Record Attendance at Ritchie Bros. $56MM+ Fort Worth Auction

Ritchie Bros.’ Fort Worth auction site set a new bidder record during its first auction of the year, attracting close to 7,200 people to participate in its $56+ million auction.

More than 4,800 items from 670+ owners were sold in the two-day event in March. Approximately 88% of the assets were purchased by U.S. buyers, including 44% purchased by buyers from Texas. International buyers from such countries as Mexico, Malaysia, and Australia purchased 12% of the equipment. Online buyers purchased 64% of the assets.

“We are pleased with our Fort Worth auction this week, attracting 38% more bidders year over year,” said Neal Black, regional sales manager, Ritchie Bros. “Texas continues to be a robust market for Ritchie Bros., where consignors and buyers look to us as a destination of choice to help manage their fleets, whether through our live onsite auctions in Fort Worth and Houston or our online solutions through IronPlanet and Marketplace-E.”

Equipment highlights in the Fort Worth auction included 440+ truck tractors, 190+ aerial work platforms, 150+ excavators, 95+ loader backhoes, 90+ skid steers, 65+ flatbed trucks, 50+ wheel loaders, 45+ telehandlers, 40+ dump trucks, 30+ dozers, 25 motor graders, and more.

All items were sold without minimum bids or reserve prices.

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
Susie Angelucci
Advertising: 484.459.3016

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.