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Ritchie Bros. Sells $60+ Million in May Fort Worth, Texas, Auction

Ritchie Bros. Sells $60+ Million in May Fort Worth, Texas, Auction

By CE Staff May 24, 2022 View Profile

Last week, Ritchie Bros. conducted its second Fort Worth, Texas, 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.”

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.”