Skip to main content

Auction firm Ritchie Bros breaks sales record

Auction specialist Ritchie Bros has sold over US$44 million of equipment at a sale in Fort Worth, Texas. According to the firm, site records for registered bidders and online bidders were set as more than 3,100 heavy equipment items and trucks were sold during the two-day heavy equipment auction at Fort Worth. New auction site records were set for total registered bidders with more than 3,900 and total online bidders, in excess of 2,300. "This auction offered one of the largest quantities of high-quality la
March 7, 2013 Read time: 2 mins
Auction specialist 318 Ritchie Bros has sold over US$44 million of equipment at a sale in Fort Worth, Texas. According to the firm, site records for registered bidders and online bidders were set as more than 3,100 heavy equipment items and trucks were sold during the two-day heavy equipment auction at Fort Worth. New auction site records were set for total registered bidders with more than 3,900 and total online bidders, in excess of 2,300. "This auction offered one of the largest quantities of high-quality late-model equipment that I have seen at our auctions here in Fort Worth," said Adam Kawulok, regional sales manager, Ritchie Bros Auctioneers. People from more than 60 countries including 48 US states, nine Canadian provinces and one Canadian territory, registered to bid in person or online in real time at the auction. Bidders from outside Texas purchased more than US$24 million, some 55% of total gross auction proceeds. More than 2,300 of the bidders taking part in the auction registered to bid online and purchased more than US$19 million of equipment online, some 43% of total gross auction proceeds.

Related Content

  • IRF Gulf region event addresses infrastrecture challenges
    March 15, 2012
    The third edition of IRF's signature event in the Gulf region gathered over 450 regional and international delegates amid calls for concerted efforts to meet the challenges posed by the region's growing demand for personal mobility and increased movement of goods
  • Reflective road markings an aid to road safety
    February 8, 2012
    Horizontal and high-tech in-road markings are all being used in a bid to keep roads safe as Patrick Smith reports. Many modern roads, especially in urban areas, are equipped with the latest technology to guide drivers and, more importantly, improve safety.
  • Chinese investment
    February 6, 2012
    China's Ministry for Transport reveals that it beat its target for upgrading rural roads during 2009. Some 381,000km of rural roads were improved, beating the target of 300,000km by a considerable margin.
  • Joining forces on safety'
    April 12, 2012
    The European Transport Safety Council (ETSC) welcomed the launch of the UN Decade of Action for Road Safety, saying it will enable the European Union to join forces in tackling road safety at a global level. The UN move aims to reduce by 50% the projected increase in road deaths by 2020, and was developed with the support of the World Health Organisation (WHO), which predicts that road traffic injuries will rise to become the fifth leading cause of death by 2030 in the world. It demanded action to correct t