Single-Owner Ritchie Bros. Auction Breaks Record

Ritchie Bros. conducted the largest single-owner auction in the company’s history, selling more than $54 million of equipment for Energy Transportation in Casper, Wyoming. The auction included 38 cranes, which sold for more than $35 million. A highlight of the auction was a 2010 600-ton Liebherr LTM1500-8.1 all-terrain crane, which sold for $3.35 million—the most expensive AT crane sold by Ritchie Bros. to date.

The Wyoming auction and attracted more than 3,000 on-site and online bidders from 47 countries. More than $43 million (78%) of equipment was sold to buyers outside the state. Online bidders purchased approximately $20 million (36%) of equipment.

Energy Transportation was founded by Dan McGlade in the early 1980s. In early 2015, he sold the operating interests of Energy Transportation to NCSG Crane & Heavy Haul Corp, but chose to sell the equipment through the unreserved auction in Casper.

More than 2,290 cranes, heavy-spec trucks, trailers, and other equipment were sold in the one-day auction. Specific equipment sales highlights included:

• A 2010 Liebherr LTM1500-8.1 600-ton 16x8x12 all terrain crane – sold for US$3,350,000
• A 2011 Liebherr LR1600/2 660-ton crawler crane – sold for US$3,300,000
• A 2013 Grove GMK7550 550-ton 14x8x14 all terrain crane – sold for US$2,725,000
• Two 2008 Manitowoc 16000 1, 2 & 3 440-ton crawler cranes – sold for US$2,325,000 each
• A 2012 Grove GMK6350 350-ton 12x8x12 all terrain crane – sold for US$2,200,000
• A 2010 Kenworth C500 6x6 off-highway prime mover (T/A) – sold for US$400,000
• A 2013 Kenworth C500 6x8 T/A T/A bed truck – sold for US$375,000
• Two 2002 Scheuerle 375-ton 12 line platform trailers – sold for US$420,000 and US$395,000