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Personal Investments • Re: Purchasing an crane at auction to flip at a better marketed auction

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Just a quick note to close the loop on this thread.

Insurance to move this crane ended up being nearly unobtainable.

While I was trying to find insurance to move this machine, I ended up learning about an end user who was also interested in the crane.

The crane was sold today at the original auction. It sold for nearly what I thought I could get for it at the better venue.

$470,000

I was in error in thinking the better-advertise RB auction could result in a significant premium over the local house.

It was a great learning experience and I appreciate all of the input given by the participating posters.

Statistics: Posted by Workinprogress — Thu Apr 25, 2024 10:04 pm



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