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Ritchie Bros. Breaks Multiple Site Records in Fort Worth

More than 3,100 equipment items were sold in an auction that featured bidders from all over the world.

Thu March 21, 2013 - West Edition
Construction Equipment Guide

Lanny Williams, an independent contractor from Auburn, Neb., is very interested in this  John Deere 550H dozer.
Lanny Williams, an independent contractor from Auburn, Neb., is very interested in this John Deere 550H dozer.
Lanny Williams, an independent contractor from Auburn, Neb., is very interested in this  John Deere 550H dozer. Cameron (L) and Robert Chambless, Chambless Construction in Gainsville, Texas, think this Cat D5M dozer will fit just right into their fleet. Al Herter, Herter Enterprises LLC in Mountain Home, Ark., is going to bid on this Dynapac 151 pad foot roller. Hale and Michele Inman of Tractor Boy Equipment in Denton, Texas, are pretty interested in this Cat 345C excavator. Carmelo Chavez, Lonestar Trenching and Excavation in Fort Worth, Texas, is getting ready to give this John Deere 200C LC excavator a thorough lookover. Keith Keene, Concrete Crushing Co. in Houston, Texas, takes a photo op with this Hitachi EX550LC excavator. Tom Finegan, Underground Utilities in Austin, Texas, will be bidding on this Cat 301.8  mini-excavator. Tommy Clark (L), Tractor Ranch Inc. in Wills Point, Texas, has been discussing prices with Jose Hernadez of Mid-Tex Forwarding in Hildalgo, Texas.

Ritchie Bros. Auctioneers sold more than $44 million of equipment items and trucks at a two-day unreserved public auction held at its permanent auction site in Fort Worth, Texas on March 5 and 6.

New auction site records were set for total registered bidders (more than 3,900) and total online bidders (more than 2,300). Equipment highlights included a 2009 Freightliner Cascadia truck tractor that sold for $49,000 and formed part of the professionally maintained, 23-truck Walmart fleet featured in the Fort Worth auction as well as a 2008 Caterpillar D8T crawler tractor that sold for $282,500.

In total, more than 3,100 equipment items and trucks were sold in the auction for more than 470 sellers — every item was sold to the highest bidder, without minimum bids or reserve prices.

“This auction offered one of the largest quantities of high-quality late-model equipment that I have seen at our auctions here in Fort Worth,” said Adam Kawulok, regional sales manager, Ritchie Bros. Auctioneers. “The unprecedented number of late-model Caterpillar D8T crawler tractors and professionally maintained Walmart trucks that were sold is just a glimpse of the great collection of well-maintained, late-model equipment that we continue to offer at our Fort Worth auctions. And, with so many of the people bidding in our auctions being end-users, selection is very important for our buying customers. It’s because of that and the ability of Ritchie Bros. to reach buyers from all over — as was shown by the multiple records set at this auction — that we create a competitive bidding environment which allows us to achieve strong values for the sale of our equipment.”

More than 3,900 people from more than 60 countries, including 48 U.S. states, nine Canadian provinces and one Canadian territory, registered to bid in person or online in real time at the auction. Bidders from outside Texas purchased more than $24 million (55 percent of total gross auction proceeds).

More than 2,300 of the bidders taking part in the auction registered to bid online and purchased more than $19 million of equipment online (43 percent of total gross auction proceeds).

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