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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 has broken its record for the largest single unit ever sold.

IronPlanet 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.

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