Marine auction brought in more than $74M

MORGAN CITY, La. — A two-day auction of marine vessels and equipment last week brought in more than $74 million, and the auction is slated to return to the Morgan City area in the spring of 2014, according to auctioneer Lloyd Henderson of Henderson Auctions.

The first day of the auction, held June 19 during which support equipment was up for auction, had to be moved from the original site in Gibson to the Petroleum Club of Morgan City due to weather issues, Henderson said.

The second day of the auction, on June 20, was also held at the Petroleum Club of Morgan City where marine vessels were auctioned off through a slideshow presentation.

The first day brought in $2.6 million, while the second day auction of vessels and other heavy equipment brought in more than $72 million, Henderson said.

At the auction, 31 states and 10 countries were represented, Henderson said.

Some of the big items auctioned off included a lay barge sold for $14.2 million, two deck barges for $1.8 million each, supply and push boats that went for up to $2.3 million, and offshore 300-ton cranes brought in $1.8 million each, he said.

Attendees to the auction were already asking for another marine auction in Morgan City in six months, but Henderson Auctions decided to hold another auction at the same locations by the spring of 2014, Henderson said.

The 250-person living quarters barge went for $850,000 while a 350-person barge went for $975,000, which Henderson was hoping to get to $1 million, he said.

“Overall, it was a real good high-energy, high-charge sale. The people turned out,” he said. A total of 434 people registered on the second day of the auction, but there were probably a total of 600 people in attendance, he said.

The auction also had 230 Internet bidders, he said.

There was a good local turnout with people wanting to see how the auction went, to see if they wanted to put their vessels in the next auction, Henderson said.

St. Mary Now & Franklin Banner-Tribune

Franklin Banner-Tribune
P.O. Box 566, Franklin, LA 70538
Phone: 337-828-3706
Fax: 337-828-2874

Morgan City Daily Review
P.O. Box 948, Morgan City, LA 70381
Phone: 985-384-8370
Fax: 985-384-4255

Follow Us