Last week in Edmonton, AB, we sold 8,300+ equipment items selling for CA$76+ million (US$58+ million) in gross transaction value, which is a 29% increase over the same event last year.
The three-day online event on September 7 – 9, 2022, attracted more than 14,600 bidders from 46 countries. Approximately 94 percent of the equipment in the unreserved auction was sold to Canadian buyers, including 59 percent sold to Albertans. The remaining six percent of the equipment was sold to international buyers from as far away as Colombia, India, and Ireland.
“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.”
“We surpassed my original expectations”
More than 1,100 consignors sold equipment in the Edmonton auction, including a major realignment for Ninkovich Gravel Ltd. and a complete dispersal for Scott’s Backhoe & Oilfield Service Ltd.
“When you work with Ritchie, you get a company that’s thoughtful, considerate, and always looking out for your best interests,” said Dave Ninkovich of Ninkovich Gravel Ltd. “They provided direction on how to increase the value of my assets at auction and it worked, as we surpassed my original expectations and hit the price I was hoping for.”
“I know I made the right decision choosing Ritchie Bros.–I greatly appreciate their honesty and advice in helping me make a tough decision,” said Julie Bacque of Scott’s Backhoe. “We sold over 100 pieces of equipment virtually from our yard in Glendon, AB and Ritchie Bros. was fast and efficient with operations and marketing, bringing it all together in just five weeks.”
Top 3 sellers in Edmonton
