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Ritchie Bros. Sells $60MM+ of Equipment, Trucks in Texas Auction

May 23, 2022, 07:06 AM
Filed Under: Auction News

Last week, Ritchie Bros. conducted its second Fort Worth, TX, auction of the year, selling over $60 million of equipment and trucks for more than 700 consignors. The three-day online auction saw gross transaction value grow approximately 9 percent year over year.

More than 11,100+ bidders from over 60 countries registered to participate in the May 17–19 online auction, with approximately 93 percent of the equipment purchased by Americans, including 38 percent sold to Texans. The remaining 7 percent of the assets were purchased by international buyers from as far away as Brazil, Thailand and Australia.

"We saw a ton of interested buyers come through our auction yard leading up to the event, inspecting and testing items in person prior to bidding from their home, office, or mobile phone," said Chuck Roberson, Regional Sales Manager, Ritchie Bros. "We continue to drive strong pricing for late-model equipment, including an unused 2022 K-Tec scraper pan that sold for $205,000, with 100 percent of the proceeds donated by the OEM to Habitat for Humanity."

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