Edmonton April auction wrap up: CA$207+ million of equipment & trucks sold!

Auction Results Comments

Equipment for sale at Ritchie Bros.’ Edmonton auction.

Approximately 86 percent of equipment in the auction sold to Canadian buyers!

Last week, we sold 12,300+ equipment items and trucks for CA$207+ million (US$154+ million) during our massive five-day auction in Edmonton, AB. A record 17,600+ bidders from 59 countries registered to participate in the April 30 – May 4, 2019 auction, including 13,500+ online bidders.

Approximately 86 percent of the equipment in the auction was sold to Canadian buyers, with buyers from Alberta purchasing 52 percent, while international buyers from countries such as China, Poland, and the United Kingdom purchased 14 percent of the equipment. Online bidders purchased approximately 65 percent of the equipment.

Multiple company records broken – auction quick facts from Edmonton (April 2019):

  • Total gross transactional value – CA$207+ million (US$154+ million)
  • Amount sold to online bidders – CA$134+ million (US$100+ million)
  • Total registered bidders (in person and online) – 17,600+ *New Company record
  • Registered online bidders – 13,500+ *New Company record
  • Total lots sold – 12,300+ *New Canadian record
  • Number of sellers – 1,500+ *New Company record

Auction sales highlights included:

  • A 2013 Mech 4000 ultra-heavy telescoping double drilling rig sold for CA$820,000
  • A 2014 Western Star 4800TS T/A T/A with a Manitex 50255S boom truck sold for CA$425,000
  • A 2012 Caterpillar 627H motor scraper sold for CA$420,000
  • A 2011 Kenworth C500 T/A T/A 400-in. WB bed truck sold for CA$365,000
  • A 2012 Elrus M5585 closed circuit portable cone crushing plant sold for CA$355,000
  • A 2017 Caterpillar 160M3 AWD motor grader sold for CA$345,000
  • A 2013 Peterbilt 367 tri-drive hydro vac truck sold for CA$340,000
  • A 2011 Caterpillar D6T LGP dozer sold for CA$325,000
  • A 2013 Tigercat 870C feller buncher sold for CA$270,000

Equipment for sale at Ritchie Bros.’ Edmonton auction.

"We had a great live event in Edmonton last week, setting new company records for number of bidders and sellers," said Brian Glenn, SVP, Head of Canadian Sales, Ritchie Bros. "Despite a long and challenging winter for many companies across Western Canada, we witnessed positive pricing across all equipment categories. Oilfield transportation was a big feature of the auction; supported by strong out-of-country participation, we delivered very solid returns for consignors. Core construction assets also performed well as Canadian companies continue to adjust to market conditions and upgrade their fleets. We would like to thank all the sellers and buyers participating in last week's auction."

A record 1,500+ owners sold equipment in the Edmonton live auction, including a complete dispersal of 300+ assets for Harpoon Energy, a Red Deer, AB-based oilfield surface rental company.

"Ritchie Bros.' Edmonton April auction is the best Canadian sale of the year and I'm very pleased with the results we achieved this week," Dave Roberts, Owner of Harpoon Energy. "When you team good quality equipment with Ritchie Bros.' extensive pool of customers, you are going get market value or better for your assets and cash in hand in three weeks. Ritchie Bros. makes it easy."

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Thousands of companies sell equipment with Ritchie Bros. every year—from one item to a complete dispersal. Learn more about selling equipment with Ritchie Bros., or contact us to discuss your options.

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