Ritchie Bros conducted one of the largest Grande Prairie auctions in Company history last week, selling more than 2,400 equipment and real estate items for total gross auction proceeds in excess of CA$46 million (US$46 million). The unreserved public auction attracted record numbers of in person and online bidders for that site, with buyers coming from as far away as Chile and the United Arab Emirates. Almost CA$17 million (US$17 million) of equipment was sold to buyers from outside Alberta.

The auction featured a diverse selection of equipment for the construction, pipeline, agricultural and transportation industries, as well as agricultural, industrial and residential real estate. It attracted over 4,700 bidders from a dozen countries, including 31 U.S. states and 12 Canadian provinces and territories. More than 850 of those people registered to bid online using the Ritchie Bros. internet bidding service, rbauctionBid-Live, purchasing more than CA$8 million (US$8 million) of equipment and property – a new Grande Prairie site record. Ritchie Bros. conducted the unreserved public auction at its permanent auction site in Grande Prairie on April 16 & 17, 2008.

Posted: 04|21|08 at 12:01 pm. Filed under: Auction News.