Going once, going twice: Calgary Stampede canvas auction returns after pandemic delay
CALGARY — The return of the Calgary Stampede’s canvas auction Tuesday night mirrored much of the economic uncertainty coming out of the COVID-19 pandemic.
The event is typically considered a bellwether for Alberta’s oil and gas industry, as many sponsors that pay to have their company names on chuckwagons competing in thefestival’s rodeoare energy industry players.
Of the 27 rigs set to take part this year, the top fetched $185,000 while the lowest was $35,000.
At the last canvas auction in 2019, 36 wagons raised nearly $3.3 million.