More than 4,450 items were sold for 700+ sellers as part of the
unreserved public auction - including a luxury Edmonton condo for
Ritchie Bros. co-founder Dave Ritchie
EDMONTON, June 14, 2013 /CNW/ - Ritchie Bros. Auctioneers (NYSE and TSX:
RBA), the world's largest industrial auctioneer, sold CA$60+ million
(US$59.5+ million) of heavy equipment, property and trucks during a
two-day unreserved public auction at its permanent auction site in
Edmonton, Alberta, on June 12 - 13, 2013. More than 4,450 items were
sold to the highest bidders regardless of price—without minimum bids or
reserve prices. Bids were made in person at the Edmonton auction site,
online in real time at www.rbauction.com or by proxy.
One of the notable items sold in the auction was Ritchie Bros.
Auctioneers co-founder Dave Ritchie's personal luxury condominium,
located in the heart of Edmonton, which sold for CA$3.25 million
"I was happy with everything and how it worked out," said Mr. Ritchie.
"The unreserved auction is a system that works. In the Ritchie Bros.
system, it's the honesty and integrity that makes it - we don't bid on
anything, we don't buy back and we don't let the customers bid on their
own merchandise. I believe the condo sold for a reasonable price and
everyone is happy at the end of the day."
More than 4,850 bidders from 39 countries, including all Canadian
provinces and two territories and 41 US states, registered to bid in
person or online for the auction. CA$45+ million (US$44+ million) of
equipment was purchased by Alberta buyers, while participants from
outside Alberta purchased CA$15+ million (US$14+ million) of equipment
or close to 25 percent of total gross auction proceeds. More than 2,500
of the bidders participated online and purchased CA$20+ million (US$20+
million) of equipment online.
"Our auction featured a large and diverse audience which generated
competitive bids for all auction items and resulted in in-person and
online registered buyers from as far away as Australia, France and
Thailand," said Jim Rotlisberger, Regional Sales Manager, Ritchie Bros.
Auctioneers. "This auction really demonstrated the diverse range of
quality items that Ritchie Bros. is known to offer its buyers—from the
luxurious Edmonton condo of our co-founder Dave Ritchie to the 195
pickup trucks, 100+truck tractors, 65+ hydraulic excavators, 50+
articulated dump trucks, 50 crawler tractors, 45+ flatbed trucks, 30+
dump trucks, 30+ wheel loaders, 15 motor graders and more—and it's this
selection that regularly attracts buyers from near and far to our
AUCTION QUICK FACTS: EDMONTON, AB -- JUNE 12-13, 2013
Gross Auction Proceeds - CA$60+ million (US$59.5+ million)
Amount sold to online bidders - CA$20+ million (US$20+ million)
Unique bidders (onsite and online total) - 4,850+
Unique online bidders - 2,500+
Lots sold - 4,450+
Number of sellers - 700+
The Ritchie Bros. auction calendar currently features 84 unreserved
public auctions around the world, including the Company's next
unreserved public auction in Edmonton, AB, which is scheduled for
September. 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 Twitter @RitchieBros.
SOURCE: Ritchie Bros. Auctioneers
For further information:
Jose Vargas, Corporate Communications Specialist, Ritchie Bros. Auctioneers
+1.604.765.2909 or Email CorpComm@rbauction.com
Jim Rotlisberger, Regional Sales Manager, Ritchie Bros. Auctioneers
Edmonton auction site phone: +1.780.955.2486