News
Ritchie Bros. sells more than $101 million in Edmonton auction

Nov. 13, 2019, Edmonton, Alta. – Ritchie Bros.’ Edmonton team sold more than 8,800 items for 1,100 owners and achieved $101 million in transactions.

More than 12,700 people from 51 countries registered to bid in the October 28 – November 1, 2019 event, including 10,900 online bidders. Approximately 91 per cent of the equipment in the auction was sold to Canadian buyers, with buyers from Alberta purchasing 56 per cent, while international buyers from countries such as Egypt, the Netherlands, and Peru purchased nine percent of the equipment. Online bidders purchased 68 per cent of the equipment.

“We witnessed strong participation from outside of Western Canada on core construction and transportation assets as Alberta companies continue to right size their fleets for current market conditions,” said Brian Glenn, SVP, head of Canadian sales, Ritchie Bros. “We also sold more than $7 million in commercial, residential, and agricultural real estate in this auction, including a 137 acre property in Olds, AB with a home and shop for $1.3 million and a 79 acre hobby farm located near Elk Island Park for $900,000.”

Glenn continued, “We would like to thank all our consignors for trusting Ritchie Bros. to deliver solid results for their assets—whether it be equipment or real estate—by delivering world class marketing and a truly global buying audience.”

One of the big sellers in the auction was Battle Team Holdings, selling a selection of dozers, excavators, and more.

“We’ve been working Ritchie Bros. for years—I have a ton of respect for them and the job they do to ensure our equipment gets the highest prices available on auction day,” said Wayne Battle, president, of Battle Team Holdings. “We are happy with the results achieved on our equipment last week and look forward to continuing our longstanding relationship with the Ritchie Bros. team, whether we are buying or selling.”

Sales highlights included:

• Two 2018 John Deere 950K LGP dozers that sold for a combined $740,000
• A 2018 John Deere 870G LC hydraulic excavator that sold for $700,000
• A 2019 Tigercat X870D feller buncher that sold for $530,000
• A 2005 Madill 2850C log loader that sold for $325,000
• A 2012 Caterpillar 160M2 AWD VHP motor grader that sold for $305,000
• A 2015 Peterbilt 367 tri-drive hydro vac truck that sold for $255,000
• An unused 2015 Kenworth C500 T/A T/A bed truck cab & chassis that sold for CA$250,000