Strong Texas pricing presents selling opportunity in Ft. Worth

Auction Results Advice for sellers Comments

Equipment in Ft Worth auction yard

Still time to consign for upcoming Ft. Worth auction March 17-18.

Our first Ft. Worth auction of the year is coming up, and if recent pricing trends at our Houston auction are any indication, this Texas event could be a great opportunity for sellers. The two-day Houston auction sold $47 million in equipment and tracks while attracting 14,900+ bidders from all over the world. That’s 68% more from the same auction last year and set a new record for the site.

"Continuous innovations in our online experience and marketing approaches are driving significant increases in online page views to our websites, pre-registrations for our events, and PriorityBids on items,” said Alan McVicker, Regional Sales Manager, Ritchie Bros., after the Houston auction.

“All of these are great indicators for the momentum building.”

So far total equipment pageviews for the upcoming Ft. Worth auction are up 109% year over year, while per lot pageviews are up 290%. Customers have added 22,600+ items to their watchlists, which is up 133% per item.

Houston’s auction saw 33,000+ PriorityBids placed on items ahead of the auction. PriorityBid will open March 14 for Ft. Worth.

Equipment in Ft Worth auction yard

Texas sellers take note of Houston’s pricing results

Pricing was up in Houston in nearly every asset category, with particularly strong pricing for transportation, aerial equipment, and vocational trucks. For example, 315 truck tractors sold for more than $8.1 million, or an average of $25,000+ per truck. The Houston auction also featured 117 excavators selling for US$5.8 million.

More than 4,500 items will sell in Ft. Worth on March 17-18, and it will feature a wide selection of construction equipment (900+), transportation (600+), and oil & gas related items (700+). Last year’s Ft. Worth event in March attracted a record numbers of bidders, registering 9,150+ bidders from 65 countries and selling more than US$72+ million of equipment items and trucks.

There’s still time to consign for this premier Texas event. Talk to us today!

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