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
DX World EXPO, LLC, a Lighthouse Point, Florida-based startup trade show producer and the creator of "DXWorldEXPO® - Digital Transformation Conference & Expo" has announced its executive management team. The team is headed by Levent Selamoglu, who has been named CEO. "Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation," he said in making the announcement.
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Conference Guru has been named “Media Sponsor” of the 22nd International Cloud Expo, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organizers to pass great deals to gre...
DevOps is under attack because developers don’t want to mess with infrastructure. They will happily own their code into production, but want to use platforms instead of raw automation. That’s changing the landscape that we understand as DevOps with both architecture concepts (CloudNative) and process redefinition (SRE). Rob Hirschfeld’s recent work in Kubernetes operations has led to the conclusion that containers and related platforms have changed the way we should be thinking about DevOps and...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develop...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
The next XaaS is CICDaaS. Why? Because CICD saves developers a huge amount of time. CD is an especially great option for projects that require multiple and frequent contributions to be integrated. But… securing CICD best practices is an emerging, essential, yet little understood practice for DevOps teams and their Cloud Service Providers. The only way to get CICD to work in a highly secure environment takes collaboration, patience and persistence. Building CICD in the cloud requires rigorous ar...
"Evatronix provides design services to companies that need to integrate the IoT technology in their products but they don't necessarily have the expertise, knowledge and design team to do so," explained Adam Morawiec, VP of Business Development at Evatronix, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices to ...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
"ZeroStack is a startup in Silicon Valley. We're solving a very interesting problem around bringing public cloud convenience with private cloud control for enterprises and mid-size companies," explained Kamesh Pemmaraju, VP of Product Management at ZeroStack, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...