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More than CA$40 million of equipment sold at Ritchie Bros. Grande Prairie, AB auction
|By PR Newswire
|April 11, 2014 07:00 AM EDT
Large selection of equipment attracts more than 5,000 bidders from 32
countries to two-day unreserved public auction in Grande Prairie, AB
(April 9 - 10, 2014)
GRANDE PRAIRIE, AB, April 11, 2014 /PRNewswire/ - Ritchie Bros. Auctioneers
(NYSE and TSX: RBA), the world's largest industrial auctioneer, sold
more than CA$40 million (US$37+ million) of equipment items and trucks
at an unreserved public auction in Grande Prairie, AB on April 9 - 10,
2014. More than 2,350 trucks and equipment items were sold in the
auction—with each and every item being sold to the highest bidder,
regardless of price—without minimum bids or reserve prices. Bids in the
auction were made in person at the auction site, online at www.rbauction.com and by proxy.
"It was a fantastic sale to kick-off the auction season in Grande
Prairie and a great effort from our entire team," said Blair Gogowich,
Regional Sales Manager, Ritchie Bros. Auctioneers. "We had an excellent
selection of equipment from some great homes. Pricing was strong across
the board with outstanding results for our sellers. This sale featured
a large selection of equipment that was job-ready and as a result, this
is truly a win-win situation for buyers and sellers."
Bidders from outside Alberta purchased close to CA$11.5 million or 28
percent of total gross auction proceeds. More than 2,750 of the bidders
taking part in the auction registered to bid online and purchased more
than CA$18 million (US$16.5 million) or 44 percent of equipment
Equipment highlights in the two-day Grande Prairie auction included:
2013 Kenworth T800 5400 Gallon Tri Drive Water Truck that sold for
2011 Kenworth T800B T/A Sleeper Winch Tractor that sold for CA$190,000
Two 2013 Peterbilt 367 T/A Vacuum Trucks that sold for CA$240,000
Six 2013 John Deere 9560R 4WD Tractors that sold for between CA$265,000
- $347,500 (US$242,410 - $317,880) each
Four 2011 Caterpillar 730 6x6 Articulated Dump Trucks that sold for
between CA$187,500 - $270,000 (US$171,516 -- $246,983) each
a 1998 D8R Series II Crawler Tractor that sold for CA$270,000
a 2013 Caterpillar 336DL Hydraulic Excavator that sold for CA$347,500
Seven parcels of commercial property (16.082+/- deeded acres) in Rainbow
Lake, AB that sold for more than CA$1 million (US$914,671)
David "Duffy" Driedger, owner of Duffy Enterprises - a construction
operation based in Rainbow Lake, AB, sold more than 250 trucks,
trailers and equipment items as well as his real estate in a complete
dispersal at the auction.
"I've been a buyer and seller at Ritchie Bros. auctions for more than 17
years," said Driedger. "There are mixed feelings today as now I'm out
of the business. But the sale exceeded my expectations and now it's
time to spend more time with my wife and boys and I'm looking forward
With that being said, he also purchased 100 acres of land at the
unreserved auction and plans to develop it.
"You can't get it out of your blood, just like that," he said. "I'll be
at the next auction too, I'm sure."
AUCTION QUICK FACTS: GRANDE PRAIRIE, AB - APRIL 9 & 10, 2014
Gross Auction Proceeds - CA$40+ million (US$37+ million)
Amount sold to online bidders - CA$18+ million (US$16.5 million) or 44 percent of total sales
Unique bidders (total) - 5,000+
Unique online bidders - 2,750+
Lots sold - 2,350+
The Ritchie Bros. auction calendar currently features 120+ unreserved
public auctions around the world, including the Company's next Grande
Prairie unreserved public auction, which is scheduled for June 25 - 26,
Visit rbauction.com for a complete list of upcoming auctions around the world.
About Ritchie Bros.
Established in 1958, Ritchie Bros. (NYSE and TSX: RBA) is the world's
largest seller of used equipment for the construction, transportation,
agriculture, material handling, energy, mining, forestry, marine and
other industries. Ritchie Bros. TM solutions make it easy for the world's builders to buy and sell
equipment with confidence, including live unreserved public auctions
with on-site and online bidding (rbauction.com), the EquipmentOneTM secure online marketplace (EquipmentOne.com), a professional corporate asset management program, and a range of
value-added services, including equipment financing for customers
through Ritchie Bros. Financial Services (rbauctionfinance.com). Ritchie Bros. has operations in more than 25 countries, including 44
auction sites worldwide. Learn more at RitchieBros.com.
ATTENTION MEDIA: Photos and other media resources are available for use at http://www.rbauction.com/media.
Members of the public and the media can follow Ritchie Bros. on Twitter
SOURCE Ritchie Bros. Auctioneers
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