Ritchie Bros. Sells $58M of Equipment in Fort Worth Summer Auction

FORT WORTH, TX — Bidder registrations at Ritchie Bros. auctions continue to surge, with over 10,800 people from 60 countries registering to bid for its summer Fort Worth, Texas, auction. More than 4,400 equipment items and trucks were sold in the July 28-29, 2020 event for $58 million.

Since mid-March all Ritchie Bros. auctions are now online-only events, to help keep employees and customers safe from COVID-19. Approximately 91 percent of the equipment in the Fort Worth auction was sold to U.S. buyers, including 41 percent purchased by buyers from Texas, while the remaining 9 percent sold to international buyers from as far away as Romania, China, and Australia.

"Our 2020 summer Fort Worth auction saw a 42 percent increase in the number of lots and a 108 percent increase in bidders over the same auction in 2019," said Neal Black, Regional Sales Manager at Ritchie Bros. "As a result, we continue to see strong demand for quality used equipment across almost all categories."

Sales Highlights from Fort Worth

• Three 2014 Caterpillar D8T dozers sold for a combined $665,000



• Three 2018 Caterpillar 336FL hydraulic excavators sold for a combined $545,000



• Two 2015 Volvo A40G 6x6 articulated dump trucks sold for a combined $322,500



• A 2015 Peterbilt 367 T/A with National 1300A 30-ton boom truck sold for $205,000



• A 2013 Grove RT890E 90-ton 4x4 with rear steer rough terrain crane sold for $205,000

Auction Quick Facts: Fort Worth, Texas (July 2020)

• Total gross transactional value - over $58 million sold online



• Total registered bidders - over 10,800



• Total lots sold - over 4,400



• Number of consignors - 600