News
Ritchie Bros. sells over $59 million of equipment in Edmonton

Edmonton – Ritchie Bros. sold over 5,000 pieces of equipment and trucks at an auction in Edmonton, Atla., for more than $59 million combined.

Close to 11,500 bidders from 50 countries registered to participate in the February 25 – 27 auction—up approximately 12 per cent from the same auction last year. Approximately 92 per cent of the equipment in the auction was sold to Canadian buyers, with buyers from Alberta purchasing 49 per cent, while international buyers from countries such as China, Switzerland, and Australia purchased eight per cent of the equipment. Approximately 70 per cent of the equipment in the auction was sold to online buyers, with 25 per cent of online purchases made through Ritchie Bros.’ mobile app.

“We once again set a new bidder record for our February sale and as a result saw strong pricing throughout the auction, particularly for the low-hour/kilometer assets in the sale,” said Trent Vandenberghe, regional sales manager, Ritchie Bros. “We are so proud that consignors continue to put their trust in us to deliver the results they need for their business. We are already building well for our big five-day sale in late April, with packages of heavy construction and aggregate/crushing equipment from Parkland Pipeline and Oil Berta Cats Ltd. We encourage interested sellers to contact us today, so we have as much time as possible to market their equipment to the world.”

More than 650 owners sold equipment in the auction, including Paradise Trucking Ltd., which sold over 50 items as part of a complete dispersal.

“I’ve bought trucks and equipment from Ritchie Bros. lots over the years, so it made sense to use them for my retirement dispersal,” said Walter Bida, owner and president, Paradise Trucking Ltd. “Their global reach is so important to achieving good returns—I had equipment sell to Saskatchewan and even Texas. I would strongly recommend Ritchie Bros. to anyone looking to sell. They provide great service and great results.”

Specific sales highlights included:

• A 2019 Tigercat 635G 6×6 grapple skidder that sold for $490,000
• A 2015 Kenworth C500 T/A T/A 380-in. WB bed truck that sold for $410,000
• A 2014 Kenworth C500 T/A tri-drive w/ Weldco WHL45TC100 boom truck that sold for $400,000
• A 2014 Elrus 20X54JSP-ELR portable jaw crushing plant that sold for $380,000
• A 2017 Hitachi ZX470LC-5B VG hydraulic excavator that sold for $315,000

Auction quick facts:

• Total gross transactional value – $59 million
• Amount sold to online bidders – $42 million
• Total registered bidders (in person and online) – Close to 11,500
• Registered online bidders – 9,750
• Total lots sold – 5,000
• Number of sellers – 650

Ritchie Bros. currently has more than 70,000 equipment items, trucks, and other assets listed for sale through its auctions and marketplaces. For a complete list of upcoming auctions and equipment available, visit rbauction.com and ironplanet.com