sold more than 4,200 equipment items in its latest auction in Fort Worth, TX, generating more than $59 million in gross transaction value and attracting more than 11,500 bidders.
Approximately 90% of the equipment in the auction, which was held from July 19 to July 21, was sold to U.S. buyers, including 42% sold to Texans, while the remaining 10% was purchased by international buyers from countries such as Australia, India and Singapore.
“Ritchie Bros. is transforming its live events to celebrate our customers and partners. Last week in Texas, we held an onsite customer appreciation day, an industry association meeting and a fantastic auction in Fort Worth,” Chuck Roberson, regional sales manager at Ritchie Bros., said. “With more than 11,000 bidders, we saw a lot of competition online and onsite, resulting in a strong pricing for most asset categories, especially construction-related equipment.”
Equipment items and trucks were sold for more than 640 owners at the auction, including a complete dispersal for Bradford Boring, a drilling contractor based in Oklahoma.
“We are very pleased with the results and look forward to working with Ritchie Bros. again,” Scott Bradford, owner of Bradford Boring, said. “It’s great that we were able to bring our items to Ritchie Bros.’ yard in Oklahoma City, selling virtually in a cost-effective and efficient way while getting the benefits of the big buying audience Fort Worth attracts.”
Five Big Sellers in Fort Worth
- 2020 Vermeer D100X140III directional drill – $430,000
- 2009 Grove GMK5130-2 130-ton 10x6x10 all-terrain crane – $320,000
- 2016 Caterpillar 160M3 AWD motor grader – $280,000
- 2008 Vermeer T755III tracked trencher – $250,000
- 2012 Caterpillar D8T dozer – $207,500
Auction Quick Facts
- Gross Transaction Value: More than $59 million
- Bidders: More than 11,500 from 58 countries
- Items sold: More than 4,200
- Consignors: More than 640
“Our next Fort Worth event in September is going to be special, with our very first Ritchie Bros. Energy Day, which will feature thousands of oil and gas specific assets stored onsite and at offsite locations in Midland, TX, and Oklahoma City, OK,” Kelly Kittson, director of strategic accounts and leader of the Ritchie Bros. energy team, said. “If you have equipment to sell, contact us as soon as possible so we can start marketing your equipment to the world.”