More than 3,400 equipment items and trucks were sold in the two day
unreserved public auction on September 25 - 26, 2012
FORT WORTH, TX, Sept. 27, 2012 /CNW/ - Ritchie Bros. Auctioneers (NYSE
and TSX: RBA), the world's largest industrial auctioneer, sold more
than US$40 million of equipment items and trucks at an unreserved
public auction in Fort Worth, Texas on September 25 - 26, 2012. More
than 3,400 equipment items and trucks were sold in the auction—with
each and every item being sold to the highest bidder, regardless of
price—without minimum bids or reserve prices. Bids in the auction were
made in person at the auction site, online at www.rbauction.com or by proxy.
"More than 2,950 bidders from 58 countries participated in our Fort
Worth auction this week," said Adam Kawulok, Regional Sales Manager,
Ritchie Bros. Auctioneers. "Out-of-state buyers purchased close to
US$23 million worth of equipment, from as far away as Australia,
Colombia, Malaysia and The Netherlands. Ritchie Bros. attracts larger
bidding audiences. Our ability to attract bidders from across the
country and around the world is what allows us to provide our sellers
true global market value for their equipment on auction day—it's
something we take great pride in."
Equipment highlights in the two-day Fort Worth auction included 82
hydraulic excavators, 58 wheel loaders, 57 crawler tractors, 24 motor
graders, 163 truck tractors and more—every single piece was sold to a
new owner by the end of the auction. Equipment was sold for more than
400 consignors, including a selection of late model truck tractors and
trailers sold for X 1 Energy Services LLC, a Henderson, TX-based
oilfield service company.
"I am very happy—almost everything I sold went for 15 to 20 percent more
than I thought it would," said Pete Kirkland, owner of X 1 Energy
Services LLC. "I have bought with Ritchie Bros. a bunch in the past,
but this is the first time I have ever sold and I was very impressed
with how Ritchie Bros. marketed all my equipment—they did a great job
with all the photos they took and the way the equipment was lined up in
the yard. I also think it's excellent that Ritchie Bros. sells all
equipment unreserved—it brings in a better buyer market since people
know they aren't bidding against the owners of the equipment."
AUCTION QUICK FACTS: FORT WORTH, TX - SEPTEMBER 25 & 26, 2012
Gross Auction Proceeds - US$40+ million
Amount sold to online bidders - US$15+ million (38 percent)
Unique bidders (total) - 2,950+
Unique online bidders - 1,750+ (60 percent)
Lots sold - 3,400+
Number of sellers - 400+
Consignments for the next Fort Worth auction on December 4 & 5, 2012 are
now being accepted—to sell your equipment and/or trucks, please
contact: +1.817.237.6544. The Ritchie Bros. auction calendar currently
features more than 85 unreserved public auctions around the world.
Visit www.rbauction.com for a complete list of upcoming auctions.
About Ritchie Bros.
Established in 1958, Ritchie Bros. Auctioneers (NYSE and TSX: RBA) is
the world's largest industrial auctioneer, selling more equipment to
on-site and online bidders than any other company in the world. Ritchie
Bros. offers services that enable the world's builders to easily and
confidently exchange equipment. The Company conducts hundreds of
unreserved public auctions each year, selling a broad range of used and unused equipment, trucks and other assets utilized in the construction, transportation, agricultural, material handling, mining, forestry, petroleum and marine industries. Ritchie Bros. has over 110 locations in more than 25
countries, including 44 auction sites worldwide. The Company maintains
a web site at www.rbauction.com and sponsors an equipment wiki at www.RitchieWiki.com.
ATTENTION MEDIA: Photos and other media resources are available at http://www.rbauction.com/media. Members of the public and the media can follow Ritchie Bros. on
SOURCE: Ritchie Bros. Auctioneers
For further information:
Ian Malinski - Corporate Communications Specialist
Phone: 778.331.5432 or email: email@example.com
Adam Kawulok, Regional Sales Manager, Ritchie Bros. Auctioneers
Phone: +1.817.237.6544 or email: firstname.lastname@example.org