Ritchie Bros. conducted its first Edmonton, AB auction of the year this week, selling more than 5,000 equipment items and trucks over three days for C$59+ million ($44+ million).

Close to 11,500 bidders from 50 countries registered to participate in the February 25 – 27, 2020 Edmonton auction—up approximately 12% from the same auction last year. Approximately 92% of the equipment in the auction was sold to Canadian buyers, with buyers from Alberta purchasing 49%, while international buyers from countries such as China, Switzerland and Australia purchased 8% of the equipment. Approximately 70%of the equipment in the auction was sold to online buyers, with 25% of online purchases made through Ritchie Bros.’ mobile app.

“We once again set a new bidder record for our February sale and as a result saw strong pricing throughout the auction, particularly for the low-hour/kilometer assets in the sale,” said Trent Vandenberghe, regional sales manager, Ritchie Bros. “We are so proud that consignors continue to put their trust in us to deliver the results they need for their business. We are already building well for our big five-day sale in late April, with packages of heavy construction and aggregate/crushing equipment from Parkland Pipeline and Oil Berta Cats Ltd. We encourage interested sellers to contact us today, so we have as much time as possible to market their equipment to the world.”

More than 650 owners sold equipment in the Edmonton auction, including Paradise Trucking, which sold 50+ items as part of a complete dispersal.

“I’ve bought trucks and equipment from Ritchie Bros. lots over the years, so it made sense to use them for my retirement dispersal,” said Walter Bida, Owner & President, Paradise Trucking Ltd. “Their global reach is so important to achieving good returns—I had equipment sell to Saskatchewan and even Texas. I would strongly recommend Ritchie Bros. to anyone looking to sell. They provide great service and great results.”