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Ritchie Bros. Sells $44MM+ of Equipment in Texas Auction

May 17, 2018, 07:12 AM
Filed Under: Auction News

Ritchie Bros. sold more than $44 million of equipment and trucks over two days at its live, unreserved auction in Fort Worth, Texas.

More than 4,750 people from 59 countries registered to bid in the May 15-16 event, including more than 3,450 people registering to bid online. U.S. buyers purchased approximately 87 percent of the equipment, including 49 percent purchased by Texas buyers, while international buyers from countries such as Mexico, Thailand and New Zealand purchased 13 percent of the equipment. Online buyers purchased 54 percent of the assets. 

"We had a great turnout this week—with attendance up approximately 12 percent year over year—resulting in strong pricing across most equipment categories," said Dolan Aucoin, Sales Director, Ritchie Bros. "Speaking with contractors at the auction, many of them have a nice backlog of projects which is keeping demand high at our auctions. We also saw solid pricing on the transportation gear and oilfield-related equipment featured in the auction."

In total, Ritchie Bros. sold some 3,750 items for more than 565 owners in Fort Worth.

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