FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / News / Read News


Ritchie Bros. Sells Over $46MM of Equipment at Fort Worth Auction

May 06, 2016, 04:00 AM
Filed Under: Auction News

A diverse selection of construction, transportation and farming equipment attracted thousands of buyers from around the world to this week's Ritchie Bros. auction in Fort Worth, TX (May 4-5, 2016). By auction's end, 4,325 people had registered to bid in person and online, and 3,750+ items had been sold.

In total, Ritchie Bros. sold more than US$46 million of equipment over two days, including US$21+ million (45 percent) sold to online bidders. Out-of-state buyers purchased US$25+ million (55 percent) of the equipment, from as far as Colombia, Vietnam, and the United Arab Emirates.

"We had a very diverse mix of gear across all sectors that attracted strong crowds and active bidding," said Dolan Aucoin, Regional Sales Manager, Ritchie Bros. "From quality yellow iron and trucks to late-model farm equipment, including combines, tractors and more, this auction had it all. We saw stable pricing on both days of the auction, helping us achieve solid results for consignors."

Close to 500 companies and contractors sold equipment in the auction, including Roper Inc., an equipment dealer based in Odessa, TX.
"I've known Ritchie Bros. for years—I don't know of anybody else that I trust as much as them," said Robert Pomroy, owner of Roper Inc. "Whether you're doing a complete liquidation or selling 20 pieces like me, I'd recommend Ritchie Bros."

Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.