Ritchie Bros.’ latest Fort Worth, TX auction held on July 19 – 21, 2022, brought together 11,500+ bidders online and onsite from 58 countries to compete for 4,200+ items, generating US$59+ million in gross transaction value.
“We are transforming our 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 (pictured above), 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.”
Texas AGC chapter helps with industry panel
Leading up to the three-day unreserved auction, we welcomed thousands of interested bidders to inspect and test items in person. We also held a customer appreciation event, with complimentary breakfast & lunch prepared by our sales leaders, and an industry panel in conjunction with the Texas chapter of the Associated General Contractors (AGC).
The industry panel discussion covered data from Ritchie Bros. Market Trends Report, along with insights from experts Braxton Britting from Kirby-Smith Machinery; Connor VanSteenberg from AGC; and Doug Rusch from Rouse Services; as well as Noni Garcia (Director, Sales) and Chuck Roberson (RSM) from Ritchie Bros.
Stay on the look out for future industry expert discussions by Ritchie Bros., including an in-person event about the oil & gas industry at our next Fort Worth auction this September.
“Our auction in September is going to be special, with our very first Ritchie Bros. Energy Day, which will feature thousands of oil & gas specific assets stored onsite and at offsite locations in Midland, TX; and Oklahoma City, OK,” said Kelly Kittson, Director, Strategic Accounts & leader of the Ritchie Bros. Energy team. “If you have equipment to sell, contact us as soon as possible so we can start marketing your equipment to the world.”
Learn more about Ritchie Bros. Energy today!
Five big sellers in Fort Worth
Approximately 90% of the equipment in the July Fort Worth 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.
Here are five of the top sellers from Fort Worth:
1. 2020 Vermeer D100X140III directional drill – US$430,000
2. 2009 Grove GMK5130-2 130-ton 10x6x10 all-terrain crane – US$320,000
3. 2016 Caterpillar 160M3 AWD motor grader – US$280,000
4. 2008 Vermeer T755III tracked trencher – US$250,000
5. 2012 Caterpillar D8T dozer – US$207,500
