Back to back record-breaking auctions in Toronto, ON

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Massive Toronto equipment auction

4,200+ items sold for 800+ consignors in the May 11 – 13 online auction

After a CA$49-million auction in March, our Ontario team set right back to work, building their May auction into another record-breaker. Last week we sold 4,200+ items for 800+ consignors in Toronto for CA$53+ million (US$44+ million), making it our new largest-ever auction in Ontario.

“We built some great momentum out of our record-breaking March sale, which resulted in some fantastic packages of trucks and equipment consigned to this auction,” said John Glenn, Regional Sales Manager, Ritchie Bros.

More than 9,200 online bidders from 67 countries registered for the May 11 – 13 Toronto sale. Approximately 89 percent of the assets were sold to Canadians, including 65% sold to Ontario buyers, while the remaining 11 percent was sold to buyers from as far away as Australia, Ecuador, Poland, and the Philippines. Online equipment views were up 78% compared to the same auction last year.

“Current market conditions, and our ability to drive demand, have resulted in buyers paying a premium for equipment and trucks right now,” added Mr. Glenn. “Especially hydraulic excavators, wheel loaders, truck tractors, reefer trailers, and dry vans.”

Five Big Sellers in Toronto

Wheel loaders sold by auction

This 2016 Caterpillar 982M wheel loader, with 4,865 hours, sold to an online buyer from Concord, ON for CA$390,000 (US$322,530).

Excavators sold by auction

This 2005 John Deere 800C hydraulic excavator, with 6,411 hours, sold to an online buyer from Cornwall, ON for CA$260,000 (US$215,020).

Dump trucks sold by auction

This 2016 Caterpillar 745C 6x6 articulated dump truck, with 12,798 hours, sold to an online buyer from Halifax, NS for CA$202,500 (US$167,468).

Cranes sold by auction

This 2006 Grove RT890E 90-ton 4x4x4 rough terrain crane, with 13,346 hours, was sold for CA$200,000 (US$165,400) to an online buyer from Nassau, in the Bahamas.

Plow trucks sold by auction

This 2015 Freightliner FL108SD T/A plow/sander truck, with 26,971 kilometers, was sold for CA$180,000 (US$148,860) to an online buyer from Brockville, ON.

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