... Ritchie Bros. Auction in Fort Worth Earns $59 Million on 4,200 Items - North American Energy Pipelines

Ritchie Bros. Auction in Fort Worth Earns $59 Million on 4,200 Items

Ritchie Bros.’ latest auction in Fort Worth, Texas, generated more than $59 million in gross transaction value over three days. The July 19-21 event brought together more than 11,500 bidders from 58 countries to compete for more than 4,200 items.

Ritchie Bros Fort Worth Auction

Approximately 90 percent of the equipment sold at the auction went to U.S. buyers, including 42 percent sold to Texans, while the remaining 10 percent was purchased by international buyers from as far away as Australia, India and Singapore.

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“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 Ritchie Bros. regional sales manager Chuck Roberson in a July 25 statement. “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.”

Five Big Sellers in Fort Worth

  • 2020 Vermeer D100X140III directional drill – $430,000
  • 2009 Grove GMK5130-2 130-ton 10x6x10 all-terrain crane – $320,000
  • 2016 Caterpillar 160M3 AWD motor grader – $280,000
  • 2008 Vermeer T755III tracked trencher – $250,000
  • 2012 Caterpillar D8T dozer – $207,500

“Our next Fort Worth event in September is going to be special, with our very first Ritchie Bros. Energy Day, which will feature thousands of oil and gas specific assets stored onsite and at offsite locations in Midland, Texas, and Oklahoma City,” said Kelly Kittson, director of strategic accounts and 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.”

Ritchie Bros. has dozens of upcoming events on its auction calendar at rbauction.com, including a Rocky Mountain Regional Event with more than 3,200 items on Aug. 3-4; Tipton, California, and North Franklin, Connecticut, Timed Auctions on Aug. 10 and 16; and a three-day event in Houston, on Aug. 23-25. The company also sells items weekly through its online marketplaces at IronPlanet.com, GovPlanet.com, Marketplace-E and Ritchie List.

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