Ritchie Bros. sells over $60 million worth of equipment and trucks at May auction in Fort Worth, TX

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May 17 – On 19 2022, the online auction attracted over 11,100 bidders to compete for over 4,350 items

FORT WORTH, TX, May 23, 2022 /CNW/ – Last week, Ritchie Bros.. led his second Fort Worth, TX auction of the year, selling over US$60 million worth of equipment and trucks for over 700 shippers. The three-day online auction saw gross transaction value increase by around 9% year-on-year.

Over 11,100+ bidders from over 60 countries have registered to participate in the May 17 – December 19, 2022 online auction, with about 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, Thailandand Australia.

“We saw a ton of interested buyers come through our auction yard ahead of the event, inspecting and testing items in person before bidding from their homes, offices or cellphones,” said Chuck Robersonregional sales manager, Ritchie Bros.. “We continue to charge high prices for late-model equipment, including a 2022K-Tec scraper pan that sold for $205,000with 100% of profits donated by the OEM to Habitat for Humanity.”

Mr. Roberson continued: “Thank you to all of our shippers and buyers for continuing to trust Ritchie Bros.. We hope to see many of you on 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.”

Five big sellers in fort worth

  • 2019 Komatsu PC650LC-11 Hydraulic Excavator – $570,000
  • 2019 Kenworth T880 Manitex TC50155HL 50 Ton Straight Boom Truck – $410,000
  • 2008 Grove GMK 6220L 12x8x10 All Terrain Crane – $400,000
  • 2017 Case Steiger 580 4WD Tractor – $212,500
  • 2019 Kenworth W900 6×4 Twin Axle Tractor Truck – $157,500

AUCTION QUICK FACTS: FORT WORTH, TX (MAY 2022)

  • Gross Transaction Value (GTV): US$60 million and above
  • Items: 4,350+
  • Bidders: 11,100+
  • Senders: 700+

Ritchie Bros.. has over 50,000 pieces of equipment and trucks that will be sold at its upcoming online auctions and events, including a May 25 – 26 regional Rocky Mountain events with over 5,600 itemsa June 3 Phoenix, AZ auction with over 2,800 itemsand one Sacramento, California Timed auctions with over 1,500 items on June 8. The company also sells items every week by IronPlanet.com, Marketplace-E, Ritchie Listand GovPlanet.com.

On Ritchie Bros..

Created in 1958, Ritchie Bros.. (NYSE and TSX: RBA) is a global asset management and disposition company, providing clients with end-to-end solutions for the purchase and sale of heavy equipment, trucks and other assets second hand. Operating in a number of sectors, including construction, transport, agriculture, energy, mining and forestry, the company’s sales channels include: Ritchie Bros.. Auctioneersthe world’s largest industrial auctioneer offering live auction events with online bidding; IronPlanet, an online marketplace with weekly auctions and providing exclusive IronClad Assurance® equipment condition certification; Marketplace-Ea controlled marketplace offering multiple price and timeframe options; Ritchie Lista self-service registration service for North America; Mascus, a European leader in online equipment referencing; Ritchie Bros.. private treaty, offer negotiated over-the-counter sales; and industry solutions GovPlanet, TruckPlanet, and Kruse Energy. The Company’s solution suite also includes Ritchie Bros.. Asset Solutions and Ruse Services LLCwhich together provide a comprehensive end-to-end asset management, data-driven intelligence and performance benchmarking system; SmartTeam, an innovative technology platform that supports customer lifecycle management of equipment and integrates parts procurement from OEMs and dealers; as well as the financing and leasing of equipment by Ritchie Bros.. Financial Services. For more information on Ritchie Bros.., to visit RitchieBros.com.

Photos and video for inclusion in media reports are available at rbauction.com/media.

THE SOURCE Ritchie Bros..

For more information: Ian Malinski, Media Relations Manager, +1.778.331.5432, [email protected]; For investor inquiries, please contact: Sameer Rathod Vice President, Investor Relations & Market Intelligence, +1.510.381.7584 [email protected]

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