Ritchie Bros. Fort Worth registers 64% more bidders in 2020
This week, Ritchie Bros held its final auctions of 2020 in Fort Worth and Edmonton, achieving significant sales amidst the pandemic. The Fort Worth auction generated over US$69 million from 5,000+ items sold, while Edmonton raised US$41 million from 5,500+ items. The auctions saw record bidder participation, with Fort Worth attracting 11,700+ bidders, a 40% increase year-over-year. Online demand for equipment remains strong, resulting in a 64% rise in bidder registrations from Fort Worth in 2020. Overall, both sites demonstrated robust sales and demand despite COVID-19 challenges.
- Fort Worth auction generated over US$69 million.
- Edmonton auction raised US$41 million.
- Fort Worth attracted 11,700+ bidders, a 40% increase year-over-year.
- Overall bidder registrations in Fort Worth rose 64% in 2020.
- Strong online demand led to significant sales across both locations.
- None.
The company sold US
FORT WORTH, Texas, Dec. 10, 2020 /PRNewswire/ - This week Ritchie Bros. held its final auctions of the year at two of its largest auction sites: Edmonton, AB and Fort Worth, TX. Over three days the Edmonton team sold 5,500+ equipment items for US
"Online demand continues to be strong, resulting in record bidder registrations and solid pricing across most equipment categories," said Kari Taylor, President, North America Sales, Ritchie Bros. "We would like to thank the thousands of buyers and sellers who have participated in Fort Worth and Edmonton auctions in 2020. A lot has changed, but thanks to our investments in technology, we continue to deliver certainty in uncertain times. Just this year we registered more than 54,000 bidders for our Fort Worth auctions, which is up 64 percent year over year."
The final Fort Worth auction, on December 8 – 9, attracted 11,700+ bidders, which is up 40 percent from the same auction last year. In total, the Fort Worth site attracted 54,000+ bidders over five auctions in 2020, up 63 percent from 2019. Approximately 39 percent of the equipment sold this week in Fort Worth was purchased by Texas buyers, while out-of-state and international buyers from as far away as Australia, Egypt, and the United Kingdom purchased the remaining 61 percent.
In its final auction of 2020, Ritchie Bros.' Edmonton site registered 14,500+ bidders from 60 countries. Approximately 94 percent of the equipment sold in this week's Edmonton auction was sold to Canadians, with 56 percent purchased by Albertans, while international buyers from as far away as India, Peru, and Poland purchased six percent of the equipment.
"Our Alberta and Texas markets are major sources of equipment and trucks across North America and the globe," said Doug Olive, Senior Vice President, Pricing. "More than 70 percent of all dozers sold in Canada were sold in Alberta. In 2020 alone, Edmonton sold 540 excavators for
With both auctions
AUCTION QUICK FACTS | Edmonton, AB: December 7 – 9 | Fort Worth, TX: December 8 - 9 |
Gross transaction value (GTV) | US | US |
Total Registered Bidders | 14,500+ bidders | 11,700+ bidders |
Number of items sold | 5,500+ | 5,000+ |
Number of consignors | 770+ | 700+ |
Ritchie Bros. has 18 auction events left in 2020. For more information about these events and available equipment, visit RitchieBros.com.
About Ritchie Bros.:
Established in 1958, Ritchie Bros. (NYSE and TSX: RBA) is a global asset management and disposition company, offering customers end-to-end solutions for buying and selling used heavy equipment, trucks and other assets. Operating in a number of sectors, including construction, transportation, agriculture, energy, oil and gas, mining, and forestry, the company's selling channels include: Ritchie Bros. Auctioneers, the world's largest industrial auctioneer offers live auction events with online bidding; IronPlanet, an online marketplace with featured weekly auctions and providing the exclusive IronClad Assurance® equipment condition certification; Marketplace-E, acontrolled marketplace offering multiple price and timing options; Mascus, a leading European online equipment listing service; and Ritchie Bros. Private Treaty, offering privately negotiated sales. The company's suite of multichannel sales solutions also includes RB Asset Solutions, a complete end-to-end asset management and disposition system. Ritchie Bros. also offers sector-specific solutions including GovPlanet, TruckPlanet, and Kruse Energy, plus equipment financing and leasing through Ritchie Bros. Financial Services. For more information about Ritchie Bros., visit RitchieBros.com.
Photos and video for embedding in media stories are available at rbauction.com/media.
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SOURCE Ritchie Bros.
FAQ
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