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Ritchie Bros. Sells Over $99M of Equipment in its Largest-Ever Pipeline Construction Auction

HOUSTON, TX — Ritchie Bros. sold over $99 million of pipeline construction equipment in its largest-ever single-owner auction, for Barrilleaux Inc. In less than two days, the company sold more than 3,100 items from three Barrilleaux locations in New Mexico and Texas to thousands of online bidders from around the world.

"It was a great couple of days with excellent results that went way beyond our target," said Owner Glen Barrilleaux. "I've built a great relationship with Ritchie Bros. over the past 15-plus years I've been working with them. This whole process went so smoothly because of their professionalism and hard work. I wouldn't hesitate to recommend Ritchie Bros. to anyone looking to conduct their retirement sale."

More than 6,900 people from 56 countries registered to bid in the unreserved auction. Approximately 95 percent of the equipment was purchased by U.S. buyers, including 41 percent sold to Texas buyers. The remaining 5 percent was sold to international buyers from as far away as Belize, Morocco, and Australia.

"This was the nicest fleet of equipment I've seen in my 40-plus years in the auction business," said Alan McVicker, Regional Sales Manager, Ritchie Bros. "Combine that with our ability to drive unprecedented demand and you get amazing results, with several items from this auction achieving higher prices than retail. We'd like to thank Mr. and Mrs. Barrilleaux for putting their trust in Ritchie Bros., and we wish them all the best in their retirement."

The Barrilleaux auction was live simulcast from Ritchie Bros. site in Houston, where customers were welcomed back for the first time in 18 months. Still, most of the action was online, with customers completing more than 450,000 equipment views and making close to 13,000 PriorityBids.

Five Big Sellers
  • 2015 Vermeer T1155III crawler trencher - $800,000
  • 2019 Caterpillar D8T crawler tractor - $620,000
  • Unused 2020 Caterpillar 14M3 motor grader - $520,000
  • Unused 2020 Caterpillar 926M wheel loader - $225,000
  • 2021 Peterbilt 389 sleeper truck tractor - $265,000

Ritchie Bros. is a global asset management and disposition company, offering customers end-to-end solutions for buying and selling used heavy equipment, trucks, and other assets. The company helps thousands of people around the world appraise, sell, inspect, buy, refurbish, ship, and finance heavy equipment, trucks, and other assets every month.

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