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Ritchie Bros. Sells $57MM+ of Equipment at Forth Worth Auction

March 04, 2016, 07:24 AM
Filed Under: Auction News

Ritchie Bros. announced its recent two-day auction set a new Texas-state records for number of bidders and items sold. The yard was packed with equipment—all of it lined up carefully, ready to be sold—as huge crowds showed up to bid at the auction held on March 2-3. Over two days, more than 5,250 people registered to bid on the 5,850+ items sold, setting new state records for the Company.

Ritchie Bros. sold more than $57 million of equipment in Fort Worth, including $27+ million sold to online bidders. Out-of-state buyers purchased $31+ million of equipment (55 percent), including $5.5+ million sold to out-of-country buyers (10 percent).

"It's been a fantastic couple of days, with tremendous bidder turnout," said Bill Hogan, Regional Sales Manager, Ritchie Bros. "We had quality gear from top brands and companies in the auction, with quite a lot of late-model, low-hour equipment. The selection of equipment and our commitment to selling unreserved attracted a record number of bidders for us here in Texas, resulting in solid pricing on most asset categories on both days of the sale, particularly for transportation equipment."

More than 550 companies sold equipment in the auction, including Brazos Rock, Inc., which sold 70+ items including excavators, dozers and motor graders. The Weatherford, TX-based company provides oil and gas services across the U.S., having recently expanded throughout the Gulf Coast region and into the Northeastern and Midwestern United States.

"When I think of Ritchie Bros, I think of one word: trust," said Paul Lesarge, Equipment Manager, Brazos Rock, Inc. "I've known Ritchie Bros. for more than 25 years. They are honest and professional, and I'm absolutely thrilled with how my equipment has performed with them."

Established in 1958, Ritchie Bros. is the world's largest seller of used equipment for the construction, transportation, agriculture, material handling, energy, mining, forestry, marine and other industries.

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