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IronPlanet\ s $3m dragline record sale.

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Industrial auctioneers IronPlanet has beaten its sales record for the most expensive machine, by selling a Marion 7820 Walking Dragline for $3m.

The 2000 tonne machine was bought by a buyer in North Carolina, from a seller in Pennsylvania, with a single bid.

The machine had a meter reading of 29,149 hours, and IronPlanet's report history indicated that the 7820 was shipped from the Marion factory in January 1985 and went into service in June of 1985.

In 1995, the unit slipped off the high wall into an open cut pit, resulting in the machine receiving a major overhaul and returning to work in excellent condition. According to IronPlanet's inspection, the machine's condition was recorded as 'fair'.

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"This successful sale between two of the largest aggregate producers in the United States is a prime example of how our global marketplace connects buyers and sellers quickly and effectively," said Greg Owens, CEO of IronPlanet.

"Our Daily Marketplace is a complement to our regular weekly auctions and allows us to reach out to our global network and find the right buyers to meet a seller's price target, which can be particularly useful when selling high-priced and unique items like the dragline."

The machine has a shipping weight of 167 tons. Ballast consists of punchings of 425 tons. The working weight with bucket is 2,100 tons.

The estimated price for a new 7820 Dragline is approximately $50,000,000.

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Publication:Construction Week
Date:Mar 14, 2013
Words:277
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