Construction

Ritchie Bros sells $3.35m Liebherr crane in auction record

Price obtained for all-terrain crane in $54m equipment selloff beats auctioneer’s record in the category

PHOTO: The Ritchie Bros. Auctioneers sale of Energy Transportation equipment included nearly 40 large cranes, and rows of heavy-spec trucks, trailers and other equipment. Credit: RBA

An equipment sale by Ritchie Bros. Auctioneers has netted $54 million, including the disposal of an all-terrain crane sold for a record price in its category for the US-based industrial specialist.

Ritchie Bros. was instructed to conduct a dispersal sale for Energy Transportation, a major North American crane-rental firm.

With nearly 40 large cranes for sale, and rows of heavy-spec trucks, trailers and other equipment, it was the largest single-owner auction in Ritchie Bros.’s history, enticing more than 3,000 on-site and online bidders.

The highest-priced item on auction day was a 2010 Liebherr LTM1500-8.1, which sold for $3.35 million, marking the most expensive all-terrain crane sold by Ritchie Bros. to date.

Other notable sales including a 2011 Liebherr LR1600/2 crawler crane which sold for $3.3m, a 2013 Grove GMK7550 ATC, and two 2008 Manitowoc 16000 crawler cranes, which sold for $2,325,000 each.

The sale also included a number of expensive transportation units, including a 2010 Kenworth C500 6×6 off-highway prime mover (T/A) which sold for $400,000, a 2013 Kenworth C500 6×8 T/A T/A bed truck which sold for $375,000 and two 2002 Scheuerle 375-ton 12 line platform trailers which sold for $420,000 and $395,000.

Of the $54m raised in the auction, around $20m was from online bidders.

The founder of Energy Transportation, Dan McGlade, sold his entire company fleet in a single day.

“Bidder turnout was even bigger than we expected, which resulted in strong equipment values in the auction,” said McGlade.

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