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Ritchie Bros. sells CA$46+ million of equipment at its largest-ever Toronto auction

Christian Fernsby |
Ritchie Bros. set a new record in Toronto, ON this week, selling 3,750+ equipment items and trucks over two days for CA$46+ million (US$34+ million).

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The May 7 – 8, 2019 auction attracted 5,800+ people from 53 countries, including 4,100+ online bidders.

Approximately 88 percent of the equipment in the auction was sold to Canadian buyers, with buyers from Ontario purchasing 71 percent, while international buyers from countries such as Pakistan, Singapore, and the United Kingdom purchased 12 percent of the equipment.

Online bidders purchased approximately 55 percent of the equipment.

More than 800 owners sold equipment in the Toronto auction, including the Newmarket, ON-based tunnel contractor Technicore Underground Inc.

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