Ritchie Bros. Conducts Largest Montreal Auction in Company History

March 24, 2015

Ritchie Bros. sold more than CA$44 million (more than $34 million) of heavy equipment and trucks at an unreserved public auction in Montreal, QC; the largest Montreal auction in company history.

The two-day auction also set new site records for online sales (more than CA$20 million or more than $15 million), total number of registered bidders (5,800+) and number of online bidders (2,600+). Every item was sold without minimum bids or reserve prices. Bids were made in person at the auction site or online. 

Buyers from outside Quebec purchased approximately 48 percent 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.