April 2, 2008

Ritchie Bros. Edmonton industrial auction sets new record

EDMONTON

Ritchie Bros. Auctioneers set a new site record for bidder registrations both onsite and online at its unreserved industrial auction in Edmonton, Alberta on March 26 and 27, 2008.

The public auction attracted more than 6,330 bidder registrations, 600 more than the site's previous record from an unreserved auction held one year ago. The two-day auction held last week generated gross auction proceeds in excess of CA$50 million, more than CA$8 million of which came from internet buyers.

Over 3,700 items from more than 500 consignors were sold, with registered bidders participating from 17 countries, including 32 U.S. states and all 13 Canadian provinces and territories. Over 1,100 of those participants took part live and online using the Ritchie Bros. real-time internet bidding service, rbauctionBid-Live.

“A tremendous number of people attended our sale, and more than 900 were first-time registrants,” said Brian Glenn, Ritchie Bros. Auctioneers Regional Manager. “Our first auction of the year saw strong sales results on forestry and construction equipment, with 34 percent of total proceeds going to buyers from outside Alberta.”

Earl Marshall of Earl Marshall Trucking out of Erskine, AB, sold 13 equipment items in the Edmonton auction, including wheel loaders, end dumps trailers, a dump truck, an aggregate screen plant and aggregate conveyer.

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