Tight supply & unprecedented demand drives record prices
On October 26 – 28, 2021 we conducted a three-day auction at our Edmonton, AB site, selling 7,600+ equipment items and trucks for 950+ owners and generating CA$85+ million (US$69+ million) in gross transaction value.
The unreserved auction attracted 17,700+ online bidders from 61 countries, with approximately 90% of the equipment purchased by Canadians, including 57% sold to Alberta buyers. The remaining 10% of the equipment was sold to international buyers from as far away as Australia, Belgium, and New Zealand.
“We continue to exceed customer expectations with equipment and truck pricing in 2021,” said Andrew Lutic, Regional Sales Manager, Ritchie Bros. “It’s not just one asset category either—as we’ve showcased in our monthly Market Trends Reports, pricing is strong across the board right now. Last week in Edmonton we sold an unused 2022 Kenworth T880 truck tractor for CA$232,500!
“We also saw an uptick in demand for oil and gas-specific assets, like boom trucks,” added Andrew. “It’s a seller’s market right now and I encourage interested consignors to contact us today to get their surplus equipment featured in one of our many upcoming online events.”
We currently have more than 40,000 equipment items and trucks listed in our upcoming events, including a giant crane auction in Decatur, AL on Nov. 3; Houston, TX on Nov. 9 - 11; and Grande Prairie, AB on 22 – 24. Our final Edmonton auction of 2021 will be held on December 9 - 11.
Five Big Sellers:
Here are five of the biggest sellers in our October Edmonton auction:
2018 Kenworth T800 T/A tri-drive w/ Terex Crossover800 boom truck – CA$505,000 (US$407,838)
2007 Caterpillar D8T crawler tractor – CA$315,000 (US$254,394)
2008 Kobelco CK850 85-ton crawler crane – CA$285,000 (US$230,166)
2017 Volvo P7110B asphalt paver – CA$275,000 (US$222,090)
2018 Freightliner 122SD tri-drive sleeper truck tractor – CA$165,000 (US$133,254)
Sell my equipment