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Unprecedented Demand Drives Strong Pricing at Ritchie Bros. Auction in Fort Worth, TX

September 27, 2021, 06:00 AM
Filed Under: Auction News

Ritchie Bros.’ latest Texas auction attracted more than 12,600 online bidders from 64 countries to compete for over 4,300 items consigned by over 600 sellers. As a result of this unprecedented demand, Ritchie Bros.' Fort Worth auction generated more than $57 million in gross transaction value.

"We continue to drive record-breaking demand, with bidders up 17 percent from last September, and we have the best auctioneers in the business working to get our consignors every extra bid," said Chuck Roberson, Regional Sales Manager, Ritchie Bros. "Leading up to and during the auction, we safely welcomed thousands of interested buyers to inspect assets in person. The market is strong right now and buyers are proving it with very aggressive bidding. It's a great time to sell and we have a ton of upcoming opportunities, including our final Fort Worth auction of the year in December."

Approximately 92 percent of the assets in the September Fort Worth auction were sold to U.S. buyers, including 43 percent to Texans. The remaining 8 percent was sold to international buyers from as far away as Belgium, Ecuador and Taiwan. Leading up to the event, online equipment views per lot and PriorityBids were up 9 percent from last September.

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