Ritchie Bros. Auctioneers sold more than $57 million-plus of equipment and trucks at its unreserved public auction in Edmonton, Alberta, Dec. 12 - 13, 2013. More than 3,750 equipment items and trucks were sold in the two-day auction, including a large selection of oil and gas, construction, transportation, and other heavy equipment. Every item was sold without minimum bids or reserve prices. Bids were made in person at the Edmonton auction site, online in real time online or by proxy.
"With Edmonton being one of the last auctions conducted in Canada during 2013, we're pleased to announce our Canadian operations surpassed last year's sales record, with over $1 billion in Gross Auction Proceeds this year," said Kevin Tink, senior vice president, Ritchie Bros. Auctioneers. "Our Edmonton site has been the anchor of this achievement with a site record of more than $425 million of equipment and trucks sold in 2013. We are very pleased with the results and would like to extend a big thank you to our buyers and sellers who continue to place their trust in our Canadian team."
Close to 4,700 bidders from 41 countries, including all Canadian provinces and territories and 42 U.S. states, registered to bid in person or online for the Edmonton December auction last week.
Equipment in the auction was sold for 500 plus sellers, including late model crawler tractors, hydraulic excavators, motor graders and compactors for Precision Contractors Ltd., a Lloydminster, AB-based oilfield construction and earthwork contractor.
"People working in our industry rely on Ritchie Bros. auctions—whether they're buying or selling," said Frank Tremmel, senior vice president and general manager for Precision. "We've tried selling equipment with dealers, other auctioneers and even by ourselves, but nothing compares to the convenience of selling with Ritchie Bros. We send our equipment to the auction site ready to work and they take care of the rest. Our relationship with them is excellent, they're professional, accommodating and their marketing program—which is second to none—yields great results."
Auction Quick Facts
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