A record price for a single auction lot in Dubai has been set at the RB Auction site in Jebel Ali.
The most recent sale, held in the first week of May, saw a number of two to three year old Manitowoc 2250 lattice boom crawler cranes entered into the sale. Two machines were 300-tonne units, while a further pair were 200-tonne.
Bidding on the newest 300-tonne unit, a 2008 model with 2500 hours on the clock, was fast and furious, with the hammer eventually falling at a record-breaking US $1.7m
The other 2250 in the sale, a 2007 model, sold for US $1.45m, while the 200-tonne Manitowoc 14000 machines sold for US $990,000 and US $995,000 respectively.
Steve Barrit, a manager at the auction house said: “We believe one of the reasons is that some of the manufacturers have stopped manufacturing, so that prices are getting high again for equipment. Lots of places are coming out of recession and so the prices are quite high.” He added that the cranes were bought by different buyers, and were to soon be headed out to new owners in Singapore, India, Saudi Arabia and Kuwait.
