IronPlanet Sold $99 Million During September Auctions | Construction News

IronPlanet, a leading online marketplace for selling and buying used equipment and other durable assets, has announced record-breaking results from its month-long September to remember auction events. Combining both online and on-site auctions, the company sold 9,890 items for more than $99 million in GMV (Gross Merchandise Volume), during 23 auctions in the month.

“September, 2016 was a record-breaking month, for the number of auctions that we held, the total number of bidders and buyers, as well as the total gross merchandise volume of over $99 million,” said Gregory J. Owens, IronPlanet chairman and CEO. “This is no doubt that we were able to achieve these stellar results due to our advanced data-drive technology platform, the power of our multiple online marketplaces, robust on-site auction events and the global reach of our more than 1.5 million registered users worldwide."

Owens went on to say that IronPlanet expects the rest of the fall auction season to be great, and that the company is also gearing up for its largest Florida auction ever in February 2017.

IronPlanet’s September highlights included: 

A total of 5,933 global bidders attending online and on site.

A total of 9,890 items sold, in categories that ranged from Humvees to quarry and mining equipment, classic cars, pump and power equipment, oilfield machinery, trucks, tractor crawlers, and many others.

The highest ticket item sold for $875,000, a 1999 Liebherr LR1400 lattice-boom crawler crane, located in Mississippi.

The most viewed items were excavators, while the item with the most bids was a Dodge Ram pickup truck.

The top five bid categories, in order, were oilfield equipment (10,231 bids), Humvees (9,060 bids), attachments (6,281 bids), excavators (6,070 bids), and tools (5,940 bids).

Participation from 84 countries, with 34% of the auction items receiving international bids, and 1,519 items being purchased by international buyers. After the United States, Canada, and Mexico, Great Britain was the most active bidding country. Two Cat crawler tractors located in the United States were purchased by a bidder in Mauritius, an island in the India Ocean nearly 10,451 miles away. Texas was the state that sold the most items as well as the state that bought the most.

IronPlanet’s Cat Auction Services sale in Dallas - Fort Worth, TX on September 14 featured the debut of IronPlanet LiveStream, the next generation in online bidding for live on-site auctions. IronPlanet LiveStream offers new auction features for buyers who need to stay in the field, on the job, or who prefer the convenience of buying online, and its Leaderboard technology also provides online bidders the same views, videos, and bidding experience as on-site bidders.

IronPlanet is already planning its largest unreserved public auction for Kissimmee, Fla., on February 13-17, 2017. Hosted by Ring Power Corporation, the five-day event will feature sellers Altorfer Inc., Blanchard Machinery, Carolina CAT, Cleveland Brothers, Fabick Cat, Foley, Inc., Louisiana Cat, Mustang Cat, Pipeline Machinery, Puckett Machinery, Ransome Cat, Riggs CAT, Ring Power Corporation, Thompson Machinery, Yancey Bros. Co., Ziegler CAT, and many more. For more information about the 2017 Florida auction, visit www.ironplanet.com/Florida.