The world of machinery is really getting smaller. Ritchie Bros announced today that they sold more than one billion dollars worth of machinery in Canada in 2012. This is a new company record according to the company.
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NEWS RELEASE: We sold more than CA$1 billion of equipment at Canadian auctions in 2012! bit.ly/U4JIDs
— Ritchie Bros. (@RitchieBros) December 19, 2012
Obviously farm machinery auctions have become big business and with farmers willing to have equipment shipped overseas and across the continent, the globalization of auctioning is bringing big total dollars to the industry.
According to the Press Release:
“This has been a monumental year for Ritchie Bros. in Canada—not only have we sold more than CA$1 billion of equipment in Canada alone in 2012, but also we held our largest Canadian auction in Edmonton, AB last April as well as our largest auctions in Saskatchewan and Quebec earlier this month,” said Kevin Tink, Senior Vice President, Sales, Ritchie Bros. Auctioneers. “None of these records could have been achieved without the thousands of equipment buyers and sellers that participate in our Canadian auctions from across the country and around the globe. For example, we sold more than CA$60 million of equipment at our Edmonton auction last week for more than 550 sellers and attracted more than 4,700 bidders from 42 countries. As an example of our global reach, one lot, in particular, had bids from all over the world, including: Russia, South Africa, Sweden, California, Pennsylvania, Quebec and Alberta. It’s this ability to attract a global audience that allows us to achieve true market value for all the equipment we sell in Canada and at all our auctions around the world.”