Two recent Ritchie Bros. auctions in Texas and Quebec totaled more than $76 million in sales.
Thousands of registered bidders from 67 countries participated at the two unreserved public equipment auctions conducted by Ritchie Bros. Auctioneers in Montreal, Quebec and Fort Worth, Texas earlier this week.
Ritchie Bros. (www.rbauction.com), the world's largest industrial auctioneer, sold CA$40+ million (US$36+ million) of equipment in Montreal, attracting more than 5,000 bidders from 52 countries at its auction held September 24-25, 2014.
The company's two-day equipment auction held at the same time in Fort Worth, Texas, generated US$40+ million (CA$44+ million) in gross auction proceeds, and attracted close to 3,300 bidders from 56 countries.
The auction in Montreal broke site records for largest number of sellers (750+) and largest number of items ever sold (nearly 4,200).
"The results of this week's auction are very encouraging in all industry sectors," said Jessy Cantin, regional sales manager, Ritchie Bros. Auctioneers. "The focus for equipment buyers in Montreal during September is preparation for the winter, so we saw particularly strong results in snow removal gear and heavy construction equipment."
Auctioned equipment included wheel loaders, motor graders, crawler snow blowers, and utility tractors.
The Fort Worth auction featured more than 3,000 heavy equipment items, including a selection of oilfield, construction, and transportation equipment.
"This week's auction in Texas saw strong pricing across all categories, particularly for specialized transportation equipment," said Adam Kawulok, regional sales manager, Ritchie Bros. Auctioneers. "Utility trucks were predominantly on high demand on day two of the auction along with bucket trucks and boom trucks."
The Ritchie Bros. auction calendar currently features more than 95 unreserved public auctions around the world, including the Company's next unreserved public auctions in Montreal, Quebec and in Fort Worth, Texas, both scheduled for December 3 - 4, 2014. Visit www.rbauction.com for a complete list of upcoming auctions.
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