Ritchie Bros. sells more than CA$1 billion of equipment at Canadian auctions in 2012

Ritchie Bros. Auctioneers, the world’s largest industrial auctioneer, has sold more than CA$1 billion of equipment and trucks in its Canadian auctions to date in 2012—the first time the Company has achieved this mark in Canada in a single year in its 54-year history. The new record was set at Ritchie Bros.’ unreserved public auction in Edmonton, AB on December 13 – 14, 2012. More than CA$60 million (US$61+ million) of equipment and trucks was sold in the Edmonton auction—with all items being sold to the highest bidders regardless of price—without minimum bids or reserve prices. Bids were made in person at the Edmonton auction site, online in real time at www.rbauction.com or by proxy.

“This has been a monumental year for Ritchie Bros. in Canada—not only have we sold more than CA$1 billion of equipment in Canada alone in 2012, but also we held our largest Canadian auction in Edmonton, AB last April as well as our largest auctions in Saskatchewan and Quebec earlier this month,” said Kevin Tink, Senior Vice President, Sales, Ritchie Bros. Auctioneers.

Established in 1958, Ritchie Bros. Auctioneers 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, trucks and other assets utilized in the construction, transportation, agricultural, material handling, mining, forestry, petroleum and marine industries. Ritchie Bros. has over 110 locations in more than 25 countries, including 44 auction sites worldwide.