Montreal Auction in Canada Breaks Records for Ritchie Bros.

March 24, 2015 - Ritchie Bros. sold more than $34 million (CA$44 million) during an unreserved auction last week in Montreal, Quebec., and the company indicates it's the largest Montreal auction in its history. The two-day auction 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, 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 this week 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. Buyers from outside Quebec purchased approximately 48% of the equipment."

 

More than 2,700 equipment items and trucks were sold in the auction, including 110+ excavators, 50+ compactors, 40+ wheel loaders, 35+ crawler tractors, 130 truck tractors, 260 trailers, and more. Sales highlights included eight Komatsu HD465-7EO rock trucks that sold for CA$3.3+ million combined, three Caterpillar D8T crawler tractors that sold for CA$1.1+ million combined, and three Komatsu WA500-6 wheel loaders that sold for CA$780,000 combined.