Ritchie Bros. Sells More Than 8,100 Items for More Than C$59MM in Sept Edmonton Auction

Ritchie Bros. held its fourth Edmonton site auction of the year last week, selling more than 8,100 equipment items and trucks for more than 1,100 consignors. The three-day online auction attracted more than 15,200 online bidders and generated more than C$59 million (more than $46 million) in gross transaction value.

Approximately 91% of the equipment in the September 8 – 10, 2021 online auction was sold to buyers in Canada, including 53% sold to Alberta buyers, 15% sold to British Columbia and 9% to Saskatchewan. The remaining 9% of the equipment was sold to International buyers from as far away as India, Ireland and South Korea.

“This has been one of the longest and driest construction seasons ever in Alberta, resulting high project completion rates and strong demand from contractors needing equipment,” Andrew Lutic, regional sales manager, Ritchie Bros., said. “Companies that have surplus equipment are being rewarded with strong pricing. In fact, many consignors last week told us they wish they had more equipment to sell, but still have projects to finish up. Our next big Edmonton auction will be held in late October—I encourage consignors to contact us early so we can start advertising their gear to the world.”

Five Big Sellers:

  • 2019 Komatsu HM400-5 6×6 articulated dump truck – C$362,500 ($286,665)
  • 2015 Komatsu D375A-6 crawler tractor – C$270,000 ($213,516)
  • 2015 Western Star 4900SA 17,465-litre tri-drive vac truck – C$240,000 ($189,792)
  • 2001 Cozad 16+16 lowboy – C$172,500 ($136,413)
  • 2018 Komatsu WA250PZ-6-wheel loader – C$162,500 ($128,505)

Auction Quick Facts: Edmonton, AB (September 2021)

  • Gross Transaction Value (GTV): More than C$59+ million (more than $46 million)
  • Total Registered Bidders: More than 15,200
  • Total Number of Lots: More than 8,100
  • Total Number of Consignors: More than 1,100

Ritchie Bros. will sell more than 50,000 equipment items and trucks in its upcoming events, including Montreal, QC on Sep. 15 – 16; Toronto, ON on Sep. 22 – 24; and Truro, NS on Sep. 28 – 29. The company also has weekly featured online auctions at IronPlanet.com and a daily reserved option with Marketplace-E.

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Terry Mulreany
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