16,700+ bidders from 55 countries participate in massive equipment auction
In the weeks leading up to our April 2016 auction in Edmonton (Nisku), AB, it was clear this auction was going to be a monster. Originally scheduled for four days, the auction was pushed to five – our first-ever 5-day auction in Canada – as the amount of equipment and trucks grew and our yards filled to the bursting point.
And by the time the last lot sold on Saturday, April 30th and the dust had settled we had broken multiple company records, including online sales, number of bidders and number of sellers. The five-day auction was also our largest-ever auction in Canada.
Record-breaking numbers from Edmonton
- Total amount sold – CA$240+ million (US$191+ million) of equipment, trucks and other assets *New Canadian record
- Amount sold to online bidders – CA$140+ million (US$111+ million) *New company record
- Total registered bidders (onsite and online) – 16,700+ bidders from 55 countries *New company record
- Online registered bidders – 10,550+ *New company record
- Number of lots sold – 10,200+ *New Canadian record
- Number of sellers – 1,125+ *New company record
"We would like to thank all the consignors who put their trust in us to sell their equipment last week," said Brian Glenn, Ritchie Bros. Senior Vice President. "Our ability to attract more than 16,700 bidders from every corner of the world helped us achieve solid results throughout all five days of the auction. In particular, we saw strong pricing on motor scrapers, crawler tractors, wheel loaders, highway transport and gravel hauling equipment."
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Buyers from near and far
The auction featured an unprecedented selection of equipment and trucks from all the major brands. And with buyers coming from near and far to bid in person, and more bidding online, the competition helped the hundreds of sellers achieve global market pricing for their equipment, trucks, and more.
About 84% of the equipment in the auction was sold to Canadian buyers (by dollar value); more than 13% sold to buyers from the United States.
Added Brian Glenn: "Of particular note, approximately 46% of the equipment was purchased by Alberta buyers, showcasing the strength and size of this market even when there are economic challenges."
1,125+ companies sold equipment in the auction, including Newcom Earthmovers Ltd. The Brooks, AB-based earthworks construction contractor sold 400+ items in the auction as part of a complete dispersal.
"Ritchie Bros. is a one-stop shop—they know the market and they have resources no one can touch," said Harold Ward, president and owner of Newcom Earthmovers. "We've been buying and selling here since we started the company 12 years ago. With the changing landscape here in Alberta we thought it would be a good time for us to sell and we're happy with the result."
Equipment selling highlights at a glance
Some of the equipment sold included 260+ excavators, 200+ loaders, 200+ compactors, 1000+ trailers, and much more.
Thanks to everyone who bid in person or online, bought, sold, or simply came out to enjoy the auction action and take in the acres of equipment. We hope you enjoy these photos from the event.
Articulated dump trucks lined up in the Edmonton yard, ready to sell
Equipment and trucks as far as the eye can see at our April Edmonton auction
We sold 350+ transport trucks at our Edmonton auction
We sold 190+ dozers at the auction
Rock trucks ready to cross the ramp in front of bidders
100+ articulated dump trucks sold at the Edmonton auction
Check equipment selling prices online
Our next Edmonton auction will be held from June 14 – 16, 2016. Learn more about selling equipment at this or any Ritchie Bros. auction, or contact us to discuss selling your equipment.
Want to see more equipment prices from our Edmonton auction? Create a free account to access auction results from this and all our auctions in the past two years.
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