Ritchie sells $50m+ at Fort Worth auction 

Ritchie Bros has confirmed it sold more than $50 million of equipment at an online auction held at its site in Fort Worth, Texas. 
Auctions, Used Equipment, Rental & Finance / August 2, 2021
By Ben Spencer
Ritchie Bros online auction Fort Worth Texas Kobelco Volvo John Deere Caterpillar
Ritchie says approximately 90% of the assets were sold to US buyers (© Kevynbj | Dreamstime.com)

The company says the two-day event attracted more than 11,250 people to bid on 3,750 items, resulting in strong pricing across nearly every asset category.

According to Ritchie, approximately 90% of the assets in the auction were sold to US buyers, including 40% to Texans, while the remaining 10% was sold to international buyers from as far away as Egypt, Spain, India, and New Zealand.

The five big sellers include a 2014 Kobelco CK1100G crawler crane ($365,000), 2016 Volvo L250H wheel loader ($180,000), 2017 John Deere 9570R 4WD tractor ($170,000), 2016 John Deere 460ET 6x6 articulated dump truck ($167,500) and a 2018 Caterpillar 326FL hydraulic excavator ($150,000).

Chuck Roberson, regional sales manager at Ritchie, says: "We spoke to a lot of happy consignors after the auction, as we continue to drive record-breaking demand and strong returns. For customers unable to get what they needed in this week's auction we have a tonne more upcoming buying opportunities, including two auctions in Houston next month and our next Fort Worth sale in September where we will welcome back customers for auction day."

“The pandemic has made online buying more common, but customers have told us they miss the camaraderie and networking of being there in person,” Roberson continues. 

“Our auctions have always been about more than equipment — it's also an industry event for many of our customers."

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