Ritchie Bros. latest Edmonton, Alberta, Canada, auction included more than 8,300 equipment items selling for more than CA$76+ million (more than US$58 million) in gross transaction value, which is a 29% increase over the same event last year.
The three-day online event on Sept. 7–9, attracted more than 14,600 bidders from 46 countries. Approximately 94% of the equipment in the unreserved auction was sold to Canadian buyers, including 59% sold to residents of Alberta. The remaining 6% of the equipment was sold to international buyers from as far away as Colombia, India and Ireland.
“We had a lot of happy consignors, with equipment and trucks bringing strong demand and pricing through all three days of the auction,” said Andrew Lutic, regional sales manager, Ritchie Bros. “Leading up to the event our Edmonton site was busy with buyers inspecting items to add to their fleet for upcoming projects. For those that were unable to get the equipment they need for the winter season, we have a ton of upcoming buying opportunities including our next big Edmonton auction in late October.”
More than 1,100 consignors sold equipment in the Edmonton auction, including a major realignment for Ninkovich Gravel Ltd.
“When you work with Ritchie, you get a company that’s thoughtful, considerate, and always looking out for your best interests,” said Dave Ninkovich of Ninkovich Gravel Ltd. “They provided direction on how to increase the value of my assets at auction and it worked, as we surpassed my original expectations and hit the price I was hoping for.”
Five big sellers from the auction were:
- 2017 Komatsu D155AXI-8 dozer – CA$400,000 (US$304,040).
- 2014 Kenworth C500 National NBT45TM 45-ton straight boom truck – CA$357,500 (US$271,736).
- 2015 Caterpillar 740BEJ ejector articulated dump truck – CA$325,000 (US$247,033).
- 2014 Caterpillar 349FL hydraulic excavator – CA$265,000 (US$201,427).
- 2013 Peterbilt 367 2012 vacuum industrial on 8×6 hydro vac truck – CA$260,000 (US$197,626).