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Ritchie Bros. Sells More Than $45M of Equipment in Houston, Texas

Tue August 27, 2019 - West Edition #18
Ritchie Bros. Auctioneers

Ritchie Bros. sold more than 5,300 equipment items for more than $45 million at its latest Houston, Texas, auction on Aug. 20 to 21.

More than 7,250 people registered to bid in the two-day auction, including more than 5,850 registering to participate online. United States' buyers purchased approximately 88 percent of the equipment, including 47 percent purchased by Texas buyers, while international buyers from such countries as Australia, Germany and Vietnam purchased 12 percent of the equipment. Online buyers purchased 61 percent of the assets.

"We had record crowds for our Houston auction this week, resulting in a couple of good auction days," said Alan McVicker, regional sales manager, Ritchie Bros. "We were able to build strong momentum for this sale as a result of an early consignment from well-known local contractor Glenn Fuqua, who was doing a complete dispersal of his construction division. We ended up with more than 7,250 equipment items from 608 consignors in this week's auction, which is a record for August. We also had 118 items from Texas in our weekly IronPlanet auction on Aug. 22."

McVicker continued, "Our Houston auction also featured a great package of workover rigs and well service support equipment for Martex Well Services LLP. Both Glenn Fuqua and Martex were very pleased with the results we achieved for them. Thank you to all the sellers and buyers in this week's Houston sale."

Equipment highlights in the Houston auction included more than 335 truck tractors; more than 315 trailers; more than 330 aerial work platforms; more than 90 excavators; more than 90 skid steers; more than 60 loader backhoes; more than 45 dozers; more than 25 cranes; and more. All items were sold without minimum bids or reserve prices.

Close to 100 items were sold for Glenn Fuqua Inc. in the Houston auction.

"The auction went very well for us — we were pleased with the equipment prices and the way all the Ritchie Bros. employees handled our business. We couldn't be happier," said Glenn Fuqua. "I've been working with Ritchie Bros. for decades and have become very good friends with some of their employees. I've been in the highway construction business for 46 years would not hesitate to recommend Ritchie Bros. to any contractor. They are outstanding."

Specific sales highlights:

  • A 2016 John Deere 470G hydraulic excavator sold for $190,000
  • A 2015 John Deere 410E 6x6 articulated dump truck sold for $170,000
  • A 2010 Rig Works Mustang 550 workover rig drilling rig sold for $170,000
  • A 2017 Caterpillar 938M wheel loader sold for $155,000
  • A 2009 Sandvik QJ340 crawler jaw crusher sold for $150,000
  • A 2018 Freightliner M2 S/A with Altec LR758 bucket truck sold for $110,000
  • A 2014 Freightliner 108SD 2,000-gal. S/A asphalt distributor truck sold for $102,500
  • A 2017 Kenworth W900 sleeper truck tractor sold for $102,500
Auction Quick Facts
  • Total gross transactional value — more than $45 million
  • Amount sold to online bidders — more than $27 million (61 percent)
  • Total registered bidders (in person and online) — more than 7,250
  • Registered online bidders — more than 5,850
  • Total lots sold — more than 5,300
  • Number of sellers — more than 600

Ritchie Bros. currently has more than 50,000 equipment items, trucks and other assets listed for sale through its various marketplaces. The company's next onsite auctions in Texas will be held in Fort Worth on Sept. 24 to 25 and Houston on Nov. 5 to 6.

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