Ritchie Bros. Edmonton auction nets $72 million in sales

Ritchie Bros.’s third Edmonton auction of the year sold more than 7,400 equipment items and trucks for more than $72 million.

More than 10,100 people from 49 countries registered to bid in the June 20–22 event, including more than 8,300 online bidders.

About 89 per cent of the equipment in the Edmonton auction was sold to Canadian buyers, with buyers from Alberta purchasing 59 per cent, while international buyers from countries such as Australia, Greece, and the United Kingdom purchased 11 per cent of the equipment. Online bidders purchased about 70 per cent of the equipment sold, generating more than $51 million.

“We continue to see strong attendance for our Edmonton auctions in 2019,” said Brian Glenn, senior vice president and head of Canadian sales for Ritchie Bros.

“Oilfield transportation equipment, which was the key component to our Edmonton June event, performed very well this week. However, as the landscape for construction projects continues to change in Western Canada, we did see a moderate level of pricing pressure on certain equipment categories.”

Glenn noted Ritchie Bros. is confident that as the Alberta oil and gas market gets moving again heading into fall, the landscape for its customer base will improve and demand for used equipment will continue to rise.

Equipment and trucks were sold in the Edmonton auction for more than 1,100 owners, including a complete dispersal of 150 items for Dynamic Heavy Haul Ltd., a premier rig moving and heavy haul provider with operations in Saskatchewan and Alberta.  

“Ritchie Bros. sets the standard in the auction industry,” said Eric Eckert, president of Dynamic Heavy Haul. “We’ve bought and sold with them many times in the past and they are always helpful and professional, taking care of all the little important details. The exposure they provide our equipment is massive and we are pleased with the results achieved last week.”

Edmonton auction highlights:

  • Two unused 2018 Western Star 4700SB hydro vac trucks sold for a combined $802,500. 
  • Two 2012 Volvo A30F 6×6 articulated dump trucks sold for a combined $407,500.
  • A 2014 Kenworth C500 T/A T/A 385-in. WB bed truck sold for $275,000. 
  • A 2013 Caterpillar D6N LGP dozer sold for $270,000. 
  • A 2013 Kenworth C500 T/A tri-drive w/ Weldco WHL45TC100 boom truck sold for $230,000. 
  • A 2013 Kenworth C500 T/A Texas bed winch tractor sold for $190,000. 
  • A 2008 Claas Jaguar 830 forage harvester sold for $180,000. 
  • A 2017 Doepker Rockr 31-ft. super b-train lead side-dump trailer sold for $124,000.
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