Ritchie Bros. Generates More Than $73MM at Edmonton Auction

Ritchie Bros. attracted more than 16,500 bidders to compete for more than 10,000 items, generating more than C$99+ million ($73 million) in gross transaction value at its fifth Edmonton, AB, auction of the year.

About 92% of the equipment in the Oct.25 – 28 auction was sold to Canadians, including 61% purchased by Albertans. The remaining 8% was purchased by international buyers from as far away as Egypt, Poland and Vietnam.

“We continue to drive strong global demand for equipment and trucks, resulting in a lot of happy consignors,” Jacen Cowick, regional sales manager, at Ritchie Bros., said “Today we offer customers more options and flexibility than ever before. Thanks to our innovative online platform, we were able to efficiently sell more than 3,500 offsite items right alongside the 7,000+ items on display in our Edmonton yard. Thanks to technology and our hardworking teams, it’s easier than ever to sell equipment from anywhere, which is a huge benefit for our customers.”

Equipment highlights in the Oct. Edmonton auction included more than 140 truck tractors, more than 85 excavators, more than 60 skid steers, more than 60 dozers, more than 25 pipelayers, forestry equipment and more. All items were sold without minimum bids or reserve prices.

Top Five Sellers from Edmonton:

  • 2021 John Deere 903M feller buncher – C$540,000
  • 2017 John Deere 290GLC long reach hydraulic excavator – C$375,000
  • 2008 Caterpillar 583T pipelayer – C$370,000
  • 2018 Western Star 4700 6×4 hydro vac truck – C$335,000
  • 2023 Western Star 49X 8×6 sleeper cab & chassis – C$315,000

Auction Quick Facts: Edmonton, AB (October 2022)

  • Gross Transaction Value: C$99+ million ($73+ million)
  • Items Sold: 10,000+
  • Bidders: 16,500+
  • Consignors: 1,000+

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