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Ritchie Bros. Sells $58MM+ of Equipment in Fort Worth, TX, Summer Auction

August 03, 2020, 07:10 AM
Filed Under: Auction News

Bidder registrations at Ritchie Bros. auctions continue to surge, with more than 10,800 people from 60 countries registering to bid for its big summer Fort Worth, TX, auction. More than 4,400 equipment items and trucks were sold for more than $58 million.

Since mid-March all Ritchie Bros. auctions are online-only events, to help keep employees and customers safe from COVID-19. Approximately 91 percent of the equipment in this week's Fort Worth auction was sold to U.S. buyers, including 41 percent purchased by buyers from Texas, while the remaining 9 percent sold to international buyers from as far away as Romania, China, and Australia.

"Our 2020 summer Fort Worth auction saw a 42 percent increase in the number of lots and a 108 percent increase in bidders over the same auction in 2019," said Neal Black, Regional Sales Manager, Ritchie Bros. "As a result, we continue to see strong demand for quality used equipment across almost all categories. For anyone unable to get what they needed in Fort Worth this week, we have an IronPlanet auction today with more than 3,000 items—get online and start bidding!"

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