IronPlanet breaks single item record

IronPlanet, a leading online marketplace for used heavy equipment, has broken its record for the largest single unit ever sold.

IronPlanet, a leading online marketplace for used heavy equipment, has broken its record for the largest single unit ever sold. A buyer from North Carolina won a Marion 7820 Walking Dragline in IronPlanet’s Daily Marketplace, for the highest bid of $3 million from a seller in Pennsylvania.
“This successful sale between two of the largest aggregate producers in the United States is a prime example of how our global marketplace connects buyers and sellers quickly and effectively,” said Greg Owens, CEO of IronPlanet. “Our Daily Marketplace is a complement to our regular weekly auctions and allows us to reach out to our global network and find the right buyers to meet a seller’s price target, which can be particularly useful when selling high-priced and unique items like the dragline.”
Weighing over 2,000t and consisting of a bucket attachment large enough to accommodate parking for three full-size pickup trucks, the item is one of the largest pieces of equipment sold by IronPlanet.
IronPlanet’s Daily Marketplace allows sellers to set a reserve price, a hidden minimum price that sellers are willing to accept for an item, and select a closing time at any point throughout the week. Sellers also have the option of displaying a “Win it Now” price, for buyers that may wish to complete the sale.