Canada NewsWire
The October 25 – 28 online event attracted more than 16,500 bidders from 40+ countries
EDMONTON, AB , Oct. 31, 2022 /CNW/ - With its fifth Edmonton, AB auction of the year, Ritchie Bros . attracted more than 16,500 bidders to compete for 10,000+ items, generating CA$99+ million (US$73+ million) in gross transaction value.
Approximately 92% of the equipment in the October 25 – 28 auction was sold to Canadians, including 61% purchased by Albertans. The remaining 8% was purchased by international buyers from as far away as Egypt , Poland , and Vietnam .
"We continue to drive strong global demand for equipment and trucks, resulting in a lot of happy consignors," said Jacen Cowick , Regional Sales Manager, Ritchie Bros . "Today we offer customers more options and flexibility than ever before. Thanks to our innovative online platform, we were able to efficiently sell 3,500+ offsite items right alongside the 7,000+ items on display in our Edmonton yard. Thanks to technology and our hardworking teams, it's easier than ever to sell equipment from anywhere, which is a huge benefit for our customers."
Equipment highlights in the October Edmonton auction included 140+ truck tractors, 85+ excavators, 60+ skid steers, 60+ dozers, 25+ pipelayers, forestry equipment, and more. All items were sold without minimum bids or reserve prices.
Five Big Sellers from Edmonton :
- 2021 John Deere 903M feller buncher – CA$540,000
- 2017 John Deere 290GLC long reach hydraulic excavator – CA$375,000
- 2008 Caterpillar 583T pipelayer – CA$370,000
- 2018 Western Star 4700 6x4 hydro vac truck – CA$335,000
- 2023 Western Star 49X 8x6 sleeper cab & chassis – CA$315,000
AUCTION QUICK FACTS: EDMONTON, AB ( OCTOBER 2022 )
- Gross Transaction Value: CA$99+ million (US$73+ million)
- Items Sold: 10,000+
- Bidders: 16,500+
- Consignors: 1,000+
Ritchie Bros . has more than 60,000 items listed in its upcoming auctions and online events, including our final Edmonton auction of the year in December. For a complete list of events, visit rbauction.com .
About Ritchie Bros .Established in 1958, Ritchie Bros . (NYSE: RBA) (TSX: RBA) is a global asset management and disposition company, offering customers end-to-end solutions for buying and selling used heavy equipment, trucks and other assets. Operating in a number of sectors, including construction, transportation, agriculture, energy, mining, and forestry, the company's selling channels include: Ritchie Bros . Auctioneers , the world's largest industrial auctioneer offering live auction events with online bidding; IronPlanet, an online marketplace with weekly featured auctions and providing the exclusive IronClad Assurance® equipment condition certification; Marketplace-E , a controlled marketplace offering multiple price and timing options; Ritchie List , a self-serve listing service for North America ; Mascus , a leading European online equipment listing service; Ritchie Bros . Private Treaty, offering privately negotiated sales; and sector-specific solutions GovPlanet , TruckPlanet, and Ritchie Bros . Energy . The Company's suite of solutions also includes Ritchie Bros . Asset Solutions and Rouse Services LLC , which together provides a complete end-to-end asset management, data-driven intelligence and performance benchmarking system; SmartEquip , an innovative technology platform that supports customers' management of the equipment lifecycle and integrates parts procurement with both OEMs and dealers; plus equipment financing and leasing through Ritchie Bros . Financial Services. For more information about Ritchie Bros ., visit RitchieBros.com.
Photos and video for embedding in media stories are available at rbauction.com/media .
SOURCE Ritchie Bros .
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