Ritchie Bros. Sells $76MM in Equipment at Edmonton Auction



Just seven weeks after selling 10,700+ items, Ritchie Bros.’ Edmonton team sold another 8,800+ items for 1,100+ owners, seeing C$101+ million ($76+ million) in gross transactional value.

More than 12,700 people from 51 countries registered to bid in the October 28 – November 1, 2019 event, including 10,900+ online bidders. Approximately 91% of the equipment in the auction was sold to Canadian buyers, with buyers from Alberta purchasing 56%, while international buyers from countries such as Egypt, the Netherlands, and Peru purchased nine percent of the equipment. Online bidders purchased 68% of the equipment.

“We witnessed strong participation from outside of Western Canada on core construction and transportation assets as Alberta companies continue to right size their fleets for current market conditions,” said Brian Glenn, senior vice president, head of Canadian Sales, Ritchie Bros. “We also sold more than $7 million in commercial, residential, and agricultural real estate in this auction, including a 137± acre property in Olds, AB with a home and shop for $1.3 million and a 79± acre hobby farm located near Elk Island Park for $900,000.”

Glenn continued, “We would like to thank all our consignors for trusting Ritchie Bros. to deliver solid results for their assets—whether it be equipment or real estate—by delivering world class marketing and a truly global buying audience.”

One of the big sellers in the auction was Battle Team Holdings, selling a selection of dozers, excavators, and more.

“We’ve been working Ritchie Bros. for years—I have a ton of respect for them and the job they do to ensure our equipment gets the highest prices available on auction day,” said Wayne Battle, president of Battle Team. “We are happy with the results achieved on our equipment last week and look forward to continuing our longstanding relationship with the Ritchie Bros. team, whether we are buying or selling.”

Ritchie Bros. currently has more than 55,000 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.


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