IronPlanet, the third-largest auction company of heavy equipment in
North America, sold $7.3 million of equipment and trucks in its Aug. 11
auction.
”When you compare the location of the equipment to the winning bidders’
locations, you can see the value our auctions give both buyers and sellers,”
commented Mike Rich, vice-president of sales at IronPlanet.
Rich referred to the results page for each sale available on IronPlanet’s
website, saying, “Not only can you see the highest bid for each piece, but
also you can see the equipment’s location, the buyer’s location and the number
of bids. By clicking on the name of the equipment, you can look further into
the inspection report.”
The auction drew over 7,400 registered auction attendees from across the
U.S. and 16 other countries. Thirty bidders vied for a 2001 Caterpillar 416D
backhoe loader that sold for $42,000. A 2002 Caterpillar 345BL II track
excavator sold for the highest bid of $183,000. A 2002 Caterpillar D6MLGP
crawler tractor located in Florida sold to a buyer in Nigeria for $83,000.
Founded in 1999, IronPlanet has grown to be the third-largest auction
company of heavy equipment. With investors such as Caterpillar, Komatsu and
Volvo, IronPlanet sells a broad range of used equipment including
construction, agricultural and trucks through online auctions. IronPlanet is
the only auction company to provide detailed, guaranteed inspection reports
for used equipment in its auctions. If you are interested in buying or selling
used equipment, go to http://www.ironplanet.com.

Posted: 08|25|05 at 10:33 am. Filed under: US News.