Ritchie Bros. Auctioneers conducted its largest two-day auction in its history this week in Edmonton, Alberta, Canada, with more than 5,850 equipment items and trucks selling for more than CDN $95 million (more than U.S. $90 million). Multiple Ritchie Bros. records were set at the auction, including highest gross auction proceeds and most items sold in a two-day auction globally, most items ever sold in a Canadian auction and most sellers ever at any auction globally, the company said.
More than 6,450 bidders from 53 countries, including all Canadian provinces and two territories and 43 U.S. states, registered to bid in person or online for the auction. CDN $63 million of equipment was purchased by Alberta buyers. More than 3,600 bidders participated online and purchased $35 million online.
“This is our fifth Edmonton auction of the year and usually our October auction is our second-biggest sale next to our three-day April auction, but it’s never been this big before,” said Jim Rotlisberger, regional sales manager of Ritchie Bros. Auctioneers. “To sell more than 5,850 equipment items and trucks in two days is unheard of. At this time of the year, many contractors are changing gears — selling off equipment used in the summer and getting new gear for the winter season. In this week’s auction we witnessed strong competition for equipment in all categories from bidders around the world.”
Ritchie Bros. Auctioneers is headquartered in Vancouver, B.C., Canada. More information, plus a complete auction schedule can be obtained from www.rbauction.com.