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Construction Equipment Guide
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Mon September 16, 2019 - National Edition
In its first ever, five-day auction in September, Ritchie Bros. sold 10,700+ equipment items for $76+ million at its site in Edmonton, AB.
More than 14,350 people from 49 countries registered to bid in the September 10 – 14, 2019, event, including 11,600+ online bidders. Approximately 90 percent of the equipment in the auction was sold to Canadian buyers, with buyers from Alberta purchasing 58 percent, while international buyers from countries such as Australia, Germany and Thailand purchased 10 percent of the equipment. Online bidders purchased approximately 74 percent of the equipment.
"With a massive selection of equipment, we saw GTV increase 29 percent year over year," said Brian Glenn, SVP, head of Canadian sales, Ritchie Bros. "There continues to be uncertainty in the western Canadian oil and gas and related construction markets, resulting in companies realigning or 'right-sizing' their fleets based on current work projections. We would like to thank all our sellers for trusting us to get them the best possible return for their surplus assets."
Approximately 1,150+ owners sold equipment in the Edmonton auction, including a realignment for Laurlee Energy Services Ltd., a Nisku, AB-based oilfield equipment transportation company.
"It was another positive auction for us," said Laurie Ryan, owner and president of Laurlee Energy Services. "Ritchie Bros. has proven their ability to bring in buyers from all over — a couple of my pieces sold to a buyer in the U.S. Their marketing is unmatched in the industry and their staff is professional from start to finish. They really are the entire package."
Sales highlights included:
AUCTION QUICK FACTS: EDMONTON, AB (September 2019)
Ritchie Bros. currently has more than 65,000 equipment items, trucks, and other assets listed for sale across all its auctions and marketplaces. For a complete list of upcoming auctions and equipment available, visit rbauction.com and ironplanet.com.