FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / News / Read News


Sellers See Strong Returns in Ritchie Bros. $55MM+ Auction in Fort Worth, TX

May 24, 2021, 07:10 AM
Filed Under: Auction News

Buyer demand and equipment pricing continues to trend upwards at Ritchie Bros. auctions around the globe. Most recently the company sold over 4,300 equipment items and trucks for more than $55 million at its site in Fort Worth, TX. The online auction attracted 13,500 bidders from 66 countries.

"We continue to break registration records, resulting in strong pricing across almost every single equipment category," said Chuck Roberson, Regional Sales Manager, Ritchie Bros. "Sellers were very happy with returns, with several consignors planning to sell more through our Houston auction next month, or through one of our IronPlanet or Marketplace-E solutions. We encourage sellers to contact us today to take advantage of unprecedented demand across all our sales channels."

With 100 percent of the bidding online, the auction attracted over 100 equipment views per lot—up 52 percent year over year—and 29,000+ PriorityBids. Approximately 85 percent of the equipment in the Fort Worth auction was sold to U.S. buyers, including 38 percent purchased by Texans, while the remaining 15 percent was sold to international buyers from as far away as Australia, Belgium, India and Thailand.

Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.