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Ritchie Bros. Sells Millions at Auctions in Alberta, Texas Last week

Ritchie Bros. Auctioneers, Vancouver, British Columbia, sold millions of dollars of heavy equipment and trucks at its unreserved public auctions last week, including a $49 million auction in Edmonton, Alberta, and a $41 million auction in Houston, Texas, as well as a grand opening auction in Chehalis, Wash. Bids were made at the auctions on-site, online in real time at and by proxy.


than 4,500 people from 38 countries registered to bid in person or online in the two-day unreserved auction in Edmonton on June 13 and 14. The auction featured more than 4,100 heavy equipment items and trucks and generated gross auction proceeds in excess of $49 million.


"The equipment market in Edmonton has been very strong in 2012, and based on auction results this week it is showing no signs of slowing down anytime soon," said Jim Rotlisberger, regional sales manager, Ritchie Bros. Auctioneers. "Alberta is well-known for its mining and oilfield industry, and we have seen particularly strong results on late-model, low-hour equipment for both of those industries."


Ritchie Bros. also conducted an unreserved public auction at its permanent auction site in Houston on June 12 and 13, selling more than $41 million of heavy equipment and trucks over two days.


"We sold more than 3,100 equipment items and attracted bidders from more than 50 countries which resulted in strong competition throughout the auction," said Alan McVicker, Ritchie Bros. regional sales manager. "This auction—our third of 2012—featured one of the best selections of oilfield transport and heavy haul equipment we have ever offered, including more than 150 truck tractors, 80 lowboys, 50 winch tractors, and more. Pricing in the auction was strong on all these equipment types and for the good quality construction equipment that was sold in this sale. The oilfield industry items were an auction highlight—they attracted bids from every corner of the world."


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