IronPlanet Celebrates 14th Anniversary of First Auction

IronPlanet is celebrating its 14th anniversary of its first auction this week.

The company held its first online auction on March 23, 2000, which consisted of one seller, 32 bidders and 22 items within the construction industry.

This year, the company held a four-day online auction that featured 406 sellers, 2,996 unique bidders from 78 countries and 1,795 items sold.

To date, the company holds weekly online auctions in North America, monthly online auctions in Europe and hosts a global Daily Marketplace reserved for auction.

Since its first online auction, IronPlanet has expanded into new asset categories.

IronPlanet acquired Asset Appraisal Services and launched TruckPlanet in 2013 to better serve the truck market.

TruckPlanet has sold more than $50 million of trucks and registered over 50,000 prospective truck buyers.

IronPlanet also offers appraisal services to help sellers determine the fair market value of their equipment, as well as transportation services and equipment financing for buyers.

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