Ritchie Bros. Sells $134MM Worth of Equipment at Edmonton Auction



This year’s Ritchie Bros. Edmonton, Canada auction attracted 13,800 people from more than 60 countries, as 8,650 items were sold over four days (April 25 – 28, 2017) for C$184 million ($134 million).

Approximately 66% of the bidders in the auction registered to participate online and purchased more than C$105 million ($77 million) of the equipment. Canadian buyers purchased 86% of the equipment, including 50% bought by Albertans. International buyers purchased 14%, from such countries as Finland, New Zealand and Japan.

“As activity levels are picking up in the Alberta market, and spring work projects get underway, we witnessed huge crowds and positive pricing across all equipment categories this week at our four-day Edmonton auction,” said Brian Glenn, senior vice president of Ritchie Bros. “Western Canadian buyers outpaced all others, demonstrating brewing confidence in the oil and gas sector. Last week’s auction was a display of best-in-class customer service, as the team in Edmonton delivered solid returns for the hundreds of consignors who put their trust in Ritchie Bros.”

Equipment in the auction was sold for 1,190 owners, which was a new site record. Highlights included 235 excavators, 230 compactors, 145 bulldozers, 85 loaders, 70 articulated dump trucks, 55 motor graders, more than 40 agricultural tractors, 140 dump trucks, 135 flatbed trucks, 90 boom trucks, 50 winch tractors, 180 aerial work platforms, 250 truck tractors, 935 trailers and 315 pickup trucks.


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