The Company surpassed $1 billion in annual online sales during the
three-day Edmonton auction, which was the Company's largest-ever
EDMONTON, Sept. 15, 2014 /CNW/ - Ritchie Bros. Auctioneers (NYSE and
TSX: RBA), the world's largest industrial auctioneer, sold more than
CA$83 million (US$75+ million) of heavy equipment and trucks in
Edmonton, Alberta on September 10 - 12, 2014. This auction set multiple
Company records for the month of September, including record gross
auction proceeds, online sales (approx. CA$44 million or US$39+
million) and number of lots sold (approx. 6,400). Ritchie Bros. also
surpassed $1 billion in annual online sales for 2014 last week, nearly
a month earlier than when the Company hit that same mark in 2013.
"This was our largest September sale ever. The record-breaking amount of
equipment last week attracted record auction attendance for this time
of year, both on-site and online," said Jim Rotlisberger, Regional
Sales Manager, Ritchie Bros. Auctioneers. "The cold weather decided to
arrive a little early in Alberta this year, but that definitely didn't
keep the bidders away. Bidding was very active throughout all three
days, which resulted in great returns for our sellers and our highest
gross auction proceeds ever for a single auction in September."
More than 7,300 bidders from 48 countries, including all Canadian
provinces and territories, as well as 45 US states, registered to bid
in person or online for the auction. More than CA$52 million (US$47+
million) of equipment and trucks was purchased by Alberta buyers, while
participants from outside the province purchased CA$31+ million (US$28+
million) for 37 percent of total gross auction proceeds. More than
4,300 of the bidders in the auction participated online and purchased
close to CA$44 million (US$39+ million) of equipment.
Equipment in the auction was sold for nearly 900 sellers, including
close to 100 items for Vastco Energy Group Ltd., a Nisku, Alberta-based
oilfield hauling and rig moving company.
"We recently purchased this oilfield hauling company and sold a lot of
surplus equipment in this auction to right-size and optimize our
operations," said Bryan Winters, President of Vastco Energy Group Ltd.
"We sell with Ritchie Bros. because they get us excellent returns on
our equipment. The power of their advertising is second-to-none. Last
week Ritchie Bros. did an excellent job selling our equipment, we would
absolutely sell with them again."
The Edmonton September auction featured a record-setting number of
equipment items and trucks, including 170+ truck tractors, 95+
compactors, 80 excavators, 50+ loaders, 40+ bulldozers, 30 articulated
dump trucks, 25+ agricultural tractors, and more. One specific sale
highlight: four Caterpillar 657G motor scrapers sold for a combined
$3.6+ million ($920,000 each) to an online buyer from Texas.
AUCTION QUICK FACTS: EDMONTON, ALBERTA - SEPTEMBER 10 - 12, 2014
Total Gross Auction Proceeds - CA$83+ million (US$75+ million)
Amount sold to online bidders - approx. CA$44 million (US$39+ million)
Total registered bidders (onsite and online total) - 7,300+
Unique registered online bidders - 4,300+
Total number of buyers - 2,300+
Total number of online buyers - approx. 1,400
Number of lots sold - approx. 6,400
Number of sellers - approx. 900
The Ritchie Bros. auction calendar currently features more than 95
unreserved public auctions around the world, including the Company's
next unreserved public auction in Edmonton, Alberta, which is scheduled
for October 28 - 30, 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:
Ian Malinski, Corporate Communications Lead, Ritchie Bros. Auctioneers
Phone: +1.778.331.5432 | Email: CorpComm@rbauction.com
Jim Rotlisberger, Regional Sales Manager, Ritchie Bros. Auctioneers
Edmonton auction site phone: +1.780.955.2486