Ritchie Bros.' latest Fort Worth, TX auction brought together 11,500+ bidders from 58 countries to compete for 4,200+ items, generating US$59+ million in gross transaction value.
Approximately 90% of the equipment in the July 19 – 21, 2022 auction was sold to U.S. buyers, including 42% sold to Texans, while the remaining 10% was purchased by international buyers from as far away as Australia, India, and Singapore.
"Ritchie Bros. is transforming its live events to celebrate our customers and partners. Last week in Texas, we held an onsite customer appreciation day, an industry association meeting, and a fantastic auction in Fort Worth," said Chuck Roberson, Regional Sales Manager, Ritchie Bros. "With more than 11,000 bidders, we saw a lot of competition online and onsite, resulting in a strong pricing for most asset categories, especially construction-related equipment."
Equipment items and trucks were sold for more than 640 owners, including a complete dispersal for Bradford Boring, LLC, a drilling contractor based in Oklahoma.
"We are very pleased with the results and look forward to working with Ritchie Bros. again," said Scott Bradford, Owner of Bradford Boring. "It's great that we were able to bring our items to Ritchie Bros.' yard in Oklahoma City, selling virtually in a cost-effective and efficient way, while getting the benefits of the big buying audience Fort Worth attracts."