Ritchie Bros. sells over $76M of equipment at Edmonton auction
by CM Staff
More than 1,100 consignors sold equipment in the Edmonton auction, including a major realignment for Ninkovich Gravel Ltd.
EDMONTON — Ritchie Bros. presented more than 8,300 pieces of equipment items at the latest auction in Edmonton, Alta., selling over $75 million in gross transaction value.
The company says the sales represents a 29 per cent increase compared to sales of the previous year’s auction.
The online event on hosted in the province from September 7 to 9 attracted more than 14,600 bidders from 46 countries.
Canadian buyers purchased 94 per cent of the equipment in the unreserved auction, and 59 per cent of these buyers represented Albertans.
The remaining six per cent of equipment buyers had travelled to the auction from Ireland, Colombia and India.
“We had a lot of happy consignors, with equipment and trucks bringing strong demand and pricing through all three days of the auction,” said Andrew Lutic, regional sales manager, Ritchie Bros.
“Leading up to the event our Edmonton site was busy with buyers inspecting items to add to their fleet for upcoming projects. For those that were unable to get the equipment they need for the winter season, we have a ton of upcoming buying opportunities including our next big Edmonton auction in late October.”
More than 1,100 consignors sold equipment in the Edmonton auction, including a major realignment for Ninkovich Gravel Ltd.
