Approximately 61 percent of the equipment in the auction was sold to online buyers. U.S. buyers purchased 92 percent of the assets in the auction, including 43 percent purchased by Texas buyers, while international buyers from such countries as Australia, Belgium, and Egypt purchased 8 percent. Purchases through Ritchie Bros.' mobile application were up 97 percent from the same auction in 2019.
"We continue to see record crowds for our 2020 auctions, with bidder registrations up 39 percent over the same auction last year," said Neal Black, Regional Sales Manager at Ritchie Bros. "Our Fort Worth auction this week had a great line-up of late-model, low-hour equipment resulting in strong pricing across almost all equipment categories."
More than 5,500 equipment items were sold in the two-day Fort Worth auction, including over 650 truck tractors, 125 excavators, 80 loaders, 75 loader backhoes, and 65 dozers. Sales highlights included five 2018 Caterpillar 745 6x6 articulated dump trucks that sold for a combined $1.9 million; a 2017 Caterpillar D8T dozer that sold for $360,000; and a 2012 Caterpillar 16M motor grader that sold for $300,000. All items were sold without minimum bids or reserve prices.
Fort Worth Auction Quick Facts
- Total gross transactional value: over $72 million
- Amount sold to online bidders: over $44 million
- Total registered bidders (in person and online): over 9,150
- Registered online bidders: over 7,550
- Total lots sold: over 5,500
- Number of sellers: 720
