Ritchie Bros. held its second Fort Worth, TX, auction of the year, selling more than $60 million of equipment and trucks for more than 700 consignors. The three-day online auction yielded year-over-year gross transaction value growth of approximately 9%.
More than over 11,100 bidders from more than 60 countries registered to participate in the online auction, which was held from May 17 to May 19, with approximately 93% of the equipment purchased by buyers from the United States, including 38% by buyers from Texas. The remaining 7% of the assets were purchased by international buyers from countries such as Brazil, Thailand and Australia.
“We saw a ton of interested buyers come through our auction yard leading up to the event, inspecting and testing items in person prior to bidding from their home, office or mobile phone,” Chuck Roberson, regional sales manager at Ritchie Bros., said. “We continue to drive strong pricing for late-model equipment, including an unused 2022 K-Tec scraper pan that sold for $205,000, with 100% of the proceeds donated by the OEM to Habitat for Humanity. Thank you to all our consignors and buyers for continuing to put your trust in Ritchie Bros. We hope to see many of you at our site in July for our next big Fort Worth event. I encourage interested sellers to contact us today so we can begin marketing your assets to the world.”
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