26.03.2015

Crane auction raises $35 million

The Energy Crane auction in Casper, Wyoming, yesterday raised over $54 million, a new record at Ritchie Bros for a single owner sale.

The sale included 38 cranes, which fetched over $35 million. Around 3,000 on-site and online bidders competed to buy the cranes and transport equipment.
See Major crane auction
Highlights of the auction included a 500 tonne 2010 Liebherr LTM1500-8.1 All Terrain that fetched $3.35 million—the most expensive All terrain Crane sold by Ritchie Bros. to date.
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The scene at the Ritchies Bros Auction

Ritchie Bros chief executive Ravi Saligram said: "Our extremely successful Casper auction, featuring high-quality cranes, trucks and trailers, is one of the largest underwritten complete dispersals the Company has ever done".

"The strong performance and pricing we achieved today reflects the power of Ritchie Bros.' brand to reach and attract buyers from all over the world. This auction epitomized our strong customer relationships, our marketing prowess, our operational know-how, and most importantly the trust consignors place in us with their high-value fleets."