Ritchie Bros. is returning to Nanaimo for a large forestry equipment auction at the Nanaimo Assembly Wharf on Oct. 26.
The world’s largest industrial auctioneer, based in Vancouver, Ritchie Bros is conducting an unreserved public auction with more than 285 equipment items and trucks 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.
Bidders can participate in person or online at rbauction.com and by proxy.
More than 40 owners will sell equipment at the Nanaimo 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.
This is the second sale for Ritchie Bros. in Nanaimo, which held a previous sale in March at Duke Point.
Ritchie Bros. is pleased to be working with the Port Authority again and taking advantage of its conveniently-located Nanaimo Assembly Wharf, adjacent to downtown Nanaimo.
“We’ve been working with them and it’s a good event,” says David Mailloux, Manager for Connections and Public Affairs, Nanaimo Port Authority. “We’re quite excited about working with them. We’re looking at a long term relationship.”
Adam Pruss, regional sales manager, Ritchie Bros, says the unreserved auction will sell to the highest bidder.
“That’s what makes us very unique. We don’t have regularly scheduled auctions. There’s c onsiderable investment to hold an auction on site.”
Pruss says a majority of the equipment is from Island Fibre, which features a quality selection of late-model, well-maintained, low-hour equipment.
“They’re selling a large package of equipment,” says Pruss. “Island Fibre has decided that they’re downsizing their equipment. It will be an exciting sale. The economy for forestry equipment is very good.”
Mailloux says the Assembly Wharf has convenient “lay-down acreage that is central to Vancouver Island and easily accessible for all forms of transportation, whether by air, rail, barge and deep sea cargo ships. “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.”
The auction starts at 9 am on Monday, October 26 and finishes when every item is sold. Another auction is scheduled for November 19 with forestry equipment in Prince George, BC.