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Sellers flock to Fort Worth, TX for US$61+ million Ritchie Bros. September auction

Two-day auction sets new site record for consignors; attracts 6,800+ bidders from 58 countries

FORT WORTH, TX , Sept. 26, 2019 /CNW/ - More than US$61 million worth of equipment items and trucks were sold for 730+ owners in Ritchie Bros .' latest Fort Worth, TX auction, setting a new consignor record for the site.

More than 6,800 people from 58 countries registered to bid on 5,200+ items in the Sep 24 – 25, 2019 auction. Approximately 88 percent of the items in the auction were purchased by U.S. buyers, including 45 percent purchased by buyers from Texas . International buyers from such countries as Australia , Egypt , and the United Kingdom purchased 12 percent of the equipment. Online buyers purchased 60 percent of the assets.  

"We sold a wide selection of equipment this week for more than 700 owners with strong attendance and buyer participation on both days," said Neal Black , Regional Sales Manager, Ritchie Bros . "I'd like to offer a huge thank you to all the sellers who trusted us to meet their expectations. We had a great auction this week, with solid pricing, and we encourage equipment buyers to check out the thousands of items being sold online through IronPlanet.com and Marketplace-E."

Equipment highlights in the Fort Worth auction included 500+ truck tractors, 250+ aerial work platforms, 160 excavators, 50+ loader backhoes, 140+ skid steers, 75+ flatbed trucks, 60 wheel loaders, 30+ dump trucks, 50+ dozers, and more. All items were sold without minimum bids or reserve prices.

Specific sales highlights:

  • 4 x 2012 Caterpillar D8T crawler tractors sold for a combined $1.04 million
  • A 2015 Caterpillar D8T crawler tractor sold for $365,000
  • A 2015 Kenworth T800 12x6x4 w/ Manitex 70-ton boom truck sold for $275,000
  • A 2015 Caterpillar 740B articulated dump truck sold for $232,500
  • A 2010 Grove RT890E 90-ton 4x4 rough terrain crane sold for $200,000
  • A 2017 Gomaco GT3600 curb & gutter machine sold for $215,000


AUCTION QUICK FACTS: FORT WORTH, TX ( Sep 2019 )

  • Total gross transactional value – US$61+ million
  • Amount sold to online bidders – US$37+ million (60 percent) *new site record
  • Total registered bidders (in person and online) – 6,800+
  • Registered online bidders – 5,500+
  • Total lots sold – 5,200+
  • Number of sellers – 738 *new site record


Ritchie Bros . currently has more than 56,000 equipment items, trucks, and other assets listed for sale through its various marketplaces. For a complete list of upcoming auctions and equipment available, visit rbauction.com and ironplanet.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 Auctioneers, 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

View original content:http://www.prnewswire.com/news-releases/sellers-flock-to-fort-worth-tx-for-us61-million-ritchie-bros-september-auction-300925795.html

SOURCE Ritchie Bros . Auctioneers


View original content: http://www.newswire.ca/en/releases/archive/September2019/26/c6797.html