Ritchie Bros. sells CA$76+ million of equipment in September Edmonton auction

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[{"type":"text","content":"\n \n \n \n Ritchie Bros. sells CA$76+ million of equipment in September 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 Three-day online event attracted 14,600+ bidders from 46 countries to compete for 8,300+ items\n \n \n \n \n EDMONTON, AB\n \n \n ,\n \n \n Sept. 12, 2022\n \n \n /CNW/ -\n \n Ritchie Bros\n \n . latest\n \n Edmonton, AB\n \n auction included 8,300+ equipment items selling for CA$76+ million (US$58+ million) in gross transaction value, which is a 29% increase over the same event last year.\n \n \n The three-day online event on\n \n September 7\n \n – 9, 2022, attracted more than 14,600 bidders from 46 countries. Approximately 94 percent of the equipment in the unreserved auction was sold to Canadian buyers, including 59 percent sold to Albertans. The remaining six percent of the equipment was sold to international buyers from as far away as\n \n Colombia\n \n ,\n \n India\n \n , and\n \n Ireland\n \n .\n \n \n \"We had a lot of happy consignors, with equipment and trucks bringing strong demand and pricing through all three days of the auction,\" said\n \n Andrew Lutic\n \n , Regional Sales Manager,\n \n Ritchie Bros\n \n . \"Leading up to the event our\n \n Edmonton\n \n site was busy with buyers inspecting items to add to their fleet for upcoming projects. For those that were unable to get the equipment they need for the winter season, we have a ton of upcoming buying opportunities including our next big\n \n Edmonton\n \n auction in late October.\"\n \n \n More than 1,100 consignors sold equipment in the\n \n Edmonton\n \n auction, including a major realignment for Ninkovich Gravel Ltd.\n \n \n \"When you work with Ritchie, you get a company that's thoughtful, considerate, and always looking out for your best interests,\" said\n \n Dave Ninkovich\n \n of Ninkovich Gravel Ltd. \"They provided direction on how to increase the value of my assets at auction and it worked, as we surpassed my original expectations and hit the price I was hoping for.\"\n \n \n \n Five Big Sellers from\n \n Ed...

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