Fort Worth site has its largest year ever, selling 18,800+ lots for US$264+ million in five auctions
FORT WORTH, TX, Dec. 4, 2015 /CNW/ - Ritchie Bros. (NYSE and TSX: RBA), the world's largest industrial auctioneer, sold 3,650+ equipment items and trucks for US$43+ million at this week's unreserved public auction in Fort Worth, TX (December 2 – 3, 2015). Ritchie Bros. conducted five auctions in Fort Worth in 2015, selling a combined 18,800+ lots for US$264+ million with more than 21,200+ total bidder registrations, making it the site's largest year ever. This week's two-day auction attracted 4,400+ bidders from 57 countries, including 2,950+ online bidders. Approximately 51 percent of the equipment was sold to out-of-state buyers from as far away as Australia, Egypt, and the Philippines. Bids were placed in person, online at rbauction.com and by proxy.
"This auction was a fitting end to a really rewarding year," said Dolan Aucoin, Regional Sales Manager, Ritchie Bros. "We had sector strength across the board for this December auction in Fort Worth, with a huge selection of quality construction, transportation, and agricultural gear. You could look out at the yard and see late-model John Deere tractors, late-model Komatsu excavators, late-model Peterbilt and Kenworth trucks, and more—there was truly something for everyone. Everybody's worked hard, and it's been a great year, with customers giving support every step of the way."
More than 490 owners sold equipment at the December auction, including Enviro Services LLC., which specializes in environmental restoration for pipeline oilfield projects.
"I've bought before with Ritchie Bros., but this is the first time we've sold with them," said Chris Holomon, Equipment Supervisor, Enviro Services LLC. "I like the way they spent time detailing our tractors and cleaning them up for the auction. They are very professional—we trusted them, and you can depend on them to back up what they say. Ritchie Bros. is a very good auction company."
More than 3,650 items were sold in the two-day auction, including 395+ truck tractors, 395 trailers, 90+ excavators, 80+ compactors, 55+ loader backhoes, 35 dozers, 30+ wheel loaders, 25+ farm tractors, 170+ pickup trucks, and more.
Specific sales highlights:
- An unused 2015 Case 821F wheel loader sold for US$165,000
- A 2012 Komatsu WA380-7 wheel loader sold for US$125,000
- A 2011 John Deere 872GP motor grader sold for US$152,500
- A 2011 John Deere 672G AWD motor grader sold for US$125,000
- Two 2014 John Deere 350G LC hydraulic excavators sold for a combined total of US$367,500
- A 2014 American Augers MPR6000 Tri/A mud mixing system sold for US$320,000
- A 2012 Kenworth T800 sleeper truck tractor sold for US$79,000
- 10 2012 Peterbilt 367 truck tractors sold for a combined total of US$526,000
- Six 2009 Kenworth T800 truck tractors sold for a combined total of US$245,500
AUCTION QUICK FACTS: FORT WORTH, TX – DECEMBER 2-3, 2015
- Gross Auction Proceeds – US$43+ million
- Amount sold to online bidders – US$24+ million
- Total registered bidders (onsite and online) – 4,400+
- Unique registered online bidders – 2,950+
- Number of lots sold – 3,650+
- Number of sellers – 490+
Ritchie Bros. has 90+ auctions listed on its auction calendar at rbauction.com, including 25 auctions remaining in 2015. For more information on selling your equipment and trucks at upcoming auctions, visit rbauction.com/selling.
About Ritchie Bros.
Established in 1958, Ritchie Bros. (NYSE and TSX: RBA) is the world's largest seller of used equipment for the construction, transportation, agriculture, material handling, energy, mining, forestry, marine and other industries. Ritchie Bros. TM solutions make it easy for the world's builders to buy and sell equipment with confidence, including live unreserved public auctions with on-site and online bidding (rbauction.com), the EquipmentOneTM secure online marketplace (EquipmentOne.com), a professional corporate asset management program, and a range of value-added services, including equipment financing for customers through Ritchie Bros. Financial Services (rbauction.com/financing). Ritchie Bros. has operations in 19 countries, including 44 auction sites worldwide. Learn more at RitchieBros.com.
Photos for media are available at rbauction.com/media.
SOURCE Ritchie Bros. Auctioneers
For further information: Ian Malinski, Corporate Communications Lead, Ritchie Bros. Auctioneers, Phone: 1.778.331.5432, email@example.com; For investor inquiries, please contact: Jamie Kokoska, Director, Investor Relations, Ritchie Bros. Auctioneers, Phone: 778-331-5219, Email: firstname.lastname@example.org