Ritchie Bros. sells more than $71 million worth of equipment at an equipment auction in Fort Worth, Texas

5,000 items sold on September 20 – 22, including an “Energy Day” dedicated to oil and gas equipment

FORT WORTH, TX, September 26, 2022 /PRNewswire/ – Last week in Texas, Ritchie Bros. sold nearly 5,000 pieces of equipment and trucks in three days for a gross transaction value of more than $71 million, a 25% increase over the same auction last year. The online unreserved auction attracted more than 10,800 online bidders from 63 countries.

“We continue to see strong demand for late-model, low-hour equipment and trucks,” said Nicholas AgudeloRegional Sales Manager, Ritchie Bros. “Even with a tight supply, our fort worth The event offered a diverse selection of equipment aimed at buyers from various industries. The assets were strategically located in multiple yards and sequenced over three days of online auction. We would like to thank all customers who continue to trust Ritchie Bros. for their buying and selling needs. For customers unable to get items within fort worth last week, please check out the many upcoming events on our auction calendar.”

Around 88% of equipment in the September 20 – 22 auctions were sold to American buyers, with 42% sold to Texans. The remaining 12% was sold to international buyers from as far away as Australia, Finland, Israeland Malaysia.

“Day 3 was our first energy day in fort worth,” said Mike Brzezinski, Regional Sales Manager and Team Leader Ritchie Bros. Energy. “Our customers in the energy sector have benefited greatly from the sale of their construction and transmission assets in fort worth, with a massive global audience watching. We also had a whole day devoted to energy-specific equipment. Our next Energy Day will take place on the third day of the fort worth auction on December 13 – 15—contact us today and let us start advertising your equipment to the world.”

Equipment Highlights fort worth included more than 340 tractor trucks, more than 115 excavators, more than 115 forklifts, more than 90 bucket trucks, more than 80 skid steer loaders, as well as cranes, various drilling equipment and much more. The items were sold to nearly 700 shippers, including fort worthland clearing Thelin Recycling Co.

“We got a lot more for our equipment than expected,” said Bill Taylor, Equipment Manager for Thelin Recycling. “Ritchie Bros. is so efficient, and they put your equipment in front of hundreds of thousands of potential equipment buyers – it’s hard to beat! I’ve been selling with Ritchie Bros. since 2007 and they always do their best to get as much money as possible for our equipment.”

Five big sellers of fort worth:

  • Tadano Mantis 15010 75 ton crawler crane 2017 – $550,000
  • 2015 Caterpillar D8T Bulldozer – $350,000
  • 2015 Peterbilt 567 with 2014 National NBT40 18 Ton Articulating Boom Truck – $290,000
  • 2016 Peterbilt 567 with 2015 Super Products MDL2011 8×6 Vacuum Truck – $277,500
  • 2016 Volvo A40G Articulated Dump Truck – $237,500

AUCTION QUICK FACTS: FORT WORTH, TX (SEPTEMBER 2022)

  • Gross value of the transaction: More than 71 million US dollars
  • Items sold: 5,000
  • Bidders: 10,800+
  • Senders: 695+

Ritchie Bros. currently has over 65,000 gear items listed in its upcoming online auctions and events, including over 4,800 items sold at a Great Lakes regional event on September 27 & 28; Over 2,500 items sold in a Sacramento, California Auction timed on September 29 & 30; and over 3,100 items sold at a regional Rocky Mountain event on October 5 & 6. The company also sells items weekly on IronPlanet, GovPlanet, Marketplace-E and RitchieList. For more information, visit RitchieBros.com.

About Ritchie Bros.

Founded in 1958, Ritchie Bros. (NYSE and TSX: RBA) is a global asset management and disposition company, providing clients with end-to-end solutions for the purchase and sale of heavy equipment, trucks and other assets second hand. Operating in a number of industries, including construction, transportation, agriculture, energy, mining and forestry, the company’s sales channels include: Ritchie Bros. Auctioneers, the world’s largest industry auctioneer offering live auction events with online bidding; IronPlanet, an online marketplace offering weekly auctions and providing exclusive IronClad Assurance® equipment condition certification; Marketplace-E, a controlled marketplace offering multiple price and timing options; Ritchie lista self-service registration service for North America; Mascus, a European leader in online equipment referencing; Ritchie Bros. Private Treaty, offering privately negotiated sales; and industry solutions GovPlanet, TruckPlanet and Ritchie Bros. Energy. The company’s suite of solutions also includes Ritchie Bros. Asset Solutions and Rouse Services LLC, which together provide a comprehensive end-to-end asset management, data-driven intelligence and performance benchmarking system; SmartEquip, an innovative technology platform that supports customer lifecycle management of equipment and integrates parts procurement from OEMs and dealers; as well as equipment financing and leasing through Ritchie Bros. Financial Services. For more information about Ritchie Bros., visit RitchieBros.com.

Photos and video for inclusion in media reports are available at rbauction.com/media.

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