Ritchie Bros. serves up Texas-sized results with US$75+ million record-breaking Fort Worth auction

Two-day auction sets new site records for sales, as well as number of bidders, sellers and lots

FORT WORTH, TX, March 17, 2017 /CNW/ - As the dust settled after two action-packed days at Ritchie Bros.' Fort Worth auction site (March 15-16), the sales figures and turnout revealed the company's largest-ever Texas auction. More than 5,675 people registered to bid in person and online, purchasing 6,250+ equipment items and trucks for US$75+ million.

Approximately 45 percent (US$33+ million) of the equipment in the auction was sold to online bidders. U.S. buyers purchased US$69+ million of equipment (92 percent), including US$33+ million sold to Texas buyers (45 percent). International buyers purchased eight percent.

"We've started strong in Texas with a great Houston auction in February and now a record-breaker here in Fort Worth," said Dolan Aucoin, Sales Director, Ritchie Bros. "We had a packed house in Fort Worth this week, with very active bidding and solid pricing on the record-setting selection of equipment and trucks available. As a result, we set a new Texas record for gross auction proceeds, and were up 32 percent over the same auction last year. I'd like to offer a huge thank you to all the sellers and buyers who took part in this historic auction."

Ritchie Bros. sold equipment for a site record 690+ sellers, including 100+ hydraulic excavators, 600+ vocational trucks, 670+ trailers, and a large selection of oil & gas equipment.

Specific sales highlights:

  • Four 2011 Grove RT890E 90 ton 4x4x4 rough terrain cranes sold for a combined US$1.18 million
  • Five 1998 Caterpillar 583R pipelayers sold for a combined US$1.55 million
  • A 2008 American Augers DD440 portable directional drill sold for US$700,000
  • A 2012 Caterpillar 623H elevating motor scraper sold for US$390,000
  • A 2010 Caterpillar D8T dozer sold for US$310,000

 

Auction quick facts: Fort Worth, TX (March 2017)

  • Gross auction proceeds – US$75+ million *new site record
  • Amount sold to online bidders – US$33+ million
  • Total registered bidders (onsite and online) – 5,675+ *new site record
  • Online registered bidders – 3,800+ *new site record
  • Number of lots sold – 6,250+ *new site record
  • Number of sellers – 690+ *new site record

 

Ritchie Bros. has dozens of auctions on its upcoming auction calendar at rbauction.com, including its next Houston, TX on April 19 – 20, 2017. The company's next Fort Worth auction will be held in May 2017; contact the site at +1.817.237.6544 to consign your equipment.

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.

For further information: For more information, please contact: Ian Malinski, Corporate Communications Lead, +1.778.331.5432, CorpComm@rbauction.com; For investor inquiries, please contact: Jamie Kokoska, Director, Investor Relations, Ritchie Bros. Auctioneers, Phone: 778-331-5219, Email: jkokoska@rbauction.com


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