Ritchie Bros. Conducts Its Largest Canadian Auction

Last week, Ritchie Bros. Auctioneers conducting its largest Canadian equipment auction in Edmonton, Alberta, selling more than $110 million of equipment. More than 5,600 equipment items and trucks were sold in this three-day auction—another new Canadian record for the company. Every item was sold to the highest bidder, regardless of price—without minimum bids or reserve prices. Bids were made in the auction on-site, online in real time at www.rbauction.com, or by proxy.

 

More than 6,900 people from 37 countries, including all 10 Canadian provinces and two territories, registered to bid in person or online in the auction. Bidders from outside Alberta purchased more than $39 million or 35 percent of total gross auction proceeds. Close to 2,300 of the bidders taking part in the auction registered to bid online and purchased more than $39 million of equipment available online—this is a new Canadian record for online gross auction proceeds.

 

The equipment in the auction was sold for close to 800 sellers and included more than 350 surplus items from Willbros Canada—Willbros equipment was made available through its exit from the Canadian cross country pipeline construction business. Willbros Canada continues to provide quality services to the oil-sands industry and is a wholly-owned subsidiary of Willbros Group Inc., a global contractor specializing in energy infrastructure serving the oil, gas and power industries.