Ritchie Bros. Auctioneers Exceeds $1 Billion in Annual Online Equipment Sales

December 8, 2011–, Ritchie Bros. Auctioneers, Vancouver, reached and exceeded $1 billion in online equipment sales for 2011. The company conducted three separate heavy equipment auctions on Dec. 7th at its auction sites in Atlanta, Ga., Albuquerque, N.M., and Edmonton, Alberta, Canada, with bidding on-site and online. An online bidder purchased a lot that resulted in the US$1 billion milestone: a 2005 Terex TA30 6x6 articulated dump truck sold for CA$92,500 (approx. US$91,700) in Edmonton.

Todd Halina, vice president, Construction for Chemco Electrical in Edmonton, was surprised to be the online bidder who purchased the lot resulting in the US$1 billion milestone. "Wow, that's great to be the buyer to help reach that goal," he said. "I wasn't able to go in person to the site today for the auction, so it was really handy to be able to bid right from my office." He's been attending Ritchie Bros. auctions for more than 10 years and bids online as well.

The company has sold $5 billion worth of equipment online since introducing its real-time online bidding service in 2002.

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