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Ritchie Bros. attracts 17,000+ online bidders for CA$85 million Edmonton, AB auction
Ritchie Bros. attracts 17,000+ online bidders for CA$85 million Edmonton, AB auction ...
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[{"type":"text","content":"\n \n \n \n Ritchie Bros. attracts 17,000+ online bidders for CA$85 million Edmonton, AB auction\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n Tight supply and unprecedented demand driving record-breaking equipment and truck prices\n \n \n \n EDMONTON, AB\n \n ,\n \n Nov. 1, 2021\n \n /CNW/ - Last week\n \n Ritchie Bros\n \n . conducted a three-day auction at its\n \n Edmonton, AB\n \n site, selling 7,600+ equipment items and trucks for 950+ owners and generating CA$85+ million (US$69+ million) in gross transaction value.\n \n \n The\n \n October 26\n \n – 28, 2021 auction attracted 17,700+ online bidders from 61 countries, with approximately 90% of the equipment purchased by Canadians, including 57% sold to\n \n Alberta\n \n buyers. The remaining 10% of the equipment was sold to international buyers from as far away as\n \n Australia\n \n ,\n \n Belgium\n \n , and\n \n New Zealand\n \n .\n \n \n \"We continue to exceed customer expectations with equipment and truck pricing in 2021,\" said\n \n Andrew Lutic\n \n , Regional Sales Manager,\n \n Ritchie Bros\n \n . \"It's not just one asset category either—as we've showcased in our monthly\n \n Market Trends Reports\n \n , pricing is strong across the board right now. Last week in\n \n Edmonton\n \n we sold an unused 2022 Kenworth T880 truck tractor for CA$232,500! We also saw an uptick in demand for oil and gas-specific assets, like boom trucks. It's a seller's market right now and I encourage interested consignors to contact us today to get their surplus equipment featured in one of our many upcoming online events.\"\n \n \n \n Five Big Sellers:\n \n \n \n \n 2018 Kenworth T800 T/A tri-drive w/ Terex Crossover800 boom truck – CA$505,000\n \n (US$407,838)\n \n \n \n 2007 Caterpillar D8T crawler tractor – CA$315,000\n \n (US$254,394)\n \n \n \n 2008 Kobelco CK850 85-ton crawler crane – CA$285,000\n \n (US$230,166)\n \n \n \n 2017 Volvo P7110B asphalt paver – CA$275,000\n \n (US$222,090)\n \n \n \n 2018 Freightliner 122SD tri-drive sleeper ...