Ritchie Bros. recently conducted a more than $50 million auction at its site in Fort Worth, TX. The two-day online auction attracted more than 11,250 people to bid on 3,750 items.

Approximately 90% of the assets in the auction were sold to U.S. buyers, including 40% to Texans, while the remaining 10% were sold to international buyers from countries such as Egypt, Spain, India and New Zealand.

“We spoke to a lot of happy consignors after the auction as we continue to drive record-breaking demand and strong returns,” Chuck Roberson, regional sales manager at Ritchie Bros., said. “For customers unable to get what they needed in this week’s auction, we have a ton more upcoming buying opportunities, including two auctions in Houston next month and our next Fort Worth sale in September where we will welcome back customers for auction day.

“The pandemic has made online buying more common, but customers have told us they miss the camaraderie and networking of being there in person. Our auctions have always been about more than equipment — it’s also an industry event for many of our customers.”

Five Big Sellers

• 2014 Kobelco CK1100G crawler crane – $365,000
• 2016 Volvo L250H wheel loader – $180,000
• 2017 John Deere 9570R 4WD tractor – $170,000
• 2016 John Deere 460ET 6×6 articulated dump truck – $167,500
• 2018 Caterpillar 326FL hydraulic excavator – $150,000

Auction Quick Facts

• Gross Transaction Value (GTV): More than $50 million
• Total Registered Bidders: More than 11,250
• Total Number of Lots: More than 3,750
• Total Number of Consignors: More than 650