Ritchie Bros.’ Fort Worth Auction Breaks Records, $77MM+ of Equipment Sold



Ritchie Bros. conducted 15 auctions last week, including its largest-ever Fort Worth, TX auction, selling more than 5,850 equipment items and trucks for more than $77 million from December 10 to December 11, 2019. Approximately 62% of the assets were sold to online buyers.

More than 8,300 bidders from 62 countries registered to bid in the two-day Fort Worth auction, including 6,750+ online bidders. Approximately 93% of the equipment in the auction was sold to U.S. buyers, while international buyers from as far away as Australia, China and Egypt purchased 7%.

“We had a great selection of equipment, resulting in huge crowds and aggressive bidding both days of the auction,” said Neal Black, regional sales manager (Fort Worth), Ritchie Bros. “We set new Fort Worth records for GTV, number of consignors, and number of bidders. We also set a new company record for number of truck tractors sold in a single auction—on Day Two alone we sold 661 truck tractors for US$15 million. We’d like to thank all our sellers and buyers in 2019; we look forward to helping you again in 2020.”

Ritchie Bros. held big auctions in Edmonton, AB December 12 – 14 and in Los Angeles December 13 – 14.

The Los Angeles auction was the company’s largest at the site in 12 years. More than 3,200 equipment items and trucks were sold in the two-day Los Angeles event for more than $40 million.

Approximately 95% of the equipment was sold to U.S. buyers, while international buyers from as far away as France, India and Taiwan purchased 5% of the assets.

Closing out the week, with its sixth and final auction of 2019, Ritchie Bros.’ Edmonton team sold more than 5,000 items for more than $52 million (C$69 million). This brings Edmonton’s 2019 total to more than 49,200 equipment items sold for more than $465 million (C$619 million).
  
Ritchie Bros. also held several strong online events, with its IronPlanet and GovPlanet auction attracting 6,500+ bidders from 45 countries, while the company’s Marketplace-E solution sold a 1999 Beechcraft B300 aircraft for $950,000 and a commercial property in Arizona for $7.6 million — a new record for the site.


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Terry Mulreany
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