Ritchie Bros. Sells 12,300+ items in Edmonton, AB auction



Ritchie Bros. sold over 12,300 equipment items and trucks for CA$207+ million ($154+ million) during its massive five-day auction in Edmonton, AB.

A record 17,600+ bidders from 59 countries registered to participate in the April 30 – May 4, 2019 auction, including 13,500+ online bidders. Approximately 86% of the equipment in the auction was sold to Canadian buyers, with buyers from Alberta purchasing 52%, while international buyers from countries such as China, Poland, and the United Kingdom purchased 14% of the equipment. Online bidders purchased approximately 65% of the equipment.

“We had a great live event in Edmonton last week, setting new company records for number of bidders and sellers,” said Brian Glenn, senior vice president, head of Canadian Sales at Ritchie Bros. “Despite a long and challenging winter for many companies across Western Canada, we witnessed positive pricing across all equipment categories. Oilfield transportation was a big feature of the auction; supported by strong out-of-country participation, we delivered very solid returns for consignors. Core construction assets also performed well as Canadian companies continue to adjust to market conditions and upgrade their fleets. We would like to thank all the sellers and buyers participating in last week’s auction.”

Glenn continued, “On top of the 12,300 plus items sold in our live event, we also sold several million-dollars-worth of assets through a special Edmonton online Marketplace-E event. With ‘Make Offer’ and ‘Buy Now’ formats this event gave our Canadian sellers additional controls over the selling price and process, while providing buyers even more equipment to choose from. Some big-ticket items already sold through the event include a 2011 Terex-Demag AC200-1 all-terrain crane that sold for CA$820,000 and two Junttan pile hammers that sold for CA$755,000 each.”

A record 1,500+ owners sold equipment in the Edmonton live auction, including a complete dispersal of 300+ assets for Harpoon Energy, a Red Deer, AB-based oilfield surface rental company.

“Ritchie Bros.’ Edmonton April auction is the best Canadian sale of the year and I’m very pleased with the results we achieved this week,” said Dave Roberts, owner of Harpoon Energy. “When you team good quality equipment with Ritchie Bros.’ extensive pool of customers, you are going get market value or better for your assets and cash in hand in three weeks. Ritchie Bros. makes it easy.”

The special Edmonton Marketplace-E event, which started on April 16 and features many high-value items, is still ongoing.

Ritchie Bros. currently has more than 50,000 equipment items, trucks, and other assets listed for sale across all its auctions and marketplaces.

Established in 1958, Ritchie Bros. is a global asset management and disposition company, offering customers end-to-end solutions for buying and selling used heavy equipment, trucks and other assets.


Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com