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

  • Caterpillar's record-breaking year
    April 24, 2012
    Caterpillar delivered record-breaking sales and revenues of US$60.1 billion in 2011, an increase of 41% from $42.6 billion in 2010, with profit at $4.9 billion, an increase of 83% ffrom $2.7 billion in 2010. Fourth-quarter sales and revenues in 2011 were an all-time quarterly record at $17.2 billion, an increase of 35% compared with $12.8 billion in the fourth quarter of 2010. Fourth-quarter profit was $1.5 billion compared with $968 million in the fourth quarter of 2010.
    Read More
  • Morocco’s new motorway links are boosting connectivity
    December 16, 2014
    Morocco’s massive motorway construction programme will improve transport connections and boost this North African country’s economy - Mike Woof reports A massive road building programme is transforming Morocco, with new motorways connecting cities and major towns, as well as many new rural roads being built. The Moroccan Government has set an impressive plan for its infrastructure investment that will see even the country’s small and remote villages having proper connections to the main road network. The
    Read More
  • ConExpo Russia: Planning starts for 2009
    July 23, 2012
    The AEM says that its inaugural trade show in the Russian capital "exceeded expectations." Patrick Smith reports The first CONEXPO Russia, held in the capital Moscow, attracted some 6,000 attendees, according to the organisers. The Association of Equipment Manufactures (AEM) said after the inaugural event in September that more than 50% of the 2008 exhibition space had already been sold for the 2009 exposition. "Leading construction equipment companies from around the world that supported the first ever CON
    Read More
  • Transylvanian motorway breaks new ground in engineering
    July 11, 2012
    Normally in hilly ground, we would use the excavated soil from the cuttings to fill the valleys," says Bogdan Sgarcitu, External Affairs Manager of construction company Bechtel. "But on this stretch the clay-like soil cannot be compacted, so we've had to use many more piles than normal: in just three months we installed more than 500, some drilled as deep as 24m. We've also had to transport millions of tonnes of materials over some less-than-perfect infrastructure."
    Read More

Highlighted Content