Ritchie Bros. the world's largest industrial auctioneer, sold more than $53 million of equipment and trucks at its unreserved public auction in Fort Worth, Texas.
The two-day auction set a new Fort Worth site record for number of lots sold, with more than 4,250 items being sold to bidders around the world, including 500+ trailers, 385+ truck tractors, 95+ excavators, 90+ loader backhoes, 50+ compactors, 50+ flatbed trucks, 45+ boom trucks, 40 crawler tractors and 35+ winch tractors. More than 3,750 people from 53 countries registered to bid in person, online and by proxy.
Ritchie Bros. sold equipment for 490+ sellers, including Texas-based Cash Construction Company Inc. Established in 1969, Cash Construction specializes in projects involving water, wastewater and dry utilities, as well as drainage improvements, lift stations, pump stations and roadwork.
Buyers from outside Texas purchased approximately $26 million of equipment and trucks (or 50 percent of total gross auction proceeds).
AUCTION QUICK FACTS: FORT WORTH, TEXAS
- Total Gross Auction Proceeds – $53+ million
- Amount sold to online bidders – $24+ million
- Total registered bidders (in person and online) – 3,750+
- Registered online bidders – 2,350+
- Total lots sold – 4,250+
- Number of sellers – 490+