Ritchie Bros. Sells More Than $164MM of Equipment in Edmonton, AB
MAY 2, 2023 - 6:58 am
Ritchie Bros. conducted its largest Canadian auction of the year recently in Edmonton, AB, selling more than 12,000 equipment items and vehicles over five days, generating more than C$225 million (more than $164 million) in gross transaction value. The online and onsite auction attracted more than 21,000 bidders from 50 countries, with approximately 93% of the equipment selling to Canadians, including 59% purchased by Albertans. The remaining 7% of the equipment was purchased by international buyers from countries such as Chile, Egypt and Romania.
“Our April Edmonton event once again delivered a huge selection of equipment with something for everyone, including lots of late-model, low-hour gear coming off recently completed jobs and ready to go to work for new owners,” Blair Gogowich, regional sales manager for Ritchie Bros., said. “For buyers who were unable to get the equipment they were looking for, we have a ton of upcoming buying opportunities in the next few months, including our next Edmonton sale in June.
“On top of the more than 12,000 equipment items, we also sold five VIP parking stalls at our site for charity, raising $72,500 for the Make-a-Wish Foundation, which will help grant wishes for seven children. This is our fifth and most successful year of running this fundraiser, raising a total of $157,650 over that time.”
More than 1,400 owners sold equipment in the Edmonton auction, including Precision Contractors, which sold three 2015 Caterpillar D6T dozers for a combined C$817,500 ($602,358) and two 2017 Caterpillar 815F compactors for C$505,000 ($372,100).
“Ritchie Bros.’ team is upfront and honest and treats us with the same respect we provide our customers,” Frank Tremmel, president of Precision Contractors, said. “They come prepared with data and industry insights to show and educate customers, working with you on optimal selling times and advising on how to get the best results on auction day.”
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