Ritchie Bros. Sells More Than $42MM in Final 2021 Auction in Edmonton, AB

Ritchie Bros. sold more than 4,400 equipment items and trucks for more than 780 owners, achieving more than C$53 million ($42 million) in gross transaction value at its final 2021 auction in Edmonton, AB.

According to Ritchie Bros., 93% of the items purchased during the online auction, which was held from Dec. 9 to Dec. 11, were purchased by Canadian buyers, including 55% by Albertans. The remaining 7% was purchased by international buyers from countries such as Ireland, Israel and Singapore.

“Pricing in our Edmonton sale remained strong across all major equipment and truck categories,” Andrew Lutic, regional sales manager for Ritchie Bros., said. “If you have surplus equipment to sell, I encourage you to contact us today so you can take advantage of this sellers’ market. We are attracting record demand today and achieving record pricing across all our marketplaces.”

Ritchie Bros. conducted six online auctions from its Edmonton site in 2021, registering more than 106,000 bidders and selling more than 47,000 items for more than C$517 million ($407.58 million).

“Thank you to all our loyal customers,” Trent Vandenberghe, regional sales manager for Ritchie Bros., said. “We greatly appreciate the trust you put in us and we look forward to continuing to help your businesses in the future.”

Five Big Sellers

  • 2018 Tigercat 870C feller buncher – C$460,000 ($363,768)
  • 2014 Komatsu D155AX-7 crawler tractor – C$390,000 ($308,412)
  • 2019 Kenworth T800 tri-drive sleeper truck tractor – C$240,000 ($189,792)
  • 2017 Hitachi ZX350LC-5N hydraulic excavator – C$220,000 ($173,976)
  • 2009 ETM 120-ton, 64-wheel lowboy – C$192,500 ($152,229)

Auction Quick Facts

  • Gross Transaction Value: More than C$53 million ($42 million)
  • Total Registered Bidders: More than 12,500
  • Total Number of Lots: More than 4,400
  • Total Number of Consignors: More than 780

Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
Susie Angelucci
Advertising: 484.459.3016

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.