Close to 3,300 heavy equipment items and trucks were sold in
the two-day unreserved public auction
FORT WORTH, TX, July 25, 2014 /CNW/ - Ritchie Bros. Auctioneers
(NYSE and TSX: RBA), the world's largest industrial auctioneer,
sold more than US$49 million of
equipment items and trucks at its unreserved public auction in
Fort Worth, Texas on July 23 - 24, 2014. Equipment sale highlights
included a 2012 Caterpillar D6T XW crawler tractor, which sold for
US$295,000; three 2012 Kenworth T800
sleeper truck tractors that sold for US$102,000 each; and three 2012 Kenworth T800
sleeper truck tractors that sold for US$100,000 each. Bids were made in person at the
auction site, online at rbauction.com and by proxy.
"We had another two great days of strong prices with a line-up
of equipment from many first-time sellers," said Adam Kawulok, Regional Sales Manager, Ritchie
Bros. Auctioneers. "Over the road and vocational trucks performed
particularly well. Our permanent auction site in Fort Worth is quickly becoming a marketplace
for not just construction and energy assets but also for
late-model, well-maintained transportation equipment. I encourage
any interested sellers who want to reach the global marketplace to
call our Fort Worth site and find
out about our next auction."
More than 3,600 people from 57 countries, including 48 U.S.
states registered to bid in the auction. Bidders from outside
Texas purchased more than
US$27 million (56 percent of total
gross auction proceeds). Online bidders purchased more than
US$19 million (40 percent of total
gross auction proceeds).
Equipment in the auction came from 450 sellers, including a
selection of specialized environmental equipment from Castor, Louisiana based Red Oak Timber
Company, LLC. The Company's owner, Sam
Pullig, has been part of the timber industry since 1968 and
has branched out into property development as well as oil and gas
in recent years. Sam has been attending Ritchie Bros. unreserved
auctions for close to 20 years, where he has bought and sold heavy
equipment from multiple industries.
"I am very pleased with our results from this week's auction,
especially since this was our biggest sale with Ritchie Bros. yet,"
Sam said. "Our equipment was very specialized as it included a
selection of environmental equipment, de-limbers, skidders and log
loaders, so we needed a way to reach large and diverse audiences
from every industry and all around the world. This week we saw bids
come in from many places, including Tennessee, Mississippi and even overseas. The possibility
of reaching everyone in the world is the main reason I sell with
Ritchie Bros. and I would recommend other equipment owners consider
them, no matter the size of your fleet."
AUCTION QUICK FACTS: FORT WORTH,
TX - JULY 23 - 24,
2014
- Total Gross Auction Proceeds - more than US$49 million
- Amount sold to online bidders - more than US$19 million (40 percent of total gross auction
proceeds)
- Total number of registered bidders - more than
3,600
- Unique online bidders - close to 2,300
- Number of lots sold - close to 3,300
- Number of sellers - 450
The Ritchie Bros. auction calendar currently features more than
68 unreserved public auctions around the world, including a two-day
unreserved public auction in Houston,
TX on August 27 - 28, 2014 as
well as the next Fort Worth, TX
auction scheduled for September 24 - 25,
2014. Visit www.rbauction.com for a complete list of
upcoming auctions.
About Ritchie Bros.
Established in 1958, Ritchie Bros. (NYSE and TSX: RBA) is the
world's largest seller of used equipment for the construction,
transportation, agriculture, material handling, energy, mining,
forestry, marine and other industries. Ritchie Bros.
TM solutions make it easy for the world's builders
to buy and sell equipment with confidence, including live
unreserved public auctions with on-site and online bidding
(rbauction.com), the EquipmentOneTM secure
online marketplace (EquipmentOne.com), a professional corporate
asset management program, and a range of value-added services,
including equipment financing for customers through Ritchie Bros.
Financial Services (rbauctionfinance.com). Ritchie Bros. has
operations in more than 25 countries, including 44 auction sites
worldwide. Learn more at RitchieBros.com.
ATTENTION MEDIA: Photos and other media resources are
available for use at http://www.rbauction.com/media. Members of the
public and the media can follow Ritchie Bros. on Twitter
@RitchieBros.
SOURCE Ritchie Bros. Auctioneers