More than CA$42 million of equipment sold in two-day unreserved public auction in Montreal, QC on December 5 - 6 -- the Company also sold CA$30 million of equipment in Saskatoon, SK this week
Dec. 7, 2012
/PRNewswire/ - Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world's largest industrial auctioneer, conducted its largest ever
auctions this week—selling more than CA$42 million (US$43+ million) of equipment in
December 5 - 6, 2012
) and CA$30 million (US$30+ million) in
December 4, 2012
). Every item in both auctions was sold to the highest bidder, regardless of price—without minimum bids or reserve prices. Bids were made in person at the auction sites, online in real time at
or by proxy.
"Our auctions in
this week showcased the power of attracting a diverse audience of bidders from around the world," said
, Regional Sales Manager, Ritchie Bros. Auctioneers. "Bidders came from more than 35 countries to bid on the large selection of late model equipment items and trucks featured in the two auctions, which allowed us to achieve true global market value on auction day. This resulted in us setting new company records in both
. In particular,
featured one of the nicest selections of construction equipment we have ever seen in Canada—with close to 80 late model hydraulic excavators, 30 late model crawler tractors, and much more."
Montreal, QC auction - December 5 - 6, 2012
More than 4,300 people from 34 countries, including all Canadian provinces and territories registered to bid in person or online in the
auction. Bidders from outside
purchased more than CA$21 million or 51 percent of total gross auction proceeds. More than 1,450 of the bidders taking part in the auction registered to bid online (34 percent) and purchased more than CA$12 million of equipment.
Saskatoon, SK auction - Tuesday, December 4, 2012
Ritchie Bros. also conducted its largest ever auction in
this week—selling more than 1,400 agricultural equipment items and trucks for more than CA$30 million in
The auction attracted more than 3,500 registered bidders from 28 countries. Bidders from outside
purchased close to CA$11 million or 36 percent of total gross auction proceeds. More than 1,800 of the bidders taking part in the auction registered to bid online (52 percent) and purchased more than CA$8 million of equipment.
The Ritchie Bros. auction calendar currently features more than 75 unreserved public auctions around the world. Consignments for the next
March 20 - 21, 2013
March 19, 2013
) auctions are now being accepted. To sell your equipment and trucks with Ritchie Bros., please contact: +1.450.464.2888 (for
) and +1.306.933.9333 (for
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. Ritchie Bros. offers services that enable the world's builders to easily and confidently exchange equipment. The Company conducts hundreds of unreserved public auctions each year, selling a broad range of
used and unused equipment
and other assets utilized in the
industries. Ritchie Bros. has over 110 locations in more than 25 countries, including 44 auction sites worldwide. The Company maintains a web site at
and sponsors an equipment wiki at
: Photos from the
auction and other media resources are available for use at
. Members of the public and the media can follow Ritchie Bros. on Twitter
SOURCE Ritchie Bros. Auctioneers