10:48 AM EST - Ritchie Bros. : Ritchie Bros. conducted its first Edmonton, AB auction of the year this week, selling more than 5,000 equipment items and trucks over three days for $59+ million. Close to 11,500 bidders from 50 countries registered to participate in this week’s Edmonton auction—up approximately 12% from the same auction last year. Approximately 92% of the equipment in the auction was sold to Canadian buyers, with buyers from Alberta purchasing 49%, while international buyers from countries such as China, Switzerland, and Australia purchased eight percent of the equipment. Approximately 70% of the equipment in the auction was sold to online buyers, with 25% of online purchases made through Ritchie Bros.' mobile app. Ritchie Bros.
shares T.RBA are trading down $0.53 at $54.38.
