Business
Ritchie Bros. sells CA$197+ million of equipment in massive six-day Edmonton auction
Ritchie Bros. sells CA$197+ million of equipment in massive six-day Edmonton auction ...
About this update from Rb Global, Inc.
[{"type":"text","content":"\n \n \n \n Ritchie Bros. sells CA$197+ million of equipment in massive six-day Edmonton 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 The record-setting 13,600+ items sold attracted 28,700+ bidders and 1.8+ million equipment views\n \n \n \n \n \n \n /CNW/ - Ritchie Bros.' operational prowess and online expertise were on full display last week in\n \n Alberta\n \n , as the company sold a record-setting 13,600+ items over six days for CA$197+ million (US$162+ million). The\n \n May 3\n \n – 8, 2021 auction attracted 28,700+ online bidders from 70+ countries—surpassing the previous company record, set in\n \n Edmonton\n \n last May, by 22 percent.\n \n \n \n EDMONTON\n \n ,\n \n May 10, 2021\n \n \"Auction after auction we continue to drive record demand, and our\n \n Edmonton\n \n event proved that if you have equipment to sell, we have lots of eager buyers waiting,\" said\n \n Trent Vandenberghe\n \n , Regional Sales Manger,\n \n Ritchie Bros\n \n . \"We saw particularly strong pricing last week in\n \n Edmonton\n \n for earthmoving equipment, with skid steers, multi-terrain loaders, excavators, motor scrapers, and dozers leading the way. It's a seller's market right now and we have a ton of great consignment options available, with hybrid onsite/online auctions, weekly online featured events, and Marketplace-E.\"\n \n \n Approximately 92% of the equipment in the\n \n Edmonton\n \n May auction was sold to buyers in\n \n Canada\n \n , including 53% sold to\n \n Alberta\n \n , 15% to\n \n British Columbia\n \n , and 9% to\n \n Saskatchewan\n \n . The remaining 8% of the equipment was sold to International buyers from as far away as\n \n Belgium\n \n ,\n \n Chile\n \n ,\n \n India\n \n , and\n \n Thailand\n \n . With 100% online bidding, customers completed more than 1.8 million equipment views—up 64% from May 2020—and made 30,000+ PriorityBids in the\n \n Edmonton\n \n sale.\n \n \n Five Big Sellers:\n \n \n \n 2013 Caterpillar 627H motor scraper – CA$475,000\n \n (US$386,698)\n \n...