91 per cent of the equipment, including 54 per cent purchased by Alberta buyers. International buyers from as far away as Ireland, India, and Singapore purchased nine per cent of the equipment.

“We continue to attract record numbers of bidders in 2020, resulting in strong pricing across most equipment categories in last week’s Edmonton auction,” said Andrew Lutic, regional sales manager, Ritchie Bros. “Thank you to all the consignors for putting your trust in Ritchie Bros. to deliver results during these unprecedented times. It’s a responsibility we take very seriously.”

Equipment in the auction was sold for more than 1,200 owners, including a selection of oilfield hauling equipment for the Nisku, Alta.-based company Fox Transport Inc.

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  • Total gross transactional value – $91 million
  • Total registered bidders – 16,000
  • Total lots sold – 9,980
  • Number of consignors – 1,200

Ritchie Bros. has more than 70,000 equipment items and trucks available in its upcoming events, including the company’s next Edmonton auction scheduled for October 28-30, 2020. For more information, visit RitchieBros.com.