Alberta auction yards boom as oil businesses go bust

As the price of oil continues to languish below $50 abarrel, some oil and gas companies in Alberta are auctioning off their equipment to stay afloat orliquidatingafter being forced under.

But one man's hard times can be another's boom time, as the province's auction houses get busier.

We stopped by one sale at Canadian Public Auction in Calgary on Wednesdayto get a peek at what was on the block.

• Take a tour of the auction aboveto see what was up for grabs.