Ritchie Bros.’ Makes Over $69 million in Auction (2019)

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Edmonton has witnessed its first Ritchie Bros.’ Auction of 2019. The auction was definitely a success, with sales going up; more than 5000 items and vehicles too. This auction was only three days long, with a success that sets a high bar for upcoming auctions. A total of 69 million in Canadian dollars were made this year; which shows a 15% increase in sales compared to the previous years.

The auction had quite an audience with over 10,150 bidders from many different countries and nationalities (a total of 54). This number shows a huge turnover rate, as only 19% were bidders who came from the previous year. The higher percentage, with no doubt was sold to Canadian residence as they form the higher percentage of visitors. There was also a huge number of sales for online buyers, which is a huge step in modern auctions.

The sold items were presented from over 600 owners. Some items were sold by local companies and organizations including Fire Power Oilfield Firefighting Ltd., which as the name suggests works in safety services and firefighting. Louise Rupertus, Owner of Fire Power Oilfield Firefighting, was happy with the numbers seen for his sales and commented “Ritchie Bros. is so professional and accommodating—this was my first complete dispersal and they were there every step of the way providing guidance and taking the stress off me.”

With many different items sold, ranging from a large scale of prices, the auction was a huge success. The following are some of the sales transactions that stood out due to their prices:

  • Three Caterpillar D6T LGP dozers ($1,557,500)
  • Caterpillar 349EL VG hydraulic excavator ($370,000)
  • Caterpillar 730C ejector 6×6 articulated dump truck ($320,000)
  • Caterpillar CT660S tri-drive hydro vac truck ($285,000)
  • John Deere 872GP AWD motor grader ($237,500)

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The winner of the title Mr. Pune 2009, Mr. Shreyas Tanna is currently the young, dashing, and dynamic CEO of a market research company called ResearchNReports in Pune. Fondly known as RNR, the company specializes in market research as well as industry analysis, and is closely associated with its parent company Absolute Market Insights (AMI). Mr. Shreyas Tanna began his corporate journey as the Head of Corporate sales & PR at RED Entertainment while pursuing his degree for MMS (Marketing) from the MGM College of Management, Mumbai. After accomplishing the tedious task of balancing his work and education, he further polished his skills in Corporate Sales, Public Relations, Channel Development, Global Client Engagement, Strategic Consulting, and Brand Development by working with HDFC Life and Researchmoz Global Pvt. Ltd. His dedication towards his work has even won him accolades such as the National Level Performer 2013 – HDFC Life and Mr. Research Moz 2015. A disciplined individual with a loving heart, he is often seen taking crisp walks with an engrossed look and a gentle smile within the premises of his company to interact with the various departments. And he will be usually followed by an adorable trail of his beloved trio of Shih Tzu babies proudly known as Gucci, Drake, and Paris. The most enticing thing that you will notice about this content and proud pet parent is his infectious positivity and the firm belief in his eyes, a reflection of his favorite quote, “LIFE IS BEAUTIFUL!”