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Ritchie Bros. Sells $72MM+ of Equipment at Texas Auction

March 13, 2020, 07:15 AM
Filed Under: Auction News

Ritchie Bros. continues to attract record numbers of bidders in 2020, with its latest auction in Fort Worth, TX, registering more than 9,150 bidders from 65 countries. More than $72 million of equipment items and trucks were sold in the March 10-11 auction.

Approximately 61 percent of the equipment in the auction was sold to online buyers. U.S. buyers purchased 92 percent of the assets in the auction, including 43 percent purchased by Texas buyers, while international buyers from such countries as Australia, Belgium and Egypt purchased 8 percent. Purchases through Ritchie Bros.’ mobile application were up 97 percent from the same auction in 2019.

“We continue to see record crowds for our 2020 auctions, with bidder registrations up 39 percent over the same auction last year,” said Neal Black, Regional Sales Manager, Ritchie Bros. “Our Fort Worth auction this week had a great line-up of late-model, low-hour equipment resulting in strong pricing across almost all equipment categories.”

More than 5,500 equipment items were sold in the two-day Fort Worth auction.

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