Ritchie Bros. Sells More Than $71MM of Equipment at Auction
SEP 27, 2022 - 7:39 am
At a recent auction in Fort Worth, TX, Ritchie Bros. sold close to 5,000 equipment items and trucks over three days for more than $71 million in gross transaction value, up 25% from the same auction last year. The unreserved online auction attracted more than 10,800 online bidders from 63 countries.
“We continue to see strong demand for late-model, low-hour equipment and trucks,” Nicolas Agudelo, regional sales manager, Ritchie Bros., said. “Even with tight supply, our Fort Worth event offered a diverse selection of equipment catering to buyers from a variety of industries. Assets were strategically located in several yards and sequenced over three auction days online. We’d like to thank all the customers who continue to put their trust in Ritchie Bros. for their buying and selling needs. For customers unable to get items in Fort Worth last week, please check out the many upcoming events on our auction calendar.”
According to Ritchie Bros., 88% of the equipment in the Sept. 20 to Sept. 22 auction was sold to U.S. buyers, including 42% sold to Texans. The remaining 12% was sold to international buyers from Australia, Finland, Israel and Malaysia.
“Day Three was our first dedicated Energy Day in Fort Worth,” Mike Brzezinski, regional sales manager and leader of the energy team at Ritchie Bros., said. “Our customers in the energy sector benefitted greatly from selling their construction and transportation assets in Fort Worth, with a massive global audience watching. We also had an entire day dedicated to energy-specific equipment. Our next Energy Day will be held on day three of the Fort Worth auction on December 13 – 15—contact us today and let us start advertising your equipment to the world.”
Equipment highlights from Fort Worth included more than 340 truck tractors, more than 115 excavators, more than 115 forklifts, more than 90 bucket trucks, more than 80 skid steers, as well as cranes, miscellaneous drilling equipment and more. Items were sold for close to 700 consignors, including Fort Worth-based land clearing company Thelin Recycling.
“We got a lot more for our equipment than we expected,” Bill Taylor, equipment manager for Thelin Recycling, said. “Ritchie Bros. is so efficient, and they get your equipment in front of hundreds of thousands of potential equipment buyers—it’s hard to beat! I’ve been selling with Ritchie Bros. since 2007 and they always do the best they can to get the most money possible for our equipment.”
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