More than 3,400 equipment items and trucks were sold in the two day unreserved public auction on September 25 - 26, 2012
FORT WORTH, TX, Sept. 27, 2012 /PRNewswire/ - Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world's largest industrial auctioneer, sold more than US$40 million of equipment items and trucks at an unreserved public auction in Fort Worth, Texas on September 25 - 26, 2012. More than 3,400 equipment items and trucks were sold in the auction—with each and every item being sold to the highest bidder, regardless of price—without minimum bids or reserve prices. Bids in the auction were made in person at the auction site, online at www.rbauction.com or by proxy.
"More than 2,950 bidders from 58 countries participated in our Fort Worth auction this week," said Adam Kawulok, Regional Sales Manager, Ritchie Bros. Auctioneers. "Out-of-state buyers purchased close to US$23 million worth of equipment, from as far away as Australia, Colombia, Malaysia and The Netherlands. Ritchie Bros. attracts larger bidding audiences. Our ability to attract bidders from across the country and around the world is what allows us to provide our sellers true global market value for their equipment on auction day—it's something we take great pride in."
Equipment highlights in the two-day Fort Worth auction included 82 hydraulic excavators, 58 wheel loaders, 57 crawler tractors, 24 motor graders, 163 truck tractors and more—every single piece was sold to a new owner by the end of the auction. Equipment was sold for more than 400 consignors, including a selection of late model truck tractors and trailers sold for X 1 Energy Services LLC, a Henderson, TX-based oilfield service company."I am very happy—almost everything I sold went for 15 to 20 percent more than I thought it would," said Pete Kirkland, owner of X 1 Energy Services LLC. "I have bought with Ritchie Bros. a bunch in the past, but this is the first time I have ever sold and I was very impressed with how Ritchie Bros. marketed all my equipment—they did a great job with all the photos they took and the way the equipment was lined up in the yard. I also think it's excellent that Ritchie Bros. sells all equipment unreserved—it brings in a better buyer market since people know they aren't bidding against the owners of the equipment." AUCTION QUICK FACTS: FORT WORTH, TX - SEPTEMBER 25 & 26, 2012
- Gross Auction Proceeds - US$40+ million
- Amount sold to online bidders - US$15+ million (38 percent)
- Unique bidders (total) - 2,950+
- Unique online bidders - 1,750+ (60 percent)
- Lots sold - 3,400+
- Number of sellers - 400+
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV