Ritchie Bros breaks sale record with $3.3m crane

RB sells Terax Demag 700t ATC crane, highest ATC sale in its history

The Terax Demag ATC was bought by a local rental company.
The Terax Demag ATC was bought by a local rental company.
A large number of high value cranes were sold at the Spain auction.
A large number of high value cranes were sold at the Spain auction.

A local buyer in Spain has paid more than $3.3 million (€2.5m) for a 2008 Terex Demag AC700 all terrain crane at a Ritchie Bros unreserved public auction, the highest sale price for an ATC in the industrial auctioneer's history.

The successful bidder, a rental company coming from the province of Alava in the north of Spain, participated in person at the Ocana auction site and purchased the 700-ton lifting capacity all terrain crane.

Other cranes sold include a 2008 Faun ATF90G4 90 ton ATC that sold for $535,000, a 2007 Faun ATF110G5 110 ton ATC that sold for $682,000, and a 2007 Faun ATF220G5 220 Ton ATC that sold for $903,000.

"We welcomed a large and diverse crowd of online and on-site bidders, which created a strong competitive bidding environment here in Spain," said Valero Serentill, regional sales manager, Ritchie Bros. Auctioneers.

"Excitement peaked when the selection of mobile cranes was sold on the second day of the auction, with bidder activity from North and South America as well as the far East. One key auction highlight was when the Terex Demag AC700 received the highest bid ever placed on an all terrain crane at a Ritchie Bros. auction ever!"

"The crane and other industrial equipment line-up from last week's auction shows the continuing confidence of crane and other equipment owners in Ritchie Bros. unreserved public auctions and our ability to reach the widest audience of interested bidders on auction day," he added.
 

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