In its first ever, five-day auction in September, Ritchie Bros. sold 10,700+ equipment items for C$101+ million ($76+ million) at its site in Edmonton, AB.

More than 14,350 people from 49 countries registered to bid in the September 10 – 14, 2019 event, including 11,600+ online bidders. Approximately 90% of the equipment in the auction was sold to Canadian buyers, with buyers from Alberta purchasing 58%, while international buyers from countries such as Australia, Germany, and Thailand purchased 10% of the equipment. Online bidders purchased approximately 74% of the equipment.

“With a massive selection of equipment, we saw GTV increase 29% year over year with last week’s auction,” said Brian Glenn, SVP, head of Canadian Sales, Ritchie Bros. “There continues to be uncertainty in the western Canadian oil and gas and related construction markets, resulting in companies realigning or ‘right-sizing’ their fleets based on current work projections. We would like to thank all our sellers for trusting us to get them the best possible return for their surplus assets.”

Approximately 1,150+ owners sold equipment in the Edmonton auction, including a realignment for Laurlee Energy Services, a Nisku, AB-based oilfield equipment transportation company.

“It was another positive auction for us,” said Laurie Ryan, owner and president of Laurlee Energy Services. “Ritchie Bros. has proven their ability to bring in buyers from all over—a couple of my pieces this week sold to a buyer in the U.S. Their marketing is unmatched in the industry and their staff is professional from start to finish. They really are the entire package.”

Sales highlights included:

• A 2019 Komatsu PC490LC-11 hydraulic excavator sold for C$480,000 ($361,920)
• A 2011 Caterpillar 16M VHP motor grader sold for C$475,000 ($358,150)
• A 2013 Caterpillar D6T LGP w/ 72H hydraulic pipelayer sold for C$405,000 ($305,370)
• A 2018 Rubble Master 90GO crawler impact crusher sold for C$380,000 ($286,520)
• A 2012 Kenworth C500 T/A tri-drive w/ National NBT45TM boom truck sold for C$325,000 ($245,050)

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.