Ritchie Bros. conducted its largest-ever auctions in Ontario and Manitoba, selling more than C$71 million ($54 million) of equipment and trucks in Toronto and more than C$31 million ($24 million) of assets in Winnipeg in May 2022. The multi-day online auctions attracted a combined 11,900 registered bidders to compete for more than 6,400 items between the two events.
“We bulldozed past our previous Toronto sales record, set last May, with gross transaction value up approximately 35% year over year,” Ryan Pottruff, regional sales manager, Ritchie Bros, said. “There was a lot of demand from consignors to be a part of this event, so we made full use of our Thunder Bay satellite yard and an additional offsite location in the Toronto area to ensure there was enough room for everyone, and it paid off. Consignors were very pleased with the strong pricing we achieved during all three days of the auction.”
About 91% of the equipment in the Toronto auction was sold to Canadians, including 65% sold to Ontarians between May10-12. The remaining 9% was sold to international buyers from as far away as Ecuador, Egypt and the Netherlands.
One province over, in Manitoba, Ritchie Bros. conducted a one-owner auction for Borland Construction, one of the oldest and largest heavy construction companies in the region. The May 11–12 online auction attracted bidders from 28 countries, but Canadians purchased 94% of the assets, including 70% sold to Manitobans.
“We got more money for our trucks than we anticipated,” James Dick, Toronto consignor, James Dick Construction, said. “We’ve been in the snow plow business for a lot of years, but we want to focus more on our aggregate and hauling business going forward. I’ve been dealing with Ritchie Bros. since I started — their advertising is the best!”
“Borland runs a very diverse operation and has an impeccable maintenance program, resulting in a ton of interest for their late-model equipment,” Sam Webber, territory manager, Ritchie Bros., said.
“We don’t think anyone could do a better job than Ritchie Bros. in creating demand for our equipment,” Henry Borger, president, Borland Construction, said. “Ritchie Bros.’ reputation attracted thousands of bidders from around the globe and their online platform enabled them to bid securely and efficiently. The knowledge and assistance from Ritchie Bros.’ representatives were invaluable. They provide all the key ingredients, bidders, information and process for a competitive auction that maximizes returns.”

Ten Big Sellers – Top Selling Items:

• 2018 Caterpillar 988K wheel loader – C$665,000 ($510,454) – sold in Winnipeg, MB
• 2018 Caterpillar 973K crawler loader – C$610,000 ($468,236) – sold in Winnipeg, MB
• 2016 Wirtgen WR240I wheel soil stabilizer – C$605,000 ($464,398) – sold in Winnipeg, MB
• 2013 ELRUS mobile control van – C$480,000 ($368,448) – sold in Winnipeg, MB
• 2019 Gomaco GT3600 curb & gutter machine – C$340,000 ($261,290) – sold in Toronto, ON
• 2021 International HV607 SBA plow truck – C$270,000 ($207,495) – sold in Toronto, ON
• 2021 Mack AN64 Anthem 6×4 dump truck – C$240,000 ($184,224) – sold in Winnipeg, MB
• 2021 John Deere 550K dozer – C$182,500 ($140,251) – sold in Toronto, ON
• 2019 Volvo VNL twin-axle truck tractor – C$177,500 ($136,409) – sold in Toronto, ON
• 2019 Peterbilt 567 twin-axle truck tractor – C$152,500 ($117,196) – sold in Toronto, ON