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Ritchie Bros. sells CA$184+ million of equipment in its first online Edmonton auction

Christian Fernsby |
Last week Ritchie Bros. sold a staggering 10,700+ equipment items for CA$184+ million (US$131+ million) in its first-ever online-only auction in Edmonton, AB.

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The company, which has been conducting auctions in Alberta for close to six decades, has temporarily converted to online bidding only to maintain the safety of its customers and employees during the coronavirus pandemic.

The May 11 – 15, 2020, Edmonton auction welcomed more than 23,500 online bidders from 58 countries, setting a new company attendance record.

Approximately 87% of the assets in the auction were sold to Canadian buyers, including 47% purchased by Albertans.

One hundred percent of the equipment in the auction was sold to online buyers, including 20% purchased through Ritchie Bros.' mobile application.

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