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Ritchie Bros. Denver Auction Breaks Company Record

Wed July 07, 2010 - West Edition
Construction Equipment Guide

Ritchie Bros. Auctioneers broke its record for the highest value equipment item ever sold in a Denver auction during a two-day multi-million dollar unreserved public auction at the company’s permanent site in Denver, Colo., on June 10 and 11.

More than 1,900 registered bidders from 32 countries, including 45 U.S. states and nine Canadian provinces competed for 1,400 equipment items, trucks and cranes. Bids were placed in person and online in real time on the Ritchie Bros. Web site.

The highest value equipment item sold in the auction was a 2006 Manitowoc 16000 440-ton (400 t) self-erecting crawler crane — the largest Manitowoc crawler crane ever sold in company history. A buyer from California purchased the crane for $2.5 million. The same buyer also purchased the highest priced rough terrain crane in the auction — a 2007 Grove RT9130E 130-ton (118 t) for $675,000.

“All the cranes sold in the auction — including the Manitowoc 16000 440-ton crawler crane — performed well. Overall it was a very successful auction,” said Steve Merich, regional manager of Ritchie Bros. “The fact that we conducted a large crane auction last year and had a solid marketing strategy in place to advertise these cranes really paid off. Not only did we attract many on-site bidders on auction day interested in these cranes, but also we had equally strong interest online.”

Prior to the Denver auction, the highest value equipment item ever sold at the site was an unused 2008 Manitowoc 14000 220-ton (200 t) self-erecting crawler crane that sold for $1.75 million in October 2009. Both Manitowoc crawler cranes were consigned by Energy Transportation Inc., a Casper, Wyo. based heavy haul and crane and rigging company.

Other late model Grove rough terrain and hydraulic truck cranes sold to out-of-state buyers in the auction included a 2006 Grove TMS990E 90-ton (81 t) 8 x 4 x 4 hydraulic truck crane purchased online by a buyer from Ontario, Canada and a 2008 Grove RT890 90-ton rough terrain crane and a 2007 Grove RT760E 60-ton (54 t) rough terrain crane purchased by buyers from Ohio.

Telescopic forklifts, skid steer loaders, hydraulic excavators, loader backhoes, wheel loaders, motorgraders, motor scrapers, trenchers and crawler tractors, trucks and trailers were amongst the large selection of other equipment items sold in the auction with no minimum bids or reserve prices.

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