On October 26, Ritchie Brothers Auction utilized several acres of available land at Port of Nanaimo’s Assembly Wharf to provide a venue for an auction of heavy construction equipment. This was its second auction on the site in 2015 and by all accounts the auction was a success.
Vancouver-based Ritchie Bros., the world’s largest industrial auctioneer, returned to Vancouver Island to auction more than 325 items in an unreserved public auction, including a 2003 Madill 124 grapple yarder, more than 20 log trucks, a solid selection of processors, forestry trailers, excavators, log loaders, log grapples, articulated dump trucks and more. More than 1,200 bidders participated online and in person.
“This was our second sale on Vancouver Island this year, and it was really exciting to be back,” said Adam Pruss, Regional Sales Manager, Ritchie Bros. “We had a major realignment for Island Fibre Ltd. at this auction, which features a quality selection of late-model, well-maintained, low-hour equipment. I’m looking forward to meeting with our customers from all over the Island, and seeing where all of this equipment ends up. Everything was sold without minimum bids or reserve prices, and all of the equipment was located right at the auction site so bidders could test, inspect and compare items before bidding.”
More than 40 owners sold equipment at the auction, including Island Fibre Ltd., a Vancouver Island-based stump-to-dump logging contractor. Island Fibre is downsizing and selling a large selection of logging equipment.
“Our gear was in good shape—you don’t run the size of company we have and not maintain your gear,” said Don Behan, Principal, Island Fibre. “I’ve been attending Ritchie Bros. auctions since 1985. It is always a great place to buy, and with its online bidding and international exposure, Ritchie Bros. is a very safe place to sell too. They do a good job, which is the reason they just don’t have any competition.”
In March 2015, Ritchie Bros. worked with Nanaimo Port Authority to hold its first auction at the Duke Point terminal, and the experience brought them back in October. “The Assembly Wharf is a load centering port with convenient lay-down acreage that is central to Vancouver Island and easily accessible for all forms of transportation, whether by air, rail, barge and vessels,” said David Mailloux, Manager of Communications & Public Affairs, Nanaimo Port Authority. “More than that, though, we are a solutions port, and we’re looking forward to working with Ritchie Bros. and providing solutions for their customers.”