Ritchie Bros. October 2014 Edmonton Auction Sets Records

Ritchie Bros. Auctioneers set another company record in 2014 when it sold approximately 6,700 items at its Oct. 28-30 auction in Edmonton, Alberta.

Those sales amounted to the most items ever sold at a Canadian auction and generated more than US$98 million (CA$109 million) also the most gross auction proceeds generated by an auction held in Canada in October.

“With companies turning over or upgrading their fleets for the winter season, our October auction is traditionally our second-largest sale of the year,” said Jim Rotlisberger, regional sales manager, Ritchie Bros. Auctioneers. “This year we’re on track to sell more equipment in Edmonton than ever before. We’ve sold more than 28,200 equipment items and trucks in five auctions and we still have one more sale in December. With our final Edmonton sale only six weeks away we are already accepting consignments.”

More than 7,600 bidders from 54 countries, including all Canadian provinces and territories, as well as 45 U.S. states, registered to bid in person or online for the auction. More than US$62 million(CA$70 million) of equipment and trucks was purchased by Alberta buyers, while participants from outside the province purchased more than US$35 million (CA$39 million) for 36 percent of total gross auction proceeds.

Close to 4,800 of the bidders in the auction participated online and purchased more than US$51 million (CA$57 million) of equipment.

Equipment in the auction was sold for more than 870 sellers, including late-model truck tractors and tank trailers for AC Dow Trucking Ltd., a Lloydminster, AB-based fluid transportation company getting out of the business after 36 years.

“I’ve purchased items at Ritchie Bros. over the past 15 years, but this was the first time I’ve ever sold with them and I’m pleased with the results,” said Barry Dow, president of AC Dow Trucking Ltd. “There was a large crowd at the auction this week and bidders were very active, especially on the trucks. Ritchie Bros. does a great job of advertising and their team always provides excellent service.”

The October auction featured, among other things, 150 truck tractors, more than 115 excavators, more than 85 crawler tractors, more than 40 wheel loaders, more than 35 articulated dump trucks and more than 20 agricultural tractors.

The Ritchie Bros. auction calendar features more than 90 unreserved public auctions around the world, including the Company’s next unreserved public auction in Edmonton, Alberta, scheduled to take place Dec. 11– 12, 2014.

Visit rbauction.com for a complete list of upcoming auctions.