Five-day auction sets new company record, registering 23,500+ people from 58 countries , /PRNewswire/ - Last week . sold a staggering 10,700+ equipment items for CA$184+ million (US$131+ million) in its first-ever online-only auction in . The company, which has been conducting auctions in for close to six decades, has temporarily converted to online bidding only to maintain the safety of its customers and employees during the COVID-19 pandemic. The – 15, 2020, auction welcomed more than 23,500 online bidders from 58 countries, setting a new company attendance record. Approximately 87% of the assets in the auction were sold to Canadian buyers, including 47% purchased by Albertans, while international bidders purchased 13%. One hundred percent of the equipment in the auction was sold to online buyers, including 20% purchased through .' mobile application.

Five-day auction sets new company record, registering 23,500+ people from 58 countries

ENTREC Corporation ("ENTREC" or the "Company") announced today that it has completed the sale of surplus equipment to Ritchie Bros. Auctioneers (Canada) Ltd. The total proceeds from the sale was $17.7 million. The majority of the surplus equipment sold was associated with the Company's Acheson location, which was closed in March 2020. The proceeds from the sale were utilized to reduce long-term debt.