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Canadian Records Fall at Ritchie Bros. Edmonton Auction
The unreserved public auction featured several complete dispersals for forestry, oilfield transportation and construction companies, as well as equipment, trucks and other industrial assets from more than 700 consignors. In total, more than 4500 lots were sold, with more than 4600 registered bidders participating from 20 countries. A number of Edmonton region records were broken at the auction, including largest gross auction sales, number of items sold, number of consignors, online gross auction sales and number of online buyers. Over 900 of the registered bidders participated in the auction over the internet, live and in real time, using the Ritchie Bros. Auctioneers' online bidding service, rbauctionBid-Live. Internet bidders purchased 368 lots in the auction, representing nearly $9 million worth of trucks and equipment. There were close to 200 online buyers at the auction. The auction featured a large selection of late-model equipment from Ken Richert Trucking Inc. Ken and Tracy Richert have operated their oilfield transportation company in Drayton Valley since 1997, but the labor shortage in Alberta has made it increasingly difficult for them to find drivers. They decided to sell their trucks but will continue to run their business using owner-operators. "I've never sold or bought equipment through Ritchie Bros. before, but I've always known about the Company and it has a good reputation. So when it was time for me to sell my trucks, I knew who to call," said Ken Richert. "I was really happy with everything Ritchie Bros. did-they went all the way for us. We got really good prices on the trucks, and when things change and I can start running my trucking business again, I will buy equipment at a Ritchie Bros. auction." Over 37 000 items will be sold in 35 unreserved industrial auctions and 44 unreserved agricultural auctions coming up on the Ritchie Bros. auction calendar.
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Two months after conducting the largest Canadian auction in Ritchie
Bros. Auctioneers' history, the Edmonton sale site has beaten its own record
with a $61 million unreserved auction. Ritchie Bros. Auctioneers, the world's
largest auctioneer of trucks and industrial equipment, conducted the record-breaking
three-day auction at its permanent auction site in Edmonton on May 30 -
June 1, 2007. It also broke a worldwide company record for the most consignors
in one auction.
