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Ritchie Bros. sells CA$82+ million of equipment in record-breaking Grande Prairie auction
Ritchie Bros. sells CA$82+ million of equipment in record-breaking Grande Prairie auction...
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[{"type":"text","content":"\n \n \n \n Ritchie Bros. sells CA$82+ million of equipment in record-breaking Grande Prairie 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 GRANDE PRAIRIE, AB, Nov. 30, 2020\n \n \n \n \n \n November 23\n \n – 26 auction sets new site records for GTV, lots sold, and number of bidders\n \n \n \n \n \n GRANDE PRAIRIE, AB\n \n ,\n \n Nov. 30, 2020\n \n /CNW/ - Last week\n \n Ritchie Bros\n \n . conducted its largest\n \n Grande Prairie, AB\n \n 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.\n \n \n \n \n \n \n \n \n \n A record 12,350+ online bidders from 53 countries registered for the\n \n November 23\n \n – 26, 2020,\n \n Grande Prairie\n \n 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\n \n Mexico\n \n ,\n \n Romania\n \n , and\n \n Taiwan\n \n purchased nine percent. Due to COVID-19, the auction was conducted 100% online.\n \n \n \"With 4,900+ items to sell, we set up our first-ever, four-day\n \n Grande Prairie\n \n auction and the results were record breaking,\" said\n \n Terry Moon\n \n , Regional Sales Manager,\n \n Ritchie Bros\n \n . \"We saw strong pricing for the construction and transportation equipment in the auction, including 121\n \n excavators\n \n 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.\"\n \n \n Leading up to the auction, buyers flocked to the company's website to check out the equipment selection. On rbauction.com, the\n \n Grande Prairie\n \n webpage received more than 582,000 unique page views, with 57,000 items added to customer personal watch lists.\n \n \n Mr. Moon continued, \"We also sold a large selection of pipeline equipment in this auction, including 80+\n \n pipelayers\n \n . One of these pipelayers, consigned by NTL Pipe...