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Record Pricing Continues in Texas with Ritchie Bros. $79MM Fort Worth Auction

March 22, 2022, 07:15 AM
Filed Under: Auction News

Ritchie Bros. announced record pricing continued in Texas last week, with the company's first Fort Worth auction of the year generating more than $79 million in gross transaction value. The three-day online auction attracted over 14,700 bidders from 68 countries to compete for more than 4,600 items from roughly 770 consignors.

"We continue to see unprecedented demand for equipment and trucks in today's market, driving prices well beyond expectations—especially for transportation equipment," said Neal Black, Regional Sales Manager, Ritchie Bros.

Approximately 91 percent of the equipment in the March 15 – 17 online Fort Worth auction was purchased by U.S. buyers, including 38 percent purchased by Texans. The remaining 9 percent was purchased by international buyers from as far away as Australia, Egypt and Guyana. The March 2022 Fort Worth auction attracted approximately 39 percent more PriorityBids than the same event last year.

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