CA$204M+ of equipment sold in Canada's largest auction

Auction Results Comments

Ritchie Bros. conducts Canada’s largest equipment auction

23,800+ bidders from 55 countries participate in Edmonton

Last week we conducted our largest Canadian equipment auction of the year, selling 11,000+ equipment items and trucks for 1,600+ consignors in Edmonton, AB, and generating 204+ million (US$158M+) in gross transaction value.

“There was a lot of excitement in the market for our spring Edmonton auction, with many customers quick to comment on the incredible lineup of equipment we put together this year,” said Ryan Eacrett, Vice President, Ritchie Bros.

“Late-model construction equipment was especially in demand last week in Edmonton, bringing incredible results for consignors, while transportation assets continued their long run of great pricing. We saw strong participation from bidders around the world, but Canadian buyers were very aggressive, buying up most of the assets.”

The May 2 – 7, 2022 online auction attracted more than 23,800 bidders from 55 countries, with approximately 91% of the equipment sold to Canadians, including 56% sold to Albertans. The remaining nine percent of the assets were purchased by international buyers from as far away as Belgium, India, Australia, and Peru.

Equipment highlights in the six-day auction included 300+ truck tractors, 190+ excavators, 130+ skid steers, 130+ dozers, 100+ forklifts, 60+ aerial work forms, 50+ agricultural tractors, and more. Approximately 70 items were sold for Alberta company Green Pastures Holdings Ltd.

"We've been buying and selling with Ritchie Bros. since we started our company 17 years ago," said Kevin Kossman, who owns and operates Green Pastures with his wife, Liela. "They are always professional and organized, their financing is great, and our sales rep is always quick to respond. As far as I'm concerned, Ritchie Bros. is the only way to sell equipment."

Top 10 Sellers in Edmonton

2017 Caterpillar 627K motor scraper – CA$1,020,000 (US$794,070)

Ritchie Bros. sells construction equipment

2008 Caterpillar D10T crawler tractor – CA$875,000 (US$681,188)

Ritchie Bros. sells construction equipment

2018 Caterpillar 745 articulated dump truck – CA$705,000 (US$548,843)

Ritchie Bros. sells construction equipment

2021 Hitachi ZX470LC-6 VG hydraulic excavator – CA$560,000 (US$435,960)

Ritchie Bros. sells construction equipment

2018 John Deere 844K-III wheel loader – CA$525,000 (US$408,713)

Ritchie Bros. sells construction equipment

2015 Kenworth C500 National NBT45TM 45-ton straight boom truck – CA$440,000 (US$342,540)

Ritchie Bros. sells construction equipment

2014 Foremost on a 2014 Kenworth T800 8x6 vacuum truck – CA$390,000 (US$303,615)

Ritchie Bros. sells energy equipment

2017 Caterpillar 160M VHP Plus AWD motor grader – CA$385,000 (US$299,723)

Ritchie Bros. sells construction equipment

2021 Kenworth T800 8x6 sleeper winch tractor – CA$382,500 (US$297,776)

Ritchie Bros. sells energy equipment

2021 Kenworth T800 8x6 truck tractor – CA$340,000 (US$264,690)

Ritchie Bros. sells transportation equipment

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