Ritchie Bros. Sells More Than $110MM Combined at Auctions in Alberta and Texas



Ritchie Bros. held its final auctions of the year at two of its largest auction sites: Edmonton, AB and Fort Worth, TX. Over three days, the Edmonton team sold more than 5,500 equipment items for $41 million (C$53 million), while Ritchie Bros.’ Fort Worth team sold more than $69 million of equipment in two days. Both auctions were conducted 100% online due to COVID-19.

“Online demand continues to be strong, resulting in record bidder registrations and solid pricing across most equipment categories,” Kari Taylor, president of North America sales, Ritchie Bros., said. “We would like to thank the thousands of buyers and sellers who have participated in Fort Worth and Edmonton auctions in 2020. A lot has changed, but thanks to our investments in technology, we continue to deliver certainty in uncertain times. Just this year we registered more than 100,000 bidders for our Edmonton auctions, which is up 32% year over year.”

In its final auction of 2020 at the Edmonton site, Ritchie Bros. registered more than 14,500 bidders from 60 countries. Approximately 94% of the equipment sold in the Edmonton auction was sold to buyers from Canada, with 56% purchased by buyers from Alberta, while international buyers from India, Peru, Poland and other countries purchased 6% of the equipment.

The final Fort Worth auction attracted more than 1,700 bidders, which was up 40% from the same auction last year. In total, the Fort Worth site attracted more than 54,000 bidders over five auctions in 2020, up 63% from 2019. Approximately 39% of the equipment sold this week in Fort Worth was purchased by Texas buyers, while out-of-state and international buyers from Australia, Egypt, the United Kingdom and other countries purchased the remaining 61%.

“Our Alberta and Texas markets are major sources of equipment and trucks across North America and the globe,” Doug Olive, senior vice president of pricing for Ritchie Bros., said. “More than 70% of all dozers sold in Canada were sold in Alberta. In 2020 alone, Edmonton sold 540 excavators for $52 million. Meanwhile, Fort Worth sells an unbelievable amount of trucks auction after auction. This year, we sold close to 2,700 truck tractors for $71 million in Fort Worth.”

With both auctions 100% online, the Edmonton webpage received more than 496,000 unique pageviews, with more than 59,000 additions to customer equipment watchlists and more than 11,000 PriorityBids. The Fort Worth webpage received more than 650,000 unique pageviews, with more than 66,000 watchlist adds and more than 23,000 PriorityBids.

Ritchie Bros. has 18 auction events left in 2020.


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