October auction at Edmonton site expected to draw thousands of buyers

1964: Lester B. Pearson was the prime minister in Canada, Ernest Manning was in his 21st year as premier of Alberta, and Ritchie Bros. was holding its first auction in Alberta. A little over 10 years later, in 1976, Ritchie Bros. was opening an auction site just outside Edmonton.

 

Close to 40 years later, Ritchie Bros.’ Edmonton auction site is still going strong, and we’ve added two more permanent auction sites in Alberta, in Grande Prairie and Lethbridge.

From October 27-29, 2015, Ritchie Bros. will host its 5th Edmonton auction of 2015. The auction already features more than 5,600 items from hundreds of sellers, and is expected to draw thousands of interested buyers from across the province, Canada and beyond.

Deep roots and proven results keep equipment sellers coming back

 

Thanks to these deep roots, almost everyone knows Ritchie Bros. in Alberta, and we know everyone. We have a seasoned sales team on the ground, with deep market knowledge that comes with decades of experience.

“This is the third time we’ve done a realignment through Ritchie Bros.,” Guy Turnbull, owner and president of A-1 Rentals, said after selling his equipment at our Edmonton auction site in April 2015. “We keep coming back because returns have been so strong.”

So how do we get great returns for sellers like Guy? Because we know how to attract the largest, most competitive bidding audience to our auctions:

• Selection! Nowhere else can buyers find everything they need—all types of equipment, all the top brands. More cars than a car auction, more brand-name gear than a brand-name auction.
• Comprehensive equipment info and pictures online
• Large, well-organized yards at our bidding locations to make inspections easy (our Edmonton site is currently 120 acres)
• In-house financing to give buyers spending power
• Three bidding options so everyone can participate (in person, online, proxy)
• First-class facilities so on-site buyers can be comfortable and see the equipment while they bid
• Industry-leading online bidding (US$1.8 billion sold online in 2014)
• No minimum bids or reserve prices—so buyers know they’re not wasting their time on auction day, because every item will be sold

After this long in the province, Ritchie Bros. is part of Edmonton and Alberta’s history—its past, present, and future. With such deep roots and decades of proven results, contractors across the province keep coming back to buy and sell their equipment.

Bigger and better equipment auctions each year

 

We hold six auctions in Edmonton each year, with those held in April and October typically being the largest as contractors gear up for the busy summer and winter months. Our Edmonton auctions attract thousands of bidders—and the numbers are growing (up 43% from 2014 to 2015).

Highlights from the past two years include:

• April 2014 Edmonton auction
o 6,000+ lots sold
o CA$143+ million of equipment sold
o 9,400+ bidders from 49 countries

• April 2015 Edmonton auction (largest Canadian auction in Ritchie Bros. history)
o 7,700+ lots
o CA$215+ million of equipment sold
o 14,000+ bidders from 55+ countries

• September 2015 Edmonton auction (largest September auction ever in Alberta)
o 7,300+ lots
o CA$101+ million of equipment sold
o 9,850+ bidders from 50+ countries

Next Edmonton auction scheduled for October 27-29, 2015

 

Ritchie Bros.’ Edmonton team is now preparing for our next big, three-day equipment auction in Edmonton, which will feature thousands of equipment items and trucks.

Interested in selling in Edmonton? Fill out a simple form on our website or contact your local Ritchie Bros. rep.

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