Ritchie Bros. Auctioneers recently held its largest equipment auction in Canadian history, selling more than CA$108 million of equipment.
EDMONTON
Ritchie Bros. Auctioneers recently held its largest equipment auction in Canadian history, selling more than CA$108 million of equipment.
In total, more than 5,600 equipment items and trucks were sold in this three-day auction — another new Canadian record for the company.
The previous Canadian equipment auction record for largest gross auction proceeds was CA$93 million, also set in Edmonton in April 2009. Every item was sold to the highest bidder, regardless of price — without minimum bids or reserve prices.
More than 6,900 people from 37 countries, including all 10 Canadian provinces and two territories registered to bid in person or online in the auction.
Bidders from outside Alberta purchased more than CA$38 million (US$39 million) or 35 per cent of total gross auction proceeds.
Close to 2,300 of the bidders taking part in the auction registered to bid online and purchased more than CA$38 million (US$39 million) of equipment available online —this is a new Canadian record for online gross auction proceeds.
The equipment in the auction was sold for close to 800 sellers and included more than 350 surplus items from Willbros Canada —Willbros equipment was made available through its exit from the Canadian cross country pipeline construction business.
Last week, Ritchie Bros. also conducted its largest ever Saskatchewan auction in Saskatoon on April 18, 2012, selling more than CA$25 million (US$25 million) worth of equipment in a single day.
The auction featured more than 1,900 agricultural and other industrial equipment items and attracted more than 3,950 registered bidders from 23 countries.
DCN NEWS SERVICES
Recent Comments
comments for this post are closed