Ritchie Bros’ fourth auction of the year at its Edmonton site sold close to 10,000 equipment items and trucks for more than $91 million throughout the for-day event.
The September 9 to 12 auction attracted more than 16,000 bidders from 49 countries, which is an increase of 11 per cent compared to the same auction last year.
The auction was conducted exclusively online, with Canadian online bidders purchasing 91 per cent of the equipment, including 54 per cent purchased by Alberta buyers.
International buyers from as far away as Ireland, India and Singapore purchased 9 per cent of the machines at the auction.
“We continue to attract record numbers of bidders in 2020, resulting in strong pricing across most equipment categories in last week’s Edmonton auction,” said Andrew Lutic, regional sales manager for Ritchie Bros.
“Thank you to all the consignors for putting your trust in Ritchie Bros. to deliver results during these unprecedented times. It’s a responsibility we take very seriously.”
Equipment in the auction was sold for more than 1,200 owners, including a selection of oilfield hauling equipment for the Nisku, Alberta-based company Fox Transport Inc.
“Ritchie Bros. is the best place to disperse your inventory because of the breadth and depth of bidders their auctions attract,” said Chris Cassin, president of Fox Transport Inc.
“We’ve built a strong relationship with the team at Ritchie Bros. over the years. They’re quick to respond, and always supportive and respectful. We wouldn’t hesitate to work with them again.”
Edmonton auction highlights
- Total gross transactional value: CDN$91+ million
- Total registered bidders: 16,000+
- Total lots sold: 9,980+
- Number of consignors: –1,200+
Ritchie Bros. has more than 70,000 equipment items and trucks available in its upcoming events, including the company’s next Edmonton auction scheduled for October 28 to 30.