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AEDNews - Construction Equipment Industry News Ritchie Bros. Edmonton Site Surpasses Record Year with CA$63 Million Auction Ritchie Bros. Auctioneers sold CA$63 million (US$58 million) of equipment during a three-day auction at its Edmonton, Alberta, permanent auction site last week (Oct. 28 - 30, 2009), bringing the total gross auction proceeds generated at that site to date in 2009 to a record of over CA$330 million. Ritchie Bros. (www.rbauction.com), will conduct one more auction at its Local, national and international buyers purchased more than 4,540 lots during last week's unreserved public auction, including a large selection of late model oilfield and construction equipment. The auction attracted more than 6,200 on-site and online bidders from 21 countries. Online bidders purchased more than CA$15 million (US$14 million) of equipment (25 percent). "There's a great deal of momentum in "A lot of companies have chosen or been forced to wind down for economic reasons, but it's not all doom and gloom. Many of our customers are still working, and some are even ramping up for a busier season ahead. The large selection of premium equipment and the knowledge that every item would be sold in a fair, transparent manner attracted thousands of bidders to the auction, including a lot of pipeline contractors from across Denim Pipeline, a 27-year-old pipeline contracting business based in Rocky Mountain House, There are 67 unreserved Ritchie Bros. auctions on the upcoming auction calendar at www.rbauction.com, including the next auction at the company's 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. The cmpany has over 110 locations in more than 25 countries, including 39 auction sites worldwide. Ritchie Bros. sells, through unreserved public auctions, a broad range of used and unused industrial assets, including equipment, trucks and other assets utilized in the construction, transportation, agricultural, material handling, mining, forestry, petroleum and marine industries. The company maintains a Web site at www.rbauction.com and sponsors an equipment wiki at www.RitchieWiki.com. Article Date: 11-02-2009 Source: Ritchie Bros. Auctioneers Copyright(C) 2009 Associated Equipment Distributors. All Rights Reserved. | ||||||
AEDNews is the weekly electronic newsletter published by Associated Equipment Distributors, providing the construction equipment distribution industry with timely news and information related to the equipment business.