March 20 - Ritchie Bros. sold more than CAD44 million (USD34 million) of heavy equipment and trucks at an unreserved public auction held in Montreal from March 18-19.
The two-day auction, which Ritchie Bros. says was the largest Montreal auction in company history, also set new site records for online sales, total number of registered bidders and number of online bidders.
"We've seen positive pricing trends in Canada so far in 2015," said Randy Wall, president, Canada at Ritchie Bros. "Despite concerns in the oil and energy sectors we've seen strong results in western Canada and now the trend has continued east with our record-breaking auction in Montreal. We had active bidder participation from across Canada and around the world, both on-site and online, with equipment selling to buyers from as far away as Italy, Singapore and Australia."
More than 2,700 trucks and items of equipment were sold in the auction, including over 110 excavators, 50 compactors, 40 wheel loaders, 35 crawler tractors, 130 truck tractors and 260 trailers.
Every item was sold without minimum bids or reserve prices, with bids being made in person at the auction site, online and by proxy.
A Ritchie Bros. auction in Edmonton, Canada.