This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Ritchie Bros. Sells More Than US$44 Million Of Equipment And Breaks Multiple Site Records In Fort Worth, TX Auction

Site records for registered bidders and online bidders were set as more than 3,100 heavy equipment items and trucks were sold during the two-day heavy equipment auction in Fort Worth

FORT WORTH, TX, March 7, 2013 /PRNewswire/ - Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world's largest industrial auctioneer, sold more than US$44 million of equipment items and trucks at a two-day unreserved public auction held at its permanent auction site in Fort Worth, Texas on March 5 & 6, 2013. New auction site records were set for total registered bidders (more than 3,900) and total online bidders (more than 2,300). Equipment highlights included a 2009 Freightliner Cascadia truck tractor that sold for US$49,000 and formed part of the professionally maintained, 23-truck Walmart fleet featured in the Fort Worth auction as well as a 2008 Caterpillar D8T crawler tractor that sold for US$282,500. In total, more than 3,100 equipment items and trucks were sold in the auction for more than 470 sellers - every item was sold to the highest bidder, without minimum bids or reserve prices.

"This auction offered one of the largest quantities of high-quality late-model equipment that I have seen at our auctions here in Fort Worth," said Adam Kawulok, Regional Sales Manager, Ritchie Bros. Auctioneers. "The unprecedented number of late-model Caterpillar D8T crawler tractors and professionally maintained Walmart trucks that were sold is just a glimpse of the great collection of well-maintained, late-model equipment that we continue to offer at our Fort Worth auctions. And, with so many of the people bidding in our auctions being end-users, selection is very important for our buying customers. It's because of that and the ability of Ritchie Bros. to reach buyers from all over—as was shown by the multiple records set at this auction—that we create a competitive bidding environment which allows us to achieve strong values for the sale of our equipment."

Over 3,900 people from more than 60 countries, including 48 U.S. states, nine Canadian provinces and one Canadian territory, registered to bid in person or online in real time at the auction. Bidders from outside Texas purchased more than US$24 million (55 percent of total gross auction proceeds).

More than 2,300 of the bidders taking part in the auction registered to bid online and purchased more than US$19 million of equipment online (43 percent of total gross auction proceeds).

  • Gross Auction Proceeds - more than US$44 million
  • Amount sold to online bidders - more than US$19 million (43 percent of total gross auction proceeds)
  • Unique bidders (total) - more than 3,900 * new Fort Worth, TX permanent auction site record
  • Unique online bidders -  more than 2,300 *  new Fort Worth, TX permanent auction site record
  • Lots sold - more than 3,100
  • Number of sellers - more than 470

The Ritchie Bros. auction calendar currently features more than 125 unreserved public auctions around the world, including a two-day unreserved public auction in Houston, TX on April 17 and 18, 2013. Visit 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, agricultural, material handling, energy, mining, forestrymarine and other industries. Ritchie Bros. offers compelling solutions that make it easy for the world's builders to buy and sell equipment with confidence. The Company conducts hundreds of unreserved public auctions each year, selling more equipment to on-site and online bidders than any other company in the world (  The Company also operates an online marketplace through Ritchie Bros. EquipmentOne ( and a range of value-added services, including equipment financing for customers through Ritchie Bros. Financial Services ( The Company has over 110 locations in more than 25 countries, including 45 auction sites worldwide.

ATTENTION MEDIA : Photos and other media resources are available for use at Members of the public and the media can follow Ritchie Bros. on Twitter @RitchieBros.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.02 0.00%
FB $104.07 0.00%
GOOG $683.57 0.00%
TSLA $162.60 0.00%
YHOO $27.97 0.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs