May Texas auction up 9% year over year

Last week, we conducted our second Fort Worth, TX auction of the year, selling US$60+ million of equipment and trucks for 700+ consignors. The three-day online auction saw gross transaction value grow approximately 9% year over year.

More than 11,100+ bidders from 60+ countries registered to participate in the May 17 – 19, 2022 online auction, with approximately 93% of the equipment purchased by Americans, including 38% sold to Texans. The remaining seven percent of the assets were purchased by international buyers from as far away as Brazil, Thailand, and Australia.

“We saw a ton of interested buyers come through our auction yard leading up to the event, inspecting and testing items in person prior to bidding from their home, office, or mobile phone,” said Chuck Roberson, Regional Sales Manager, Ritchie Bros.

“We continue to drive strong pricing for late-model equipment, including an unused 2022 K-Tec scraper pan that sold for US$205,000, with 100% of the proceeds donated by the OEM to Habitat for Humanity.”

Five big sellers from Fort Worth

More than 4,350+ equipment items and trucks were sold in the May Fort Worth auction, including these five big sellers:

2019 Komatsu PC650LC-11 hydraulic excavator – US$570,000

2019 Kenworth T880 Manitex TC50155HL 50-ton straight boom truck – US$410,000

2008 Grove GMK 6220L 12x8x10 all-terrain crane – US$400,000

2017 Case Steiger 580 4WD tractor – US$212,500

2019 Kenworth W900 6x4 twin-axle truck tractor – US$157,500

“Thank you to all our consignors and buyers for continuing to put your trust in Ritchie Bros.,” said Mr. Roberson. “We hope to see many of you at our site in July for our next big Fort Worth event. I encourage interested sellers to contact us today so we can begin marketing your assets to the world.”