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$81MM+ of Equipment Sold in Ritchie Bros. Texas Auction

June 05, 2020, 07:05 AM
Filed Under: Auction News

Ritchie Bros. conducted its largest ever Fort Worth, TX, auction this week, selling close to 5,300 equipment items and trucks for more than $81 million. Due to the COVID-19 pandemic, the auction was held with online-bidding only and set a new site bidder record in the process, registering 11,600+ people from 68 countries.

Approximately 93 percent of the equipment was sold to U.S. buyers, including 43 percent purchased by Texas buyers, while international buyers from such countries as Australia, Germany and the United Arab Emirates purchased 7 percent. Mobile app purchases made up 17 percent of total sales.

"We continue to break attendance records in 2020—eclipsing 10,000 bidders for the first time in Texas—resulting in solid pricing across most equipment categories and record GTV in this week's Fort Worth auction," said Neal Black, Regional Sales Manager, Ritchie Bros.

More than 20,000 PriorityBids were made in the Fort Worth auction—up 221 percent from the previous Fort Worth auction in March.

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