Auctioneers Holds Largest Single-Owner Farm Sale in Canada
US Auction News
Press Release
Ritchie Bros. Auctioneers (TSX:RBA)(NYSE:RBA), the world’s largest industrial auctioneer, today announced that it conducted what it believes to be the largest single-owner unreserved agricultural auction ever held in Canada. The auction, held on Friday, March 24, took place near Stockholm, Saskatchewan (in the Yorkton area), and generated gross auction sales of more than CAD$7.7 million.
The large, unreserved farm and real estate dispersal auction was conducted for General Resources Inc. The auction included 83 quarter sections of land (one quarter section is 160 acres) and all the equipment needed to farm it, including tractors, combines and headers, swathers, trucks, trailers, grain handling and heavy duty equipment. As with all Ritchie Bros. auctions, everything was sold unreserved, meaning there were no minimums or reserve bids. Every item on sale day sold to the highest bidder, regardless of price.
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