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

  • Cummins reports strong Q2 results for 2022
    August 4, 2022
    Cummins is reporting strong results for the second quarter of 2022.
  • Fall in EU road fatalities
    May 10, 2012
    Latest statistics show road fatalities fell in the European Union by 11% in 2010 compared with the previous year. Latvia, Estonia, Lithuania, Spain, Luxembourg, Sweden, France and Slovenia have all made reductions of more than 50% in the number of deaths on their roads since 2001, says the European Transport Safety Council (ETSC). The organisation’s 2011 PIN [Road Safety Performance Index] Awards went to Sweden and Lithuania recognising their particular efforts in reducing road deaths.
  • US labour shortage: an ever-growing problem
    May 31, 2022
    It’s a tight labour market that is hurting the construction sector. But there are ways to ensure a company has the best possible recruitment drive, according to the AEM, Association of Equipment Manufacturers*.
  • Volvo Construction Equipment remains upbeat despite 2015 sales dip
    February 5, 2016
    Volvo Construction Equipment saw market share and underlying earnings improve in the final quarter of 2015. The company said that improved underlying earnings and more market share of the important larger machine segments were insufficient to offset a declining total market in Volvo Construction Equipment’s final quarter 2015 results. Sales were down 11% in the period. For full year 2015, sales at the company dipped by 3%. In the fourth quarter of 2015 Volvo CE reported that net sales decreased by