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Ritchie Bros. sells CA$94+ million of equipment in Edmonton October auction

Staff Writer |
With its big October auction in Edmonton last week, Ritchie Bros. sold more than 6,800 equipment items and trucks for CA$94+ million (US$73+ million).

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The four-day event held October 24 – 27, 2017, attracted more than 9,850 bidders from 47 countries, including 7,300+ online bidders.

Canadian buyers purchased 92 percent of the equipment in the auction, with bidders from Alberta (58%), British Columbia (19%), and Saskatchewan (9%) being the biggest Canadian buyers.

International buyers from such countries as the United Kingdom, Hong Kong, and New Zealand purchased eight percent.

Approximately 63 percent of the equipment was sold to online buyers.

The auction featured equipment from 1,000+ owners, including nine Caterpillar crawler tractors sold for Lloydminster, Saskatchewan-based Garfield Diesel Repair.

Equipment highlights in the Edmonton October auction included 80+ excavators, 70+ skid steers, 65+ compactors, 55+ dozers, 40 loaders, 75+ flatbed trucks, 60+ boom trucks, 175 truck tractors, 650+ trailers, and much more.

All items were sold without minimum bids or reserve prices.

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