May 17, 2021 By Crane & Hoist Canada Staff
A 2006 Grove rough terrain crane sold for $200,000 at an auction in Toronto last week, coming in as the fourth most expensive item at the event.
Ritchie Bros. sold more than 4,200 items, totalling more than $53 million, at the auction that ran May 11-13. It attracted more than 9,200 online bidders from 67 countries, according to the company.
“Current market conditions, and our ability to drive demand, have resulted in buyers paying a premium for equipment and trucks right now, especially hydraulic excavators, wheel loaders, truck tractors, reefer trailers, and dry vans,” said John Glenn, regional sales manager, Ritchie Bros.
About 89 per cent of the assets were sold to Canadians, including 65 per cent sold to Ontario buyers, while the remaining 11 percent was sold to buyers from as far away as Australia, Ecuador, Poland, and the Philippines. Interested buyers conducted more than 393,000 equipment views online, which is up 78 per cent compared to the May 2020 Toronto auction.
Top five sellers
- 2016 Caterpillar 982M wheel loader – $390,000
- 2005 John Deere 800C hydraulic excavator – $260,000
- 2016 Caterpillar 745C 6×6 articulated dump truck – $202,500
- 2006 Grove RT890E 90-ton 4x4x4 rough terrain crane – $200,000
- 2015 Freightliner FL108SD T/A plow/sander truck – $180,000
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