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Ritchie Bros. Sells $50MM+ of Equipment in Fort Worth, TX, Auction

July 27, 2021, 07:07 AM
Filed Under: Auction News

Ritchie Bros.' Texas team held a more than $50 million auction at its site in Fort Worth, TX. The two-day online auction attracted more than 11,250 people to bid on 3,750 items, resulting in strong pricing across nearly every asset category.

Approximately 90 percent of the assets in the auction were sold to U.S. buyers, including 40 percent to Texans, while the remaining 10 percent was sold to international buyers from as far away as Egypt, Spain, India and New Zealand.

"We spoke to a lot of happy consignors after the auction, as we continue to drive record-breaking demand and strong returns," said Chuck Roberson, Regional Sales Manager, Ritchie Bros. "For customers unable to get what they needed in this week's auction we have a ton more upcoming buying opportunities, including two auctions in Houston next month and our next Fort Worth sale in September where we will welcome back customers for auction day.

"The pandemic has made online buying more common, but customers have told us they miss the camaraderie and networking of being there in person. Our auctions have always been about more than equipment—it's also an industry event for many of our customers," he added.

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