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Ritchie Bros. sells US$77+ million of equipment in record-breaking Fort Worth auction

The company also held US$52M+ Edmonton and US$40M+ Los Angeles auctions last week, as well a record-breaking real estate sale on Marketplace-E

VANCOUVER , Dec. 16, 2019 /CNW/ - Ritchie Bros . conducted 15 auctions last week, including its largest-ever Fort Worth, TX auction, selling 5,850+ equipment items and trucks for US$77+ million on December 10 – 11, 2019. Approximately 62 percent of the assets were sold to online buyers.

More than 8,300 bidders from 62 countries registered to bid in the two-day Fort Worth auction, including 6,750+ online bidders. Approximately 93 percent of the equipment in the auction was sold to US buyers, while international buyers from as far away as Australia , China , and Egypt purchased seven percent.

"We had a great selection of equipment, resulting in huge crowds and aggressive bidding both days of the auction," said Neal Black , Regional Sales Manager ( Fort Worth ), Ritchie Bros . "We set new Fort Worth records for GTV, number of consignors, and number of bidders. We also set a new company record for number of truck tractors sold in a single auction—on Day Two alone we sold 661 truck tractors for US$15 million . We'd like to thank all our sellers and buyers in 2019; we look forward to helping you again in 2020."

Later in the week, Ritchie Bros . held big auctions in Edmonton, AB ( Dec 12 – 14) and Los Angeles, CA ( Dec. 13 – 14).

The Los Angeles auction was the company's largest at the site in 12 years. More than 3,200 equipment items and trucks were sold in the two-day Los Angeles event for US$40+ million. Approximately 95 percent of the equipment was sold to U.S. buyers, while international buyers from as far away as France , India , and Taiwan purchased five percent of the assets.

Closing out the week, with its sixth and final auction of 2019, Ritchie Bros .' Edmonton team sold 5,000+ items for US$52+ million (CA$69+ million). This brings Edmonton's 2019 total to 49,200+ equipment items sold for US$465+ million (CA$619+ million).  

Ritchie Bros . also held several strong online events, with its IronPlanet and GovPlanet auction attracting 6,500+ bidders from 45 countries, while the company's Marketplace-E solution sold a 1999 Beechcraft B300 aircraft for US$950,000 and a commercial property in Arizona for US$7.6 million—a new record for the site.

Equipment sales highlights included:

  • A 2008 Liebherr LR1400/2 400-ton crawler crane sold for US$860,000 in Fort Worth, TX
  • A 2010 Caterpillar D9T dozer sold for US$420,000 in Fort Worth, TX
  • Two 2019 Peterbilt 567 mixer trucks sold for a combined US$380,000 in Lo Angeles, CA
  • A 2017 Caterpillar 950M wheel loader sold for US$200,000 in Los Angeles, CA
  • A 2018 Tigercat X870D feller buncher sold for US$355,000+ (CA$470,000) in Edmonton, AB
  • A 2014 Kenworth C500 tri-drive sleeper Texas bed winch tractor sold for US$196,000+ (CA$260,000) in Edmonton, AB

 

Auction Quick Facts

Fort Worth, TX

Los Angeles, CA

Edmonton, AB

Total gross transactional value (GTV):

US$77+ million

US$40+ million

US$52+ million (CA$69+ million)

Amount sold to online buyers:

US$48+ million

US$25+ million

US$40+ million (CA$53+ million)

Total registered bidders:

8,300+

5,700+

10,700+

Registered online bidders:

6,750+

4,250+

8,900+

Total lots sold:

5,850+

3,250+

5,000+

Number of sellers:

640+

525

770+

 

11 auctions and 26,000+ items left to sell in 2019
Ritchie Bros . will conduct its final auctions of 2019 this week, selling more than 26,000+ items for hundreds of owners, including 7,000+ items available through Marketplace-E. For more information, visit RitchieBros.com.  

About Ritchie Bros .:
Established in 1958, Ritchie Bros . (NYSE and TSX: RBA) is a global asset management and disposition company, offering customers end-to-end solutions for buying and selling used heavy equipment, trucks and other assets. Operating in a number of sectors, including construction, transportation, agriculture, energy, oil and gas, mining, and forestry, the company's selling channels include: Ritchie Bros . Auctioneers, the world's largest industrial auctioneer offers live auction events with online bidding; IronPlanet, an online marketplace with featured weekly auctions and providing the exclusive IronClad Assurance® equipment condition certification; Marketplace-E, a controlled marketplace offering multiple price and timing options; Mascus, a leading European online equipment listing service; and Ritchie Bros . Private Treaty, offering privately negotiated sales. The company's suite of multichannel sales solutions also includes RB Asset Solutions, a complete end-to-end asset management and disposition system. Ritchie Bros . also offers sector-specific solutions including GovPlanet, TruckPlanet, and Kruse Energy, plus equipment financing and leasing through Ritchie Bros . Financial Services. For more information about Ritchie Bros ., visit RitchieBros.com.

Photos and video for embedding in media stories are available at rbauction.com/media. 

Cision

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SOURCE Ritchie Bros .


View original content: http://www.newswire.ca/en/releases/archive/December2019/16/c5567.html

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