Ritchie Bros. Hosts Two-Day Equipment Sale in Fort Worth

Wed May 23, 2018 - West Edition #11
CEG

Jearle and Tammy Nichols operate Nichols Equipment in Yellville, Ark. They were shopping dozers like this Case 85K at Ritchie Bros.’ Fort Worth sale.

Two generations of Santo Construction men were on hand in Fort Worth. Ignacio Santos Sr. (L) and his son, Ignacio, were buying an excavator for the concrete construction business.

James Byrd of Byrd Excavation was bidding on the Dynapac CP27 pneumatic roller.

Herb Cress of Newman Tractor LLC traveled from Verona, Ky., to bid on several dozers, including this Cat D8T.

Carlos Molina (L) and Mario Chavez of RM Excavating in Denver were adding a wheel loader to their fleet and plan to bid on this John Deere 544J.

Bill McCown (R), president of Power Lift Foundation Systems, and his equipment manager Dion Brassfeld (L) search for compact excavators. Brassfeld’s wife, Tina, accompanied them on the ride from Sherman, Texas.

Vadhy and Thomas Maxwell of Oklahoma Excavation Service were in need of a dozer for their Edmond, Okla., excavating business. This John Deere 650J would fit their needs perfectly.

Old friends Fred Leach (L) of Cisco Equipment and Jeff Beard of Beard Equipment take a break from the Texas humidity. Leach heads up Cisco’s DFW operation and Beard’s dealership is based in Midland.

Ritchie Bros. sold more than $44 million of equipment and trucks over two days at its live, unreserved auction in Fort Worth, Texas.

More than 4,750 people from 59 countries registered to bid in the May 15 to 16, 2018, event, including more than 3,450 people registering to bid online. United States buyers purchased approximately 87 percent of the equipment, including 49 percent purchased by Texas buyers, while international buyers from such countries as Mexico, Thailand and New Zealand purchased 13 percent of the equipment. Online buyers purchased 54 percent of the assets.

“We had a great turnout this week — with attendance up approximately 12 percent year over year — resulting in strong pricing across most equipment categories,” said Dolan Aucoin, sales director, Ritchie Bros. “Speaking with contractors at the auction, many of them have a nice backlog of projects, which is keeping demand high at our auctions. We also saw solid pricing on the transportation gear and oilfield-related equipment featured in the auction.

“We would like to thank all our buyers and sellers in Fort Worth this week; and encourage equipment buyers to check out the more than 1,000 items being sold online through IronPlanet.com.”

In total, Ritchie Bros. sold more than 3,750 items for more than 565 owners in Fort Worth. Highlights included more than 300 truck tractors; more than 120 excavators; more than 95 skid steers; more than 55 loader backhoes; more than 50 compactors; more than 40 wheel loaders; more than 35 dozers; as well as cranes; oil and gas-related equipment; and more. All items were sold without minimum bids or reserve prices.

Specific Sales Highlights

A 2007 Kobelco CK2500 II 250-ton crawler crane sold for $760,000;

three Caterpillar 140M2 VHP plus motor graders sold for a combined $392,500;

two Komatsu D155AX-7 dozers sold for a combined $385,000;

a 2011 Caterpillar D8T dozer sold for $250,000;

a 2011 Peterbilt 367 with Manitex 5096S 50-ton boom truck sold for $180,000; and

a 2013 Kobelco SK350-9 hydraulic excavator sold for $132,500.

Auction Quick Facts

Total gross transactional value — more than $44 million

Amount sold to online bidders — more than $24 million (54 percent)

Total registered bidders (in person and online) — more than 4,750

Registered online bidders — more than 3,450

Total lots sold — more than 3,750

Number of sellers — more than 565

Ritchie Bros. currently has more than 40,000 equipment items, trucks, and other assets listed for sale in its upcoming onsite unreserved auctions, IronPlanet weekly online auctions, Marketplace-E and its other marketplaces.

For more information, visit rbauction.com and ironplanet.com.

CEG

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