IronPlanet Sells $33MM at Equipment Auctions



IronPlanet sold $33.7 million in equipment at auctions held on May 13 – 14, 2015. In addition to sales across its online marketplaces IronPlanet, TruckPlanet and GovPlanet, IronPlanet held two onsite auctions: a Cat Auction Services live unreserved public auction in Morgantown, WV, and a Kruse Energy & Equipment Auctioneers two-day auction in Odessa, TX.

More than 25,000 people attended the auctions online and onsite, buying more than 2,750 lots of equipment for $33.7 million in gross merchandise value. IronPlanet’s Kruse Energy & Equipment Auctioneers saw strong pricing across its oil and gas offerings, including 20-plus well service rigs, nine drilling rigs and a full fracking fleet package that brought a record price at auction.

“Morgantown was our fourth Cat Auction Services event this year and we couldn’t be more pleased with the buyer turnout and pricing for equipment sold,” said Gregory J. Owens, IronPlanet chairman and CEO. “We are very pleased with our integration with Cat Auction Services and the value we are driving for all of our sellers and buyers in a live, onsite auction format, attracting large local participation at our auctions as well as combining effectively with our global buyer base online.


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