Ritchie Bros sells largest all terrain at auction

12 June 2013

The Terex Demag AC700 all ternrain crane sold for €2,500,000 (US$ 3,320,500)

The Terex Demag AC700 all ternrain crane sold for €2,500,000 (US$ 3,320,500)

A Terex Demag AC 700 all terrain crane sold at a Ritchie Bros auction in Spain for €2,500,000 (US$ 3,320,500).

The two-day unreserved public auction was held on 6 and 7 June in Moncofa and Ocaña. The successful bidder, who comes from the province of Alava in northern Spain, participated in person at the Ocaña auction site on the second day of the auction, 7 June.

In addition to the AC 700, more than 3,100 heavy equipment items, including 30 all terrains were sold. More than 1,690 people from 76 countries registered to bid at the auction.

Commenting on the two-day auction, Valero Serentill, regional sales manager, Ritchie Bros Auctioneers, said, "We had two exciting days at our auction sites in Ocaña and Moncofa last week. We welcomed a large and diverse crowd of online and on site bidders, which created a strong competitive bidding environment here in Spain. Excitement peaked when the selection of mobile cranes was sold on the second day, with bidder activity from North and South America as well as the Far East. One key auction highlight was when the Terex Demag AC 700 received the highest bid ever placed on an all terrain crane at a Ritchie Bros auction ever."

Other crane highlights included a 90 tonne capacity 2008 Tadano Faun ATF 90G4 all terrain that sold for €400,000 ($ 531,280); a 100 tonne capacity 2007 Tadano Faun ATF 110G5 all terrain that sold for €510,000 ($ 677,382); a 220 tonne capacity 2007 Tadano Faun ATF 220G5 all terrain that sold for €675,000 ($ 896,535); two 65 tonne capacity 2007 Tadano Faun ATF 65G4 all terrains that sold for €270,000 ($ 358,614) each; a 45 tonne capacity 2004 Liebherr LTM 1045-3.1 all terrain that sold for €180,000 ($ 239,076); and a 30 tonne capacity 2005 Liebherr LTM 1030-2.1 all terrain that sold for €122,500 ($ 162,704).

The next Ritchie Bros unreserved public auction in Spain will be held at the company's permanent auction sites in Ocaña and Moncofa in September.

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