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Ritchie Bros. sells $82 million in Grande Prairie auction

Grande Prairie, Alta. – Ritchie Bros. conducted its largest Grande Prairie, Alta., auction ever and sold almost 5,000 pieces of equipment for $82 million.

A record 12,350 online bidders from 53 countries registered for the November 23 to 26, 2020 event. Approximately 91 per cent of the equipment in the auction was purchased by Canadians, including 52 per cent purchased by Albertans, while international bidders from as far away as Mexico, Romania, and Taiwan purchased nine per cent. Due to COVID-19, the auction was conducted 100 per cent online.

“We saw strong pricing for the construction and transportation equipment in the auction, including 121 excavators sold for $19 million,” said Terry Moon, regional sales manager, Ritchie Bros. “At the end of the auction, we had set new records for lots sold, number of bidders registered, and gross transaction value.”

More than 375 owners consigned equipment to the Grande Prairie auction, including a complete dispersal for TalCan Oilfield Contracting Ltd.

“We are very pleased with the results we achieved in the Grande Prairie auction last week,” said Taud Schall, owner of TalCan Oilfield Contracting. “I was particularly impressed by the work of the auctioneers, who highlighted the care we took with our equipment and did everything they could to get that next bid.”

Sales highlights:

• Three 2019 Komatsu PC490LC-11 hydraulic excavators sold for a combined $1.05 million
• A 2017 John Deere S690 RWA combine sold for $410,000
• A 2015 Kenworth T800 T/A tri-drive w/ Manitex TC700 boom truck sold for $405,000
• A 2018 John Deere 850K LGP dozer sold for $337,500
• A 2018 John Deere 772G AWD motor grader sold for $335,000

Ritchie Bros. currently has more than 75,000 items available in its upcoming auctions. For a complete list of equipment, visit RitchieBros.com.