Ritchie Bros. Sets Records in Final Fort Worth Sale of 2017

Wed December 20, 2017 - West Edition #26
Construction Equipment Guide

The Cat 966F loader has the attention of Victor Garzarelli of Left Lane Trucking, Marion, Texas.

Oscar (L) and Araceli Perez traveled to Fort Worth from Houston to bid on backhoe loaders. The couple, who represent Garfia’s Auto Sales, are interested in this Cat 416E.

Mills Crushed Stone, a Stephenville, Texas, company, was in need of a compact loader so it sent Kirk Mills to Fort Worth to bid on this Cat 908.

Adam Castaneda (R) of South Mountain Tractor said he is learning the equipment business from his grandfather, Mike. The Castanedas traveled from Phoenix to bid on several pieces, including this Cat D6T.

Joe (L) and Ricky Main were eyeing this Volvo compactor. The Mains own M-Co Construction of Springtown, Texas. M-Co specializes in the construction of water, wastewater and drainage systems.

Justin O’Neal of Finger, Tenn., was on hand to bid on this Cat D4G with a ripper attachment. O’Neal represents Southern Equipment Sales LLC.

Manhattan, Kan., is best known as the home of Kansas State University, but it also is home to Midwest Concrete Materials Inc. Eric Lowery (L) and Broc Yakel represented the company at the auction and bid on this Cat 938M wheel loader.

Business is booming, according to Paul Brightwell of Dirtworks Co. in Ardmore, Okla. His company was in need of a vibratory soil compactor like this Cat CP54B.

Ritchie Bros. sold more than 4,100 equipment items and trucks for more than $50 million at its unreserved auction in Fort Worth, Texas, setting a new December sales record for the site.

More than 5,000 people from 60 countries registered to bid in the auction on Dec. 13 to 14, 2017, including more than 3,500 people registering to bid online. United States buyers purchased 91 percent of the equipment, including 40 percent purchased by Texas buyers, while international buyers from as far away as India, Italy and Vietnam purchased 9 percent of the equipment. Online buyers purchased 56 percent of the equipment.

“We had a great auction this week — our largest sale ever in December — with an uptick in pricing in most equipment categories,” said Neal Black, regional sales manager, Ritchie Bros. “We saw particularly strong pricing for the nice forestry package in the auction, which sold to buyers across the country and into Canada. We also saw good prices for the massive selection of transportation assets in the sale.”

Black continued, “We'd like to thank all the buyers and sellers that participated in our Fort Worth auctions this year — from our site's largest auction ever in March to our site's largest December auction ever.”

Ritchie Bros. sold equipment for more than 575 owners in the Fort Worth auction. Highlights included more than 450 truck tractors; more than 390 trailers; more than 225 aerial work platforms; more than 95 excavators; 65 compactors; more than 55 skid steers; 55 loader backhoes; more than 50 flatbed trucks; more than 45 dump trucks; more than 35 loaders; and more than 15 dozers. All items were sold without minimum bids or reserve prices.

Specific Equipment Sales Highlights

Two 2015 Kenworth T800 12x6x4 with Manitex TC700 70-ton boom trucks sold for a combined $650,000;

a 2015 Peterson 4710B crawler horizontal grinder sold for $365,000;

two Caterpillar 938M wheel loaders sold for a combined $355,000;

a 2016 Tigercat 635E 6x6 grapple skidder sold for $315,000;

two Terex TA300 6x6 articulated dump trucks sold for a combined $260,000; and

a 2013 Tesmec TRS1375 crawler bucket wheel rock saw sold for $230,000.

Auction Quick Facts: Fort Worth, Texas – Dec. 13 – 14, 2017

Total gross transactional value — more than $50 million

Amount sold to online bidders — more than $28 million (56 percent)

Total registered bidders (in person and online) — more than 5,000

Registered online bidders — more than 3,500

Total lots sold — more than 4,100

Number of sellers — more than 575

CEG

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