Ritchie Bros.’ Edmonton Auction Sells Nearly 10,000 items for US$69 Million

Ritchie Bros.

With its fourth auction of the year, Ritchie Bros.' Edmonton site sold close to 10,000 equipment items and trucks for US$69+ million over four days.

The Sept. 9-12, 2020, auction attracted more than 16,000 bidders from 49 countries, 11% more than the same auction last year.

The auction was conducted exclusively online, with Canadian online bidders buying 91% of the equipment, including 54% purchased by Alberta buyers. International buyers from as far away as Ireland, India, and Singapore purchased 9% of the equipment.

"We continue to attract record numbers of bidders in 2020, resulting in strong pricing across most equipment categories in last week's Edmonton auction," said Andrew Lutic, regional sales manager, Ritchie Bros. "Thank you to all the consignors for putting your trust in Ritchie Bros. to deliver results during these unprecedented times. It's a responsibility we take very seriously."

Equipment in the auction was sold for 1,200+ owners, including a selection of oilfield hauling equipment for Fox Transport Inc., Nisku, Alberta.

"Ritchie Bros. is the best place to disperse your inventory because of the breadth and depth of bidders their auctions attract," said Chris Cassin, president of Fox Transport Inc. "We've built a strong relationship with the team at Ritchie Bros. over the years. They're quick to respond, and always supportive and respectful. We wouldn't hesitate to work with them again."

AUCTION QUICK FACTS: EDMONTON, AB (SEPTEMBER 2020)

  • Total gross transactional value – CA$91+ million (US$69+ million)
  • Total registered bidders – 16,000+
  • Total lots sold – 9,980+
  • Number of consignors – 1,200+

Ritchie Bros. has more than 70,000 equipment items and trucks available in its upcoming events, including the company's next Edmonton auction scheduled for Oct. 28-30, 2020. For more information, visit RitchieBros.com.