May 17 – 19, 2022
online auction attracted 11,100+ bidders to compete for 4,350+
items
FORT
WORTH, Texas, May 23, 2022
/PRNewswire/ - Last week, Ritchie
Bros. conducted its second Fort
Worth, TX auction of the year, selling US$60+ million of
equipment and trucks for 700+ consignors. The three-day online
auction saw gross transaction value grow approximately 9% year over
year.
More than 11,100+ bidders from 60+ countries registered to
participate in the May 17 – 19, 2022
online auction, with approximately 93% of the equipment purchased
by Americans, including 38% sold to Texans. The remaining seven
percent of the assets were purchased by international buyers from
as far away as Brazil,
Thailand, and Australia.
"We saw a ton of interested buyers come through our auction yard
leading up to the event, inspecting and testing items in person
prior to bidding from their home, office, or mobile phone," said
Chuck Roberson, Regional Sales
Manager, Ritchie Bros. "We continue
to drive strong pricing for late-model equipment, including an
unused 2022 K-Tec scraper pan that
sold for US$205,000, with 100% of the
proceeds donated by the OEM to Habitat for Humanity."
Mr. Roberson continued, "Thank you to all our consignors and
buyers for continuing to put your trust in Ritchie Bros. We hope to see many of you at our
site in July for our next big Fort
Worth event. I encourage interested sellers to contact us
today so we can begin marketing your assets to the world."
Five Big Sellers in Fort Worth
- 2019 Komatsu PC650LC-11 hydraulic excavator – US$570,000
- 2019 Kenworth T880 Manitex TC50155HL 50-ton straight boom truck
– US$410,000
- 2008 Grove GMK 6220L 12x8x10 all-terrain crane – US$400,000
- 2017 Case Steiger 580 4WD tractor – US$212,500
- 2019 Kenworth W900 6x4 twin-axle truck tractor – US$157,500
AUCTION QUICK FACTS: FORT WORTH, TX (MAY
2022)
- Gross transaction value (GTV): US$60+ million
- Items: 4,350+
- Bidders: 11,100+
- Consignors: 700+
Ritchie Bros. has more than
50,000 equipment items and trucks set to be sold in its upcoming
auctions and online events, including a May
25 – 26 Rocky Mountain Regional Event with 5,600+ items, a
June 3 Phoenix, AZ auction with 2,800+ items, and a
Sacramento, CA Timed Auction with
1,500+ items on June 8. The company
also sells items weekly through IronPlanet.com, Marketplace-E,
Ritchie List, and
GovPlanet.com.
About Ritchie Bros.
Established in 1958, Ritchie
Bros. (NYSE and TSX: RBA) is a global asset management and
disposition company, offering customers end-to-end solutions for
buying and selling used heavy equipment, trucks and other assets.
Operating in a number of sectors, including construction,
transportation, agriculture, energy, mining, and forestry, the
company's selling channels include: Ritchie
Bros. Auctioneers, the world's largest industrial
auctioneer offering live auction events with online bidding;
IronPlanet, an online marketplace with weekly featured auctions and
providing the exclusive IronClad Assurance® equipment condition
certification; Marketplace-E, a controlled marketplace offering
multiple price and timing options; Ritchie
List, a self-serve listing service for North America; Mascus, a leading
European online equipment listing service; Ritchie Bros. Private Treaty, offering privately
negotiated sales; and sector-specific solutions GovPlanet,
TruckPlanet, and Kruse Energy. The Company's suite of solutions
also includes Ritchie Bros. Asset
Solutions and Rouse Services LLC, which together provides a
complete end-to-end asset management, data-driven intelligence and
performance benchmarking system; SmartEquip, an innovative
technology platform that supports customers' management of the
equipment lifecycle and integrates parts procurement with both OEMs
and dealers; plus equipment financing and leasing through
Ritchie Bros. Financial Services.
For more information about Ritchie
Bros., visit RitchieBros.com.
Photos and video for embedding in media stories are
available at rbauction.com/media.
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SOURCE Ritchie Bros.