Sellers Flock to Fort Worth for $61M Ritchie Bros.' Auction

Tue October 08, 2019 - West Edition #21
Ritchie Bros. Auctioneers


More than $61 million worth of equipment items and trucks were sold for 730-plus owners in Ritchie Bros.' latest Fort Worth, Tex., auction, setting a new consignor record for the site.

More than 6,800 people from 58 countries registered to bid on 5,200-plus items in the Sept. 24-25 auction. Approximately 88 percent of the items in the auction were purchased by U.S. buyers, including 45 percent purchased by buyers from Texas. International buyers from such countries as Australia, Egypt and the United Kingdom purchased 12 percent of the equipment. Online buyers purchased 60 percent of the assets.

"We sold a wide selection of equipment this week for more than 700 owners with strong attendance and buyer participation on both days," said Neal Black, regional sales manager, Ritchie Bros. "I'd like to offer a huge thank you to all the sellers who trusted us to meet their expectations. We had a great auction this week, with solid pricing, and we encourage equipment buyers to check out the thousands of items being sold online through IronPlanet.com and Marketplace-E."

Equipment highlights in the Fort Worth auction included 500-plus truck tractors, 250-plus aerial work platforms, 160 excavators, 50-plus loader backhoes, 140-plus skid steers, 75-plus flatbed trucks, 60 wheel loaders, 30-plus dump trucks, 50-plus dozers, and more. All items were sold without minimum bids or reserve prices.

Specific sales highlights:

4 2012 Caterpillar D8T crawler tractors sold for a combined $1.04 million

A 2015 Caterpillar D8T crawler tractor sold for $365,000

A 2015 Kenworth T800 12x6x4 w/ Manitex 70-ton boom truck sold for $275,000

A 2015 Caterpillar 740B articulated dump truck sold for $232,500

A 2010 Grove RT890E 90-ton 4x4 rough terrain crane sold for $200,000

A 2017 Gomaco GT3600 curb & gutter machine sold for $215,000

Auction Quick Facts

Total gross transactional value — $61-plus million

Amount sold to online bidders — $37-plus million (60 percent) *new site record

Total registered bidders (in person and online) — 6,800-plus

Registered online bidders — 5,500-plus

Total lots sold – 5,200-plus

Number of sellers — 738 *new site record.