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Ritchie Bros. Reports Record-breaking Fort Worth Auction Results

March 17, 2017, 07:00 AM
Filed Under: Auction News

As the dust settled after two action-packed days at Ritchie Bros.' Fort Worth auction site (March 15-16), the sales figures and turnout revealed the company's largest-ever Texas auction. More than 5,675 people registered to bid in person and online, purchasing 6,250+ equipment items and trucks for US$75+ million.

Approximately 45 percent (US$33+ million) of the equipment in the auction was sold to online bidders. U.S. buyers purchased US$69+ million of equipment (92 percent), including US$33+ million sold to Texas buyers (45 percent). International buyers purchased eight percent.

"We've started strong in Texas with a great Houston auction in February and now a record-breaker here in Fort Worth," said Dolan Aucoin, Sales Director, Ritchie Bros. "We had a packed house in Fort Worth this week, with very active bidding and solid pricing on the record-setting selection of equipment and trucks available. As a result, we set a new Texas record for gross auction proceeds, and were up 32 percent over the same auction last year. I'd like to offer a huge thank you to all the sellers and buyers who took part in this historic auction."

Ritchie Bros. sold equipment for a site record 690+ sellers, including 100+ hydraulic excavators, 600+ vocational trucks, 670+ trailers, and a large selection of oil & gas equipment.

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