Online Fort Worth auction attracted 76% more bidders and 78%
more watchlists year over year
FORT WORTH, Texas, March 22, 2021 /PRNewswire/ - Last week,
Ritchie Bros. conducted its largest
Texas auction ever, attracting 76
percent more bidders year over year and achieving US$95 million in gross transaction
value—surpassing its previous Texas sales record, set June 2020, by 17 percent.
The March 17 – 18, 2021 Fort Worth
auction attracted a record 16,000+ bidders from 79 countries.
Approximately 83 percent of the equipment in the auction was sold
to U.S. buyers, including 34 percent sold to Texas buyers, while international buyers from
as far way as France, Ghana, and Vietnam purchased the remaining 17
percent.
"Our consignors are benefiting from robust equipment and truck
demand we are helping drive in 2021," said Chuck Roberson, Regional Sales Manager,
Ritchie Bros. "With all bidding
online, demand has skyrocketed over the past year. Our Fort Worth auction last week saw online
pageviews per lot increase 59% year over year, while watchlists per
lot and PriorityBids increased 78% and 157% respectively. As a
result, we have a lot of happy sellers right now rushing to get
more equipment consigned for our next event—now is a great time to
sell!"
Equipment highlights in the Fort
Worth auction included a 2015 Tadano GR1000XL-3 4x4x4 rough
terrain crane that sold for US$385,000 to an online buyer from Indonesia; a 2016 Caterpillar 349FL hydraulic
excavator that sold for US$245,000 to
a buyer from Texas, and a 2018
Peterbilt 389 T/A sleeper truck tractor that sold for US$124,000 to a buyer from Arizona. All items were sold unreserved, with
no minimum bids or reserve prices.
"Even with all bidding online we still safely welcomed thousands
of masked buyers onsite to inspect equipment in person prior to
bidding," added Mr. Roberson. "We also sold more than 800 items
last week with our Virtual Sales Option, as many consignors from
outside the state were eager to be a part of the sale. Our auctions
are becoming more digital and more convenient, resulting in more
bidders and better returns for sellers."
AUCTION QUICK FACTS: FORT
WORTH (MARCH 2021)
- Gross Transaction Value (GTV): US$95+ million *new site
record
- Total Registered Bidders: 16,000+ *new site record
- Total Number of Lots: 5,800+
- Total Number of Consignors: 760+ *new site record
Ritchie Bros. will sell more than
65,000 equipment items and trucks in its upcoming auctions,
including a Northeast Regional Event on March 23 – 24; a Chehalis, WA auction on March 25; and an Atlanta, GA event on March 26. The company also has weekly featured
online auctions at IronPlanet.com and a daily reserved option with
Marketplace-E.
About Ritchie
Bros.:
Established in 1958, Ritchie Bros. (NYSE and TSX: RBA) is a global
asset management and disposition company, offering customers
end-to-end solutions for buying and selling used heavy equipment,
trucks and other assets. Operating in a number of sectors,
including construction, transportation, agriculture, energy, oil
and gas, mining, and forestry, the company's selling channels
include: Ritchie
Bros. Auctioneers, the world's largest industrial
auctioneer offers live auction events with online bidding;
IronPlanet, an online marketplace with featured weekly auctions and
providing the exclusive IronClad Assurance® equipment condition
certification; Marketplace-E, a controlled marketplace offering
multiple price and timing options; Mascus, a leading European
online equipment listing service; and Ritchie Bros. Private Treaty, offering privately
negotiated sales. The Company's suite of solutions also includes
Ritchie Bros. Asset
Solutions and Rouse Services LLC, which together provides a
complete end-to-end asset management, data-driven intelligence and
performance benchmarking system. Ritchie
Bros. also offers sector-specific solutions including
GovPlanet, TruckPlanet, and Kruse Energy, plus equipment
financing and leasing through Ritchie
Bros. Financial Services. For more information about
Ritchie Bros., visit
RitchieBros.com.
Photos and video for embedding in media stories are
available at rbauction.com/media.
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SOURCE Ritchie Bros.