Ritchie Bros has confirmed it sold more than $50 million of equipment at an online auction held at its site in Fort Worth, Texas.
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 toRitchie, 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), 2016VolvoL250H wheel loader ($180,000), 2017John Deere9570R 4WD tractor ($170,000), 2016 John Deere 460ET 6×6 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.”
