The Company also held a grand opening auction in Chehalis, WA on
Thursday, June 14
VANCOUVER, June 15, 2012 /CNW/ - Ritchie Bros. Auctioneers (NYSE and
TSX: RBA), the world's largest industrial auctioneer, sold millions of
dollars of heavy equipment and trucks at its unreserved public auctions
this week, including a CA$50 million (close to US$49 million) auction
in Edmonton, AB (June 13 & 14) and a US$41 million auction in Houston,
TX (June 12 & 13), as well as a grand opening auction in Chehalis, WA
(June 14). Bids were made at the auctions on-site, online in real time
at www.rbauction.com and by proxy.
EDMONTON, AB - More than 4,500 people from 38 countries registered to bid in person
or online in the two-day unreserved auction in Edmonton, AB on June 13
& 14, 2012. The auction featured more than 4,100 heavy equipment items
and trucks and generated gross auction proceeds in excess of CA$50
"The equipment market in Edmonton has been very strong in 2012, and
based on auction results this week it is showing no signs of slowing
down anytime soon," said Jim Rotlisberger, Regional Sales Manager,
Ritchie Bros. Auctioneers. "Alberta is well-known for its mining and
oilfield industry and we have seen particularly strong results on
late-model, low-hour equipment for both of those industries—companies
need quality equipment to put to work right away and that's exactly
what our auctions provide."
Equipment in the auction was sold for more than 700 owners, including
late-model construction equipment for Weinrich Contracting Ltd.—an
Edmonton-based, family-operated company specializing in earth works
construction, road construction, site prep and clean-up in business for
more than 30 years.
"There is always a great turnout on-site in Edmonton and internet
bidding is on the rise—when we sell with Ritchie Bros. we know our
equipment will get lots of exposure," said Scott Weinrich, co-owner of
Weinrich Contracting. "We are constantly upgrading our fleet and we
rely on Ritchie Bros. for expert advice on when the market is ready for
our surplus equipment. Based on the results we received this week, the
market was definitely ready."
More than 2,100 of the bidders registered to bid online in the Edmonton
auction and purchased more than CA$13 million (US$13 million) of
equipment. On-site and online buyers from outside Alberta purchased
more than CA$15.5 million (US$15 million) of equipment (31 percent of
the total) from as far away as the United Arab Emirates, Morocco and
HOUSTON, TX - Earlier this week Ritchie Bros. conducted another unreserved public
auction, at its permanent auction site in Houston, TX on June 12 & 13,
selling more than US$41 million of heavy equipment and trucks over two
"We sold more than 3,100 equipment items and attracted bidders from more
than 50 countries which resulted in strong competition throughout the
auction," said Alan McVicker, Ritchie Bros. Regional Sales Manager.
"This auction—our third of 2012—featured one of the best selections of
oilfield transport and heavy haul equipment we have ever offered,
including more than 150 truck tractors, 80 lowboys, 50 winch tractors
and more. Pricing in the auction was strong on all these equipment
types and for the good quality construction equipment that was sold in
this sale. The oilfield industry items were an auction highlight—they
attracted bids from every corner of the world!"
More than 3,000 people from more than 50 countries, including all 50
U.S. states, registered to bid in person or online in the Houston
auction—with online buyers purchasing more than US$13 million of
equipment. Buyers from outside of Texas purchased more than US$21
million of equipment (51 percent of the total), including more than
US$8 million purchased by buyers outside of the United States.
CHEHALIS, WA - This week, Ritchie Bros. also conducted a multi-million dollar grand
opening auction in Chehalis, WA on Thursday, June 14. The auction
featured more than 2,300 equipment items and trucks and attracted more
than 2,700 registered bidders from 40 countries.
The new Chehalis permanent auction site replaced Ritchie Bros.' auction
site in Olympia, WA where the Company conducted auctions from 1979
Consignments for the next Edmonton, Houston & Chehalis auctions are now
being accepted—to sell your equipment and/or trucks, please contact:
+1.780.955.2486 (for Edmonton); +1.713.455.5200 (for Houston) or
1.360.767.3000 (for Chehalis). The Ritchie Bros. auction calendar
currently features 77 unreserved public auctions around the world.
Visit www.rbauction.com for a complete list of upcoming auctions.
About Ritchie Bros.
Established in 1958, Ritchie Bros. Auctioneers (NYSE and TSX: RBA) is
the world's largest industrial auctioneer, selling more equipment to
on-site and online bidders than any other company in the world. Ritchie
Bros. offers services that enable the world's builders to easily and
confidently exchange equipment. The Company conducts hundreds of
unreserved public auctions each year, selling a broad range of used and unused equipment, trucks and other assets utilized in the construction, transportation, agricultural, material handling, mining, forestry, petroleum and marine industries. Ritchie Bros. has over 110 locations in more than 25
countries, including 44 auction sites worldwide. The Company maintains
a web site at www.rbauction.com and sponsors an equipment wiki at www.RitchieWiki.com.
ATTENTION MEDIA: Aerial photos and other media resources, including photos of
yesterday's grand opening ribbon-cutting ceremony in Chehalis, WA 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:
Kim Schulz, Manager, Corporate Communications
Phone: +1.604.788.5379 or email email@example.com
Jim Rotlisberger, Regional Sales Manager, Ritchie Bros. Auctioneers
Edmonton, AB site phone: +1.780.955.2486 or email firstname.lastname@example.org
Alan McVicker, Regional Sales Manager, Ritchie Bros. Auctioneers
Houston, TX site phone: +1.713.455.5200 or email email@example.com
Brad Maas, Regional Sales Manager, Ritchie Bros. Auctioneers
Chehalis, WA site phone: +1.360.767.3000 or email firstname.lastname@example.org