Three-day unreserved auction sets new Company record for most
items sold at an auction in Canada
EDMONTON, Oct. 31, 2014 /PRNewswire/ - Ritchie Bros.
Auctioneers (NYSE and TSX: RBA), the world's largest industrial
auctioneer, sold more than CA$109 million (US$98+ million) of heavy
equipment and trucks in Edmonton,
Alberta on October 28 – 30,
2014. The unreserved public auction set new records for most items
ever sold in a Canadian auction (close to 6,700) and 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
CA$70 million (US$62+ million) of equipment and trucks was
purchased by Alberta buyers, while
participants from outside the province purchased CA$39+ million
(US$35+ million) for 36 percent of total gross auction proceeds.
Close to 4,800 of the bidders in the auction participated online
and purchased CA$57+ million (US$51+ million) of equipment.
Equipment in the auction was sold for 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 150 truck tractors, 115+
excavators, 85+ crawler tractors, 40+ wheel loaders, 35+
articulated dump trucks, 20+ agricultural tractors and more.
AUCTION QUICK FACTS: EDMONTON,
ALBERTA – OCTOBER 28 – 30,
2014
- Total Gross Auction Proceeds – CA$109+ million (US$98+
million) *new Canadian record for month of October
- Amount sold to online bidders – CA$57+ million (US$51+
million)
- Total registered bidders (onsite and online total) –
7,600+
- Unique registered online bidders – Close to 4,800
- Total number of buyers – 2,400+
- Total number of online buyers – 1,500+
- Number of lots sold – Close to 6,700 *new Canadian
record
- Number of sellers – 870+
The Ritchie Bros. auction calendar currently features more than
90 unreserved public auctions around the world, including the
Company's next unreserved public auction in Edmonton, Alberta, which is scheduled to take
place December 11 – 12, 2014. Visit
www.rbauction.com for a complete list of upcoming auctions.
About Ritchie Bros.
Established in 1958, Ritchie
Bros. (NYSE and TSX: RBA) is the world's largest seller of used
equipment for the construction, transportation, agriculture,
material handling, energy, mining, forestry, marine and other
industries. Ritchie Bros. TM solutions
make it easy for the world's builders to buy and sell equipment
with confidence, including live unreserved public auctions with
on-site and online bidding (rbauction.com), the
EquipmentOneTM secure online marketplace
(EquipmentOne.com), a professional corporate asset management
program, and a range of value-added services, including equipment
financing for customers through Ritchie Bros. Financial Services
(rbauctionfinance.com). Ritchie Bros. has operations in more than
25 countries, including 44 auction sites worldwide. Learn more at
RitchieBros.com.
ATTENTION MEDIA: Photos and other media resources are
available for use at http://www.rbauction.com/media. Members of the
public and the media can follow Ritchie Bros. on Twitter
@RitchieBros.
SOURCE Ritchie Bros. Auctioneers