Click here to close now.




















Welcome!

News Feed Item

More than CA$40 million of equipment sold at Ritchie Bros. Grande Prairie, AB auction

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 available online.

Equipment highlights in the two-day Grande Prairie auction included:

  • 2013 Kenworth T800 5400 Gallon Tri Drive Water Truck that sold for CA$270,000 (US$246,900)
  • 2011 Kenworth T800B T/A Sleeper Winch Tractor that sold for CA$190,000 (US$173,800)
  • Two 2013 Peterbilt 367 T/A Vacuum Trucks that sold for CA$240,000 (US$219,540) each
  • 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 (US$246,900)
  • a 2013 Caterpillar 336DL Hydraulic Excavator that sold for CA$347,500 (US$317,754)
  • 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 to that."

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, 2014.

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 @RitchieBros.


SOURCE Ritchie Bros. Auctioneers

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
"We've just seen a huge influx of new partners coming into our ecosystem, and partners building unique offerings on top of our API set," explained Seth Bostock, Chief Executive Officer at IndependenceIT, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Mobile, social, Big Data, and cloud have fundamentally changed the way we live. “Anytime, anywhere” access to data and information is no longer a luxury; it’s a requirement, in both our personal and professional lives. For IT organizations, this means pressure has never been greater to deliver meaningful services to the business and customers.
Digital Transformation is the ultimate goal of cloud computing and related initiatives. The phrase is certainly not a precise one, and as subject to hand-waving and distortion as any high-falutin' terminology in the world of information technology. Yet it is an excellent choice of words to describe what enterprise IT—and by extension, organizations in general—should be working to achieve. Digital Transformation means: handling all the data types being found and created in the organizat...
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Chuck Piluso presented a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. Prior to Secure Infrastructure and Services, Mr. Piluso founded North American Telecommunication Corporation, a facilities-based Competitive Local Exchange Carrier licensed by the Public Service Commission in 10 states, serving as the company's chairman and president from 1997 to 2000. Between 1990 and 1997, Mr. Piluso served as chairman & founder of International Te...
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
Container technology is sending shock waves through the world of cloud computing. Heralded as the 'next big thing,' containers provide software owners a consistent way to package their software and dependencies while infrastructure operators benefit from a standard way to deploy and run them. Containers present new challenges for tracking usage due to their dynamic nature. They can also be deployed to bare metal, virtual machines and various cloud platforms. How do software owners track the usag...
SYS-CON Events announced today that MobiDev, a software development company, will exhibit at the 17th International Cloud Expo®, which will take place November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software development company with representative offices in Atlanta (US), Sheffield (UK) and Würzburg (Germany); and development centers in Ukraine. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobi...
With SaaS use rampant across organizations, how can IT departments track company data and maintain security? More and more departments are commissioning their own solutions and bypassing IT. A cloud environment is amorphous and powerful, allowing you to set up solutions for all of your user needs: document sharing and collaboration, mobile access, e-mail, even industry-specific applications. In his session at 16th Cloud Expo, Shawn Mills, President and a founder of Green House Data, discussed h...
For IoT to grow as quickly as analyst firms’ project, a lot is going to fall on developers to quickly bring applications to market. But the lack of a standard development platform threatens to slow growth and make application development more time consuming and costly, much like we’ve seen in the mobile space. In his session at @ThingsExpo, Mike Weiner, Product Manager of the Omega DevCloud with KORE Telematics Inc., discussed the evolving requirements for developers as IoT matures and conducte...
There are many considerations when moving applications from on-premise to cloud. It is critical to understand the benefits and also challenges of this migration. A successful migration will result in lower Total Cost of Ownership, yet offer the same or higher level of robustness. In his session at 15th Cloud Expo, Michael Meiner, an Engineering Director at Oracle, Corporation, analyzed a range of cloud offerings (IaaS, PaaS, SaaS) and discussed the benefits/challenges of migrating to each offe...
One of the hottest areas in cloud right now is DRaaS and related offerings. In his session at 16th Cloud Expo, Dale Levesque, Disaster Recovery Product Manager with Windstream's Cloud and Data Center Marketing team, will discuss the benefits of the cloud model, which far outweigh the traditional approach, and how enterprises need to ensure that their needs are properly being met.
In their session at 17th Cloud Expo, Hal Schwartz, CEO of Secure Infrastructure & Services (SIAS), and Chuck Paolillo, CTO of Secure Infrastructure & Services (SIAS), provide a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. In his role as CEO of Secure Infrastructure & Services (SIAS), Hal Schwartz provides leadership and direction for the company.
In a recent research, analyst firm IDC found that the average cost of a critical application failure is $500,000 to $1 million per hour and the average total cost of unplanned application downtime is $1.25 billion to $2.5 billion per year for Fortune 1000 companies. In addition to the findings on the cost of the downtime, the research also highlighted best practices for development, testing, application support, infrastructure, and operations teams.
The Internet of Everything (IoE) brings together people, process, data and things to make networked connections more relevant and valuable than ever before – transforming information into knowledge and knowledge into wisdom. IoE creates new capabilities, richer experiences, and unprecedented opportunities to improve business and government operations, decision making and mission support capabilities.