Events like this happen once a year, at most. On June 27 - 28, 2019, the world's largest industrial auctioneer, Ritchie Bros., will sell more than 120 pipelayers and other pipeline construction equipment at its auction site in Columbus, OH. Every single item will be sold without minimum bids or reserve prices.
Last week, Ritchie Bros. sold 12,300+ equipment items and trucks for CA$207+ million (US$154+ million) during its massive five-day auction in Edmonton, AB.
Ritchie Bros. has conducted its first Edmonton, AB auction of the year, selling more than 5,000+ equipment items and trucks over three days for CA$69+ million (US$52+ million)—up 15% year over year.
Kruse Energy Auctioneers, a Ritchie Bros. solution focusing on energy equipment-related auctions, recently sold a Loadcraft 2000HP SCR drilling rig at its event in Odessa, TX for US$5.5 million, making it the most expensive drilling rig the company has ever sold. The high bidder for the rig was Scandrill Inc., an onshore drilling contractor operating in the Permian Basin, Louisiana, and Texas. Scandrill Inc. currently has 15 rigs in operation.
With winter on its way, many Alberta contractors are realigning their fleets for winter work, making it a perfect time for another Ritchie Bros. auction. More than 10,600 people registered to bid for the company's latest Edmonton, AB auction, held last week. More than 8,000 equipment items and trucks were sold in the four-day auction (Oct. 25-28, 2016) for CA$129+ million (US$96+ million).
Having already sold more than 25,000 items in Edmonton in the first half of 2016, Ritchie Bros.' flagship Canadian site will host its fourth auction of 2016 September 7 – 9. More than 5,100 equipment items are already listed to be sold in the September auction, with more to be added before auction day.
On September 28 – 29, two of the longest-running pipeline companies in the United States will be selling their entire fleets. More than 160 pipelayers, along with massive dozers and support equipment, will be sold by unreserved auction in Columbus, OH, by the world's largest industrial auctioneer: Ritchie Bros.