Full Breakdown
Calgary Stampede Canvas Auction Sets New Records
4/12/2026, 8:13:31 PM
Record-Breaking Auction Results
The Calgary Stampede canvas auction achieved historic success, raising a total of $6,075,000 for the drivers participating in this year’s Rangeland Derby. This amount significantly surpassed the previous record of $4,015,000 set in 2012. Among the 27 drivers whose canvases were auctioned, Rae Croteau Jr. set a new record for a single canvas, fetching a bid of $550,000 from Bar L5 Ranch, nearly doubling the prior high bid of $300,000.
Economic Implications and Community Support
The auction's success reflects a strong community backing for chuckwagon racing, as noted by Stuart O’Connor, chair of the Calgary Stampede, who highlighted the palpable energy during the bidding process. O’Connor also mentioned the presence of eight new bidders, indicating a growing interest in the sport. Joel Cowley, CEO of the Calgary Stampede, expressed astonishment at surpassing last year's total of $3.8 million, attributing the high bids to a combination of local economic factors, including recent spikes in oil prices.
Deborah Yedlin, President and CEO of the Calgary Chamber of Commerce, remarked that the willingness to make substantial bids suggests a level of confidence in the local economy. However, she cautioned that economic uncertainty persists, with 27% of Calgary businesses expressing pessimism about the future. Yedlin pointed out that inflation and geopolitical conflicts could impact local economic conditions.
Optimism Amid Uncertainty
Despite the prevailing economic concerns, there was a sense of optimism surrounding the auction. Yedlin noted that while uncertainties exist, including trade negotiations and their potential effects, the overall atmosphere during the auction was positive, a sentiment echoed by various stakeholders. The Calgary Stampede is scheduled to take place from July 3 to 12, 2023, and organizers hope the auction's success will translate into a vibrant event.
Verbatim Quotes
- “The energy in that room was palpable,” — Stuart O’Connor, Chair of the Calgary Stampede
- “if people did not feel confident (about the economy), there’s no way they would have written such large cheques.” — Deborah Yedlin, President and CEO of the Calgary Chamber of Commerce
Conclusion
The Calgary Stampede canvas auction not only set new financial records but also highlighted the community's support for chuckwagon racing amidst economic uncertainties. As the event approaches, stakeholders remain hopeful that the enthusiasm generated by the auction will carry over into the Stampede itself.
