Ritchie Bros. Conducts Largest Saskatchewan Auction

April 20, 2012—Ritchie Bros. Auctioneers conducted its largest Saskatchewan auction, selling more than $25 million of equipment at its grand re-opening auction in Saskatoon, SK on April 18. In total, more than 1,900 agricultural and other industrial equipment items were sold at this one-day unreserved public auction—a new Saskatoon site record. Every item was sold to the highest bidder, regardless of price—without minimum bids or reserve prices. Bids were made in the auction on-site, online in real time at www.rbauction.com, or by proxy.

 

"Since 2006, when we conducted our first auction at our Saskatoon site, we've experienced increasing demand to hold larger auctions here," said Jordan Clarke, regional sales manager for Ritchie Bros. Auctioneers. "Because of this demand, we invested in new auction facilities, including a new auction building that's nearly twice the size of the old one with seating for more than 1,000 people. Our customers responded to this investment by participating in our largest auction ever in Saskatoon—thank you so much to our buyers, sellers and the community of Saskatchewan that we are proud to be part of."

 

More than 3,950 people from 23 countries, including eight Canadian provinces and two territories registered to bid in person or online in the auction—this is a new Saskatoon site record for number of registered bidders. Bidders from outside Saskatchewan purchased more than $6 million or 25 percent of total gross auction proceeds. More than 1,600 of the bidders taking part in the auction registered to bid online and purchased more than $7 million of equipment available online—these are both new Saskatoon site records for number of online bidders and online gross auction proceeds.