Ritchie Bros. Brings in $57M at Texas Equipment Auction

Ritchie Bros. sold more than 3,750 pieces of equipment at its first Fort Worth, Texas, auction of the year. The two-day auction totaled more than $57 million.  

More than 5,200 people from 62 countries registered to bid in the auction, held March 13-14. More than 3,800 of them registered to bid online.

U.S. buyers purchased 91% of the equipment, including 48% purchased by Texas buyers. International buyers from countries such as Mexico, Canada, and the United Arab Emirates purchased 9% of the equipment. Online buyers purchased 57%.  

"We had huge attendance for our Fort Worth auction this week and saw strong equipment pricing across the board, with particularly strong pricing for yellow iron," said Bill Hogan, regional sales manager at Ritchie Bros. "Construction equipment continues to sell extremely well this year, especially late-model gear. We feel confident that we will continue to see the positive pricing trend in our upcoming IronPlanet weekly auctions, including a big two-day event next week, as well as our onsite events around the world. Now is a great time for contractors looking to sell—our consignors in Fort Worth were very happy with their auction results this week."

Ritchie Bros. sold equipment for more than 590 owners. The auction included more than 360 truck tractors, 335 trailers, 145 aerial work platforms, 110 excavators, 135 compactors, 100 skid steers, 70 loader backhoes, 45 dump trucks, 65 loaders, and 50 dozers. One of the auction’s highlights included two Terex RT780 80-ton 4x4x4 rough terrain cranes that sold for a combined $300,000. All items were sold without minimum bids or reserve prices.