November 23 – 26 auction sets new
site records for GTV, lots sold, and number of bidders
GRANDE PRAIRIE, AB,
Nov. 30, 2020 /CNW/ - Last week
Ritchie Bros. conducted its largest
Grande Prairie, AB auction ever,
selling 4,900+ equipment items for CA$82+ million (US$63+
million)—surpassing the previous gross transaction value (GTV)
record by 32 percent.
A record 12,350+ online bidders from 53 countries registered for
the November 23 – 26, 2020,
Grande Prairie event.
Approximately 91 percent of the equipment in the auction was
purchased by Canadians, including 52 percent purchased by
Albertans, while international bidders from as far away as
Mexico, Romania, and Taiwan purchased nine percent. Due to
COVID-19, the auction was conducted 100% online.
"With 4,900+ items to sell, we set up our first-ever, four-day
Grande Prairie auction and the
results were record breaking," said Terry
Moon, Regional Sales Manager, Ritchie Bros. "We saw strong pricing for the
construction and transportation equipment in the auction, including
121 excavators sold for $19+ million! At the end of the auction we
had set new records for lots sold, number of bidders registered,
and gross transaction value."
Leading up to the auction, buyers flocked to the company's
website to check out the equipment selection. On rbauction.com, the
Grande Prairie webpage received
more than 582,000 unique page views, with 57,000 items added to
customer personal watch lists.
Mr. Moon continued, "We also sold a large selection of pipeline
equipment in this auction, including 80+ pipelayers. One of these
pipelayers, consigned by NTL Pipelines, was painted pink and sold
for $245,000 in the auction. All
proceeds from the sale of the pink pipelayer have been generously
donated by NTL's owner, John
Neudorf, to a charity made in his late sister's name: the
Community Foundation of Northwest Alberta Eva Marie Fund. We are
glad we could help."
More than 375 owners consigned equipment to the Grande Prairie auction, including a complete
dispersal for TalCan Oilfield Contracting Ltd.
"I certainly miss attending the auction in person and chatting
with all my friends in the industry, but Ritchie Bros. sure has made buying and selling
online easy," said Taud Schall,
Owner of TalCan Oilfield Contracting. "We are very pleased with the
results we achieved in the Grande
Prairie auction last week. I was particularly impressed by
the work of the auctioneers, who highlighted the care we took with
our equipment and did everything they could to get that next bid.
I'd also like to thank my sales rep, who was always willing to go
the extra mile. Thank you, Ritchie
Bros."
Sales highlights:
- Three 2019 Komatsu PC490LC-11 hydraulic excavators sold for a
combined CA$1.05 million
- A 2017 John Deere S690 RWA combine sold for CA$410,000
- A 2015 Kenworth T800 T/A tri-drive w/ Manitex TC700 boom truck
sold for CA$405,000
- A 2018 John Deere 850K LGP dozer
sold for CA$337,500
- A 2018 John Deere 772G AWD motor grader sold for
CA$335,000
AUCTION QUICK FACTS: GRANDE
PRAIRIE, AB (NOVEMBER
2020)
- Gross Transaction Value (GTV): CA$82+ million (US$63+ million)
*32% increase over previous record auction in Mar. 2016
- Total Number of Lots: 4,900+
- Total Registered Bidders: 12,350+
- Total Number of Consignors: 375+
Ritchie Bros. currently has more
than 75,000 items available in its upcoming auctions. For a
complete list of equipment, visit RitchieBros.com.
About Ritchie
Bros.:
Established in 1958, Ritchie Bros. (NYSE and TSX: RBA) is a global
asset management and disposition company, offering customers
end-to-end solutions for buying and selling used heavy equipment,
trucks and other assets. Operating in a number of sectors,
including construction, transportation, agriculture, energy, oil
and gas, mining, and forestry, the company's selling channels
include: Ritchie
Bros. Auctioneers, the world's largest industrial
auctioneer offers live auction events with online bidding;
IronPlanet, an online marketplace with featured weekly auctions and
providing the exclusive IronClad Assurance® equipment
condition certification; Marketplace-E, a controlled marketplace
offering multiple price and timing options; Mascus, a
leading European online equipment listing service; and Ritchie Bros. Private Treaty, offering privately
negotiated sales. The company's suite of multichannel sales
solutions also includes Ritchie
Bros. Asset Solutions, a complete end-to-end asset
management and disposition system. Ritchie
Bros. also offers sector-specific solutions including
GovPlanet, TruckPlanet, and Kruse Energy, plus equipment
financing and leasing through Ritchie
Bros. Financial Services. For more information about
Ritchie Bros., visit
RitchieBros.com.
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available at rbauction.com/media.
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SOURCE Ritchie Bros.