Hopes Run High for $20M Phenix City Development

Ritchie Bros. Sells More Than $60M of Equipment in Texas

Wed December 19, 2018 - West Edition #26
Ritchie Bros. Auctioneers



Ritchie Bros. finished strong with its tenth and final Texas auction of 2018, selling more than 4,150 equipment items and trucks for more than $60 million in Fort Worth over two days.

More than 5,850 people from 58 countries registered to bid in the Dec. 11 to 12 auction, including more than 4,500 people registering to bid online. United States buyers purchased approximately 93 percent of the equipment, including 43 percent purchased by Texas buyers, while international buyers from such countries as Spain, India and Thailand purchased seven percent of the equipment. Online buyers purchased approximately 60 percent of the assets.

"We had a great selection of equipment and strong attendance here in Fort Worth this week, resulting in our largest auction of the year and our largest-ever December auction — up approximately 20 percent from last year's record," said Neal Black, regional sales manager, Ritchie Bros. "Demand for yellow iron continues to be high and we had a huge selection of transportation equipment — including 565 truck tractors — that also sold very well.

"On behalf of everyone from Ritchie Bros., I would like to thank all our consignors and buyers in 2018. Our first Fort Worth auction of 2019 will be in March and we have our IronPlanet online auctions every Thursday."

Specific sales highlights included:

  • Five Freightliner SD122 Coronado tri-drive W/ Manitex 5096S boom trucks sold for a combined more than $1 million;
  • two Volvo A40G 6x6 articulated dump trucks sold for a combined $620,000;
  • four Freightliner 108SD Super 18 dump trucks sold for a combined $415,000;
  • a 2010 Caterpillar D8T dozer sold for $307,500;
  • a 2013 Grove RT765E-2 65-ton 4x4 rough-terrain crane sold for $260,000;
  • a 1998 Vince Hagan HT10400D wet concrete batch plant sold for $255,000;
  • a 2014 Volvo 9700 54-passenger T/A bus sold for $145,000; and
  • a 2016 Mack CHU613 day cab truck tractor sold for $120,000.