Ritchie Bros. online-only occasion brings in $110 million over 4 days

The October 28 – 31 Edmonton public sale attracted 18,945 bidders from 58 international locations, which is up 49 p.c from the October 2019 occasion. Roughly 91 p.c of the tools was bought by Canadians, with Western Canadian patrons successful nearly all of the objects, whereas worldwide patrons from as distant as Australia, China, and the UK bought 9 p.c.

“With the current record-breaking $34 million forestry public sale in Chilliwack, our $110 million sale in Edmonton final week, and the massive, four-day Grande Prairie occasion in three weeks, we’re seeing some actual momentum proper now in Western Canada,” mentioned Andrew Lutic, Regional Gross sales Supervisor at Ritchie Bros. “This was our third online-only public sale in Edmonton and it is working extraordinarily properly, with secure practices onsite to permit for in-person inspections.”

Gear objects had been bought for greater than 1,100 consignors, together with a bundle of things for long-time Ritchie Bros. buyer Richardson Bros. Olds. Ltd.

“We miss the camaraderie of being on the public sale in particular person, however the bidding audiences have actually gotten greater since Ritchie Bros. has gone all on-line,” mentioned Frank Richardson of Richardson Bros. Olds Ltd. “We just lately accomplished a serious undertaking in Calgary and got here to Ritchie Bros. with all the excess tools, as we have been doing for many years. The auctions are completely organized. Bidders can present up a pair days earlier than the public sale, examine the objects, that are all completely sorted and lined up, after which bid safely from their telephone. They positive make it simple.”

Gross sales highlights embrace:

  • A 156+ acre agricultural actual property property with a house quarter that bought for CA$1.16 million
  • A 6,000± square-foot lakefront house in Crane Lake, AB that bought for CA$765,000
  • A 2010 Caterpillar 16M VHP motor grader that bought for CA$600,000
  • A 2016 Peterson 2710D horizontal grinder that bought for CA$490,000
  • A 2013 Tadano GR1000XL-2 100-ton 4x4x4 tough terrain crane that bought for CA$490,000

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