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Auctions

Columbus, OH hosting huge pipeline construction auction in June

Bidadoo online auctions completes record first quarter with over 70 percent growth on eBay

bidadoo sales increased over 70 percent in the 1st Quarter of 2019, year-over-year. The company says that this significant increase can be attributed to bidadoo's growing experienced salesforce, geographic expansion – including additional growth in Canada and Mexico, and market migration to efficient online auctions. Increased sales was also fuelled by significant growth in the bidadoo Marketplace (Multi-channel: Buy-Now, Make-Offer), and further investment in customer-facing reMarketing technologies. These investments have greatly expanded bidadoo's operational capabilities, and success, in supporting some of the world's largest fleet owners.

Ritchie Bros. sells CA$60+ million of equipment in first Edmonton auction of 2018

Ritchie Bros. conducted its first Edmonton, AB auction of the year this week, selling more than 4,250 equipment items and trucks over three days (February 27 - March 1) for CA$60+ million (US$47+ million). More than 8,500 bidders from 53 countries registered to participate in the Edmonton auction, including 6,300+ online bidders. Approximately 89 percent of the equipment in the auction was sold to Canadian buyers, with buyers from Alberta purchasing 52 percent, while international buyers from countries such as the United States, China and the United Arab Emirates purchased 11 percent of the equipment. Approximately 64 percent of the equipment in the auction was sold to online buyers.

Bidadoo’s record year continues to disrupt traditional live auctions with ebay partnership

While traditional auctioneers announced closures of live auction locations in 2017, bidadoo experienced record equipment sales on eBay through increased participation and acceptance of trusted, transparent online auctions. This growth was supported and fueled by the bidadoo 100% Guarantee, the enhanced eBay Business Equipment Purchase Protection, and eBay's 168 million active buyers.

Integration with IronPlanet gains momentum for Ritchie Bros. during second quarter

Ritchie Bros. Auctioneers Incorporated reports results for the three and six months ended June 30, 2017. During the second quarter, the Company generated $166.2 million of revenue and $17.6 million of net income attributable to stockholders.  Diluted EPS attributable to stockholders was $0.16. Non-recurring charges of $4.8 million of stock option compensation expense related to the accelerated vesting of IronPlanet stock options assumed as part of the Merger, $9.1 million of acquisition and finance structure advisory costs, $1.4 million of severance and retention costs that followed the Merger in the resulting corporate reorganization, and an $8.9 million impairment loss recognized on various technology assets were recorded during the quarter. Removing the impact of these charges, diluted adjusted EPS attributable to stockholders (non-GAAP measure) was $0.33. 

Ritchie Bros. sells more than $45 million in Toronto auction

Ritchie Bros.' Toronto, ON auction site smashed its sales record for the third time in 12 months, selling CA$45+ million (US$32+ million) of equipment and trucks over two days (May 10 – 11, 2017). Toronto broke a single-auction sales record in May 2016 at CA$35+ million and then topped it only months later with a CA$39+ million auction in September. 

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Ritchie Bros. attracts more than 10,000 bidders for Edmonton auction

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).