Ritchie Bros. reported that more than 10,800 people from 60 countries registered for its Fort Worth, TX, auction held between July 28 and July 29. The auction led to the sale of more than 4,400 equipment items and trucks for more than $58 million.
Since mid-March all Ritchie Bros. auctions have been online-only events to help keep employees and customers safe from COVID-19. Approximately 91% of the equipment in the Fort Worth auction was sold to U.S. buyers, including 41% purchased by buyers from Texas, while the remaining 9% sold to international buyers from Romania, China and Australia.
“Our 2020 summer Fort Worth auction saw a 42% increase in the number of lots and a 108% increase in bidders over the same auction in 2019,” Neal Black, regional sales manager for Ritchie Bros., said “As a result, we continue to see strong demand for quality used equipment across almost all categories. For anyone unable to get what they needed in Fort Worth this week, we have an IronPlanet auction today with more than 3,000 items — get online and start bidding.”
Sale Highlights from the Fort Worth Auction
Ritchie Bros.’ next Texas auction will be held in Houston from Aug. 25 to Aug. 26, 2020. The next Fort Worth auction will be held in September.
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