Ritchie Sells More Than $53M in Iron at Fort Worth Auction

The two-day auction set a new Fort Worth site record for number of lots sold.

📅   Fri August 07, 2015 - West Edition
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Bryan Biondolillo of OnSite Commercial Construction LLC in Aurora, Colo., has been taking a close look at this JLG highlift.
Bryan Biondolillo of OnSite Commercial Construction LLC in Aurora, Colo., has been taking a close look at this JLG highlift.
Bryan Biondolillo of OnSite Commercial Construction LLC in Aurora, Colo., has been taking a close look at this JLG highlift. Corentin Boucher, an intern of Western Reserve Trading in Youngstown, Ohio, learns the ins and outs of an auction. This Cat highlift is a good example. started teaching his son, Teegan, at a very young age about auctions. Dustin Hilliary, Hilliary Construction,  Medicine Park, Okla., wants to take this Cat D6 home. Luis Moran (L) and John Quintero of Quinlon Investments in Miami, Fla., think this Cat 928H loader will be a good investment. Jeff Miller (L), Trophy Tractor Inc., Grand Prairie, Texas, and his son, Maxx, enjoy a father/son outing at the Ritchie Bros. Fort Worth Auction. An outside temperature of more than 100 degrees drove many bidders inside for the virtual auctions. Gary Deming of Diamond Underground Inc. in Fort Worth, Texas, thinks this Ford F650 flat-bed, dual cab will fit his needs perfectly.

Ritchie Bros. sold more than $53 million of equipment and trucks at its unreserved public auction in Fort Worth, Texas, on July 22 and 23. The two-day auction set a new Fort Worth site record for number of lots sold, with more than 4,250 items being sold to bidders around the world, including 500 plus trailers, 385 plus truck tractors, 95 plus excavators, 90 plus loader backhoes, 50 plus compactors, 50 plus flatbed trucks, 45 plus boom trucks, 40 crawler tractors, 35 plus winch tractors, and much more. More than 3,750 people from 53 countries registered to bid in person, online at rbauction.com, and by proxy.

“We had a tremendous line-up of gear at the auction, and the crowds really turned out to bid,” said Dolan Aucoin regional sales manager, Ritchie Bros. Auctioneers. “Pricing met or exceeded our expectations, especially on good quality, well maintained equipment. Many bidding customers found it difficult to find deals. As usual with Ritchie Bros. unreserved auctions, every item was sold to the highest bidder, with no reserve prices and no minimum bids.”

Ritchie Bros. sold equipment for 490 plus sellers, including Texas-based Cash Construction Company Inc. Established in 1969, Cash Construction specializes in projects involving water, wastewater and dry utilities, as well as drainage improvements, lift stations, pump stations and roadwork.

“We’ve been selling through Ritchie Bros. since 1996,” said Robert Pullen, equipment manager of Cash Construction. “All the people I interact with at Ritchie Bros., from the counter staff to everyone in the yard, are friendly, easy to work with and well-versed in what they do. Ritchie Bros. is a good, honest company; they give accurate appraisals and are who you want to work with when selling your equipment.”

Buyers from outside Texas purchased approximately $26 million of equipment and trucks (or 50 percent of total gross auction proceeds). Equipment sold to buyers from as far away as the United Arab Emirates, Poland and Taiwan.