Two-day unreserved auction attracted 4,250+
bidders from 59 countries, incl. 2,900+ online bidders
FORT WORTH, TX, May 19, 2017 /CNW/ - Ritchie Bros. held its
second Fort Worth, TX auction of
the year this week, selling 3,800+ items over two days for US$41+
million.
More than 4,250 people from 59 countries registered to bid in
the May 17 – 18 auction, including
2,900+ bidders participating online. U.S. buyers purchased 92
percent of the equipment, including 45 percent purchased by
Texas buyers. International buyers
from as far away as India,
Thailand, and the United Arab
Emirates purchased eight percent of the equipment.
"We continue to see optimism from contractors with promises of
infrastructure spending coming from the government, resulting in
good, solid pricing on construction equipment this week," said
Dolan Aucoin, Sales Director,
Ritchie Bros. "We also saw steady pricing for transportation
equipment, particularly for trailers. I'd like to thank all our
buyers and sellers this week—see you again in Houston on June
21 and 22."
Ritchie Bros. sold equipment for 570+ owners in the auction.
Highlights included 390+ truck tractors, 480+ trailers, 100+
excavators, 95 skid steers, 70+ loader backhoes, 30+ dozers, a
large selection of drilling equipment and more. All items were sold
without minimum bids or reserve prices.
"We sold more than 250 items in the auction; prices exceeded our
estimates by 25 percent," said Joe
McElreath, Owner and President of Joe McElreath Company Inc.
"A lot of the equipment we sold is unique. Ritchie Bros. is
worldwide so I knew they could handle it and find the right buyers.
With a company as big as Ritchie Bros., I can hardly understand how
they have such personal relationships with their customers, but
they manage to do it."
Specific equipment sales highlights
- A 2010 Vermeer D330x500 crawler directional drill sold for
US$660,000
- A 2010 Vermeer D100X120 Series II directional drill sold for
US$330,000
- A 2007 Grove TMS900E 90-ton 8x4x4 hydraulic truck crane sold
for US$270,000
- A 2009 Vermeer D100X120 Series II crawler directional drill
sold for US$230,000
- A 2002 Caterpillar D11R crawler tractor sold for US$210,000
- A Kerr T60 T/A triplex fluid pumper unit sold for US$190,000
- A 2014 Caterpillar 966K wheel loader sold for US$185,000
AUCTION QUICK FACTS: FORT WORTH,
TEXAS – May 17 – 18,
2017
- Total Gross Auction Proceeds – US$41+ million
- Amount sold to online bidders – US$21+ million (50
percent)
- Total registered bidders (in person and online) –
4,250+
- Registered online bidders – 2,900+
- Total lots sold – 3,800+
- Number of sellers – 570+
Ritchie Bros. is now accepting consignments for its next
Texas auction in Houston on June 21-22,
2017. For a complete list of upcoming auctions and equipment
available, visit rbauction.com.
About Ritchie Bros.
Established in 1958, Ritchie Bros.
(NYSE and TSX: RBA) is the world's largest industrial auctioneer,
and one of the world's largest sellers of used equipment for the
construction, transportation, agriculture, energy, mining, forestry
and other industries. Ritchie Bros.TM asset
management and disposition solutions include live unreserved public
auctions with on-site and online bidding;
EquipmentOneTM, an online auction
marketplace; Mascus, a global online equipment listing
service; private negotiated sales through Ritchie Bros. Private
Treaty; and a range of ancillary services, including financing
and leasing through Ritchie Bros. Financial Services. Ritchie Bros.
has operations in 19 countries, including 45 auction sites
worldwide. Learn more at rbauction.com, EquipmentOne.com,
mascus.com, rbauction.com/privatetreaty and
rbauction.com/financing.
Photos and video for embedding in media stories are
available at rbauction.com/media.
SOURCE Ritchie Bros.