Ritchie auction makes more than $CA85m

Ritchie Bros has confirmed it sold more than 7,600 equipment items and generated CA$85+ million at an auction at its site in Edmonton, Alberta.
Auctions, Used Equipment, Rental & Finance / November 24, 2021
By Ben Spencer
Ritchie Bros Terex Crossover800 boom truck Caterpillar D8T crawler tractor Edmonton alberta auction
Big sellers included a Caterpillar D8T crawler tractor and a Kobelco CK850 85-tonne crawler crane (© Jörg Hüttenhölscher | Dreamstime.com) 

Big sellers include a 2018 Kenworth T800 T/A tri-drive w/ Terex Crossover800 boom truck (CA$505,000), a 2007 Caterpillar D8T crawler tractor (CA$315,000) and a 2008 Kobelco CK850 85-tonne crawler crane (CA$285,000).

Ritchie says the three-day auction attracted more than 17,700 online bidders from 61 countries, with approximately 90% of the equipment purchased by Canadians, including 57% sold to Alberta buyers. The remaining 10% of the equipment was sold to international buyers from as far away as Australia, Belgium and New Zealand.

Andrew Lutic, regional sales manager at Ritchie Bros, says: "We continue to exceed customer expectations with equipment and truck pricing in 2021. It's not just one asset category either—as we've showcased in our monthly market trends reports, pricing is strong across the board right now. Last week in Edmonton we sold an unused 2022 Kenworth T880 truck tractor for CA$232,500! We also saw an uptick in demand for oil and gas-specific assets, like boom trucks. It's a seller's market right now and I encourage interested consignors to contact us today to get their surplus equipment featured in one of our many upcoming online events."

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