RER Magazine

SUBSCRIBE NOW!

Newsletters

SUBSCRIBE NOW!

 

Blog

Newsletters

Stay up-to-date on the latest marketing intelligence and opportunities.

RER Reports RER ProductWire
Subscribe

Issue Archive

Event Calendar

The Rental Show– New Orleans, LA
February 6-8, 2012

» More events and information

Social Media

More ways to stay informed...

  

follow us on twitter

Find us on Facebook


Ritchie Bros. Edmonton Auction Grosses $43 Million

Ritchie Bros. Auctioneers, the world’s largest industrial and construction equipment auction company, conducted a CA$43 million (about U.S. $42.7 million) two-day unreserved public equipment auction in Edmonton, Alberta, Canada, Dec. 9 and 10. On the 9th, Ritchie also conducted four other auctions — Atlanta, Chicago, Olympia, Wash., and St. Aubin sur Gaillon, France, giving the company more than U.S. $27 million in auction sales online in a single day.

“December 9 was a huge day for both online and on-site participation with five auctions in three countries,” said Bob Armstrong, Ritchie’s chief operating officer.

The two-day Edmonton auction attracted more than 4,400 registered bidders from 27 countries, including 34 U.S. states and all 10 Canadian provinces and three territories. More than 2,000 online bidders competed with the onsite bidders, purchasing more than CA$14 million (U.S. $13.9 million) or 32 percent of equipment.

The Edmonton auction was the company’s sixth and final Edmonton auction of the year, generating more than CA$284 million (about U.S. $280 million) in gross auction proceeds in 2010.

Ritchie Bros. Auctioneers is based in Vancouver, B.C., Canada and can be accessed online at www.rbauction.com.

Want to use this article? Click here for options!
© 2012 Penton Media Inc.


Acceptable Use Policy
blog comments powered by Disqus

most recent story

popular articles

Popular Articles

Recent Comments

Stock Block

Buyers Guide

Buyers Guide

The RER Industry Directory is the resource buyers like yourself rely on when looking for up-to-date information on the products or services you are searching for.

Learn More
Sourcebook

Rental Rate Guide

Rental Rate Guide 2012

Want to know how much equipment is renting for these days? Find out in RER's original 2012 Rental Equipment Rate Guide.

Learn MoreAdd to Shopping Cart
Sourcebook