Similkameen ranch sold at auction

Nine hundred participants showed up for the auction, the third one in B.C. this year for Ritchie Brothers Auctioneers.

Approximately 900 people braved some of the coldest weather of the season so far to participate in the auction of Way Home Ranch near Olalla on Saturday.

 

 

The Way Home Ranch, located just east of Olalla, was auctioined off on Saturday.

Nine hundred participants showed up for the auction, the third one in B.C. this year for Ritchie Brothers Auctioneers.

A good part of Keremeos and area population was represented at various times during the day as the auctioneer van made its way down the rows of merchandise lining the fields of the picturesque ranch property. Hundreds of cars lined a makeshift parking lot in a hayfield.

Members of the Grist Mill Society were also present at the event, supplying and operating a concession stand that was acting as a fund raiser for the Grist Mill.

The 212 acre ranch, along with two mobile homes and a vast assortment of equipment including tractors, excavators, recreational vehicles, agricultural equipment and a vast assortment of miscellaneous pieces were auctioned through a six hour period on November 19. The real estate portion of the ranch sold for $800,000 to a buyer out of Lethbridge.

“It’s going very well,” said Tyler Ruttan, Area Manager for Ritchie Auctions midway through Saturday afternoon. The company fielded a team of roughly 20 for the Olalla event, which ran with speed and efficiency.

“People are here from the prairies and south across the line. Everything is sold, as it’s a completely unreserved auction.

We are excited to be back in B.C.”

Ruttan said that demand for unreserved auction action was growing in the province.

“It motivates people,” he said by way of explanation as to why sellers chose to auction their property instead of listing it.

“People anticipating an auction get their finances in order, knowing that everything will sell in a single day. The seller generally ends up with more money.”

Ruttan noted that many people think that sellers revert to auctions as a way to sell their property as a last resort – but that isn’t the case.

“We hold hundreds of auctions across Canada,” he explained, “Auctioning allows people to get cash for their assets in a timely manner.”

Ritchie Brothers hold auctions on site or at permanent locations in Alberta and in Chilliwack.

“We’d like to thank British Columbians for having us in the Similkameen for our third time in B.C. this year,” Ruttan said.

 

Just Posted

Vehicle smashes sign and cars in Summerland school parking lot

Driver of a Ford Expedition lost control, crashing into two other vehicles

Dangerous driving in Keremeos and Vernon nets jail time

Gary Patrick Richard will serve 73 days in jail for dangerous driving and other offences

Top classic car show cruises back into Penticton

Peach City Beach Cruise runs June 21 to 23 in Penticton

Penticton pharmacy restricted from dispensing opioid treatment drugs

B.C. College of Pharmacists alleges Sunrise Pharmacy dispensed treatment drugs against rules

Historical Red Bridge celebrated in Canada Post heritage stamp series

Keremeos resident remembers bridge as spot to swim half a century ago

PHOTOS: Elusive ‘ghost whale’ surfaces near Campbell River

Ecotourism operator captures images of the rare white orca

A Kelowna medical research company needs adults with autism spectrum disorder for a study

Three-hundred-fifty patients worldwide will participate in the study

B.C. church’s Pride flag defaced for second time in 12 days

Delta’s Ladner United Church says it will continue to fly the flag for Pride month

RAMA and Migrants Rights Network supporters protest for enhanced labour rights amongst migrant workers

‘I benefit from people who come and do the work that we can’t find other Canadians to do’

Michael McDonald to play in the Okanagan

The five-time Grammy Award winner has sold out Mission Hill Family Estate Winery

Police probe report of shooting as Raptors rally continues

There were reports of a woman being injured at the event that celebrates the team’s NBA title win

North Okanagan adds wildfire protection

“The important message we would like to get out is that there are actions that people can take to make their homes less susceptible to the threat of wildfires”

Oil and gas sector cautious as deadline on Trans Mountain decision nears

Trudeau government expected to announce whether it will approve pipeline for second time on Tuesday

Skipping school costs a dozen B.C. students chance at a new car

Cowichan’s Jared Lammi showed up and won $5,000 cheque toward vehicle, but he can’t drive

Most Read