Montreal auction breaks site records; Fort Worth auction site concludes
second 3,000+-item auction in less than two months
VANCOUVER, Sept. 26, 2014 /CNW/ - Thousands of registered bidders from
67 countries participated at two unreserved public equipment auctions
conducted by Ritchie Bros. Auctioneers (NYSE and TSX: RBA) in Montreal,
Quebec and Fort Worth, Texas earlier this week. Ritchie Bros. (www.rbauction.com), the world's largest industrial auctioneer, sold CA$40+ million
(US$36+ million) of equipment in Montreal, attracting more than 5,000
bidders from 52 countries at its auction held September 24-25, 2014.
The Company also held a two-day equipment auction at the same time in
Fort Worth, Texas, which generated US$40+ million (CA$44+ million) in
gross auction proceeds, and attracted close to 3,300 bidders from 56
MONTREAL, QUEBEC - The Company broke Montreal auction site records at
this week's auction for largest number of sellers (750+) and largest
number of items ever sold (nearly 4,200).
"The results of this week's auction are very encouraging in all industry
sectors," said Jessy Cantin, Regional Sales Manager, Ritchie Bros.
Auctioneers. "The focus for equipment buyers in Montreal during
September is preparation for the winter, so we saw particularly strong
results in snow removal gear and heavy construction equipment."
Equipment in the auction included a selection of wheel loaders, motor
graders, crawler snow blowers and utility tractors for Dorval, QC-based
Roxboro Excavation. Roxboro offers a variety of services in civil
engineering, environment, paving, earthmoving, infrastructure, sewage,
as well as snow removal in the Quebec region.
"We were very pleased with the results on the sale of our equipment this
week," said Daniel Theoret, Director of Equipment, Roxboro Excavation
Inc. "I believe that Ritchie Bros. brings in more value for my
equipment by providing potential buyers with the opportunity to inspect
equipment at their yards in advance of the auction."
FORT WORTH, TEXAS - In less than two months, Ritchie Bros. has held two
unreserved equipment auctions at its permanent auction site in Fort
Worth. This week's Fort Worth auction featured more than 3,000 heavy
equipment items, including a selection of oilfield, construction and
"This week's auction in Texas saw strong pricing across all categories,
particularly for specialized transportation equipment," said Adam
Kawulok, Regional Sales Manager, Ritchie Bros. Auctioneers. "Utility
trucks were predominantly on high demand on Day Two of the auction
along with bucket trucks and boom trucks."
AUCTION QUICK FACTS
SEPTEMBER 24 - 25, 2014
FORT WORTH, TEXAS
SEPTEMBER 24 - 25, 2014
Gross Auction Proceeds
CA$40+ million (US$36+ million)
US$40+ million (CA$44+ million)
Amount sold to online bidders
CA$16+ million (US$15+ million)
US$20+ million (CA$22+ million)
Total registered bidders
(on site and online)
Close to 3,300
Unique registered online bidders
Total number of buyers
(on site and online)
Total number of online buyers
Number of lots sold
Nearly 4,200 * New site record
Number of sellers
750+ * New site record
The Ritchie Bros. auction calendar currently features more than 95
unreserved public auctions around the world, including the Company's
next unreserved public auctions in Montreal, Quebec and in Fort Worth,
Texas, both scheduled for December 3 - 4, 2014. Visit www.rbauction.com for a complete list of upcoming auctions.
About Ritchie Bros.
Established in 1958, Ritchie Bros. (NYSE and TSX: RBA) is the world's
largest seller of used equipment for the construction, transportation,
agriculture, material handling, energy, mining, forestry, marine and
other industries. Ritchie Bros. TM solutions make it easy for the world's builders to buy and sell
equipment with confidence, including live unreserved public auctions
with on-site and online bidding (rbauction.com), the EquipmentOneTM secure online marketplace (EquipmentOne.com), a professional corporate asset management program, and a range of
value-added services, including equipment financing for customers
through Ritchie Bros. Financial Services (rbauctionfinance.com). Ritchie Bros. has operations in more than 25 countries, including 44
auction sites worldwide. Learn more at RitchieBros.com.
ATTENTION MEDIA: Photos and other media resources are available for use at http://www.rbauction.com/media. Members of the public and the media can follow Ritchie Bros. on
SOURCE: Ritchie Bros. Auctioneers
For further information:
Jose Vargas, Corporate Communications Lead, Ritchie Bros. Auctioneers
Phone: +1.778.331.5439 | Email: CorpComm@rbauction.com
Jessy Cantin, Regional Sales Manager, Ritchie Bros. Auctioneers
Montreal auction site phone: +1.450.464.2888
Adam W. Kawulok, Regional Sales Manager, Ritchie Bros. Auctioneers
Fort Worth auction site phone: +1.817.237.6544