Ritchie Bros. Moves $57MM of Equipment at Fort Worth Auction

During an auction in Fort Worth, TX last week, Ritchie Bros. sold more than $57 million of equipment, including $27 million to online bidders. The auction spanned two days, during which more than 5,000 people registered to bid on nearly 6,000 items, setting a state record for Ritchie Bros.

Out-of-state buyers purchased more than $31 million of equipment (55%), including more than $5.5 million sold to out-of-country buyers (10%).

“It’s been a fantastic couple of days, with tremendous bidder turnout,” said Bill Hogan, regional sales manager for Ritchie Bros. “We had quality gear from top brands and companies in the auction, with quite a lot of late-model, low-hour equipment. The selection of equipment and our commitment to selling unreserved attracted a record number of bidders for us here in Texas, resulting in solid pricing on most asset categories on both days of the sale, particularly for transportation equipment.”

Specific equipment sales highlights:

  • Four 2013 John Deere 470G LC hydraulic excavators sold for a combined $917,500
  • A 2013 Caterpillar D6T XL dozer sold for $225,000
  • A 2014 Caterpillar 140M2 VHP Plus motor grader sold for $220,000
  • A 2014 Caterpillar 950K wheel loader sold for a combined $195,000
  • Five Caterpillar 420FIT 4×4 loader backhoes sold for a combined $225,500
  • Two 2014 Kenworth T800 tri-drive sleeper truck tractors sold for a combined $170,000
  • 10 Mack CHU613 Pinnacle truck tractors sold for a combined $650,000

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