IronPlanet sold $4.2 million of equipment and trucks in its August 25 auction. A 1987 Caterpillar 966D wheel loader located in Alabama sold to a buyer in Belgium for $54,000. The buyer competed against 15 other bidders from seven U.S. states and three countries, including Egypt, Mexico and Saudi Arabia.
"Online auctions extend local supply to international demands," said Mike Rich, vice-president of sales at IronPlanet. The auction drew over 6,900 registered auction attendees from across the U.S. and 20 other countries. Twenty-two bidders tried to win a 2000 Bobcat B250 backhoe loader that sold for $21,500. A 1998 Caterpillar D400E articulated dump truck sold for the highest bid of $127,000.
Founded in 1999, IronPlanet says it has grown to be the third-largest auction company of heavy equipment.
http://www.ironplanet.com
