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Ritchie Bros. Sells $40MM+ of Equipment at Final 2016 Texas Auction

December 06, 2016, 07:00 AM
Filed Under: Auction News

Ritchie Bros. held its fifth and final Fort Worth, TX auction of the year this week, selling 4,950+ items over two days for US$40+ million.

More than 4,600 people from 56 countries registered to bid in the November 30 – December 1 auction, including 3,200+ bidders participating online. U.S. buyers purchased 91 percent of the equipment, including 47 percent purchased by Texas buyers. International buyers from as far away as Hong Kong, Cameroon, and the United Kingdom purchased nine percent of the equipment.

"We saw a record number of bidders for this time of year," said Bill Hogan, Regional Sales Manager, Ritchie Bros. "This week's auction featured a great selection of oil, gas, power and utility equipment, general construction, vocational trucks and transport trucks, with strong bidding activity producing steady pricing across the board. We would like to thank all the sellers and buyers who participated in this auction or any of our auctions in 2016."

Ritchie Bros. sold equipment for 500+ owners in the auction. Highlights included 255+ truck tractors, 385+ trailers, 90+ excavators, 75+ compactors, 65+ skid steers, 50+ loader backhoes, 25+ dozers, a large selection of drilling equipment and more. All items were sold without minimum bids or reserve prices.

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