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Ritchie Bros. sells US$99+ million of equipment in its largest-ever pipeline construction auction
Ritchie Bros. sells US$99+ million of equipment in its largest-ever pipeline construction...
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[{"type":"text","content":"\n \n \n \n Ritchie Bros. sells US$99+ million of equipment in its largest-ever pipeline construction auction\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n Retirement auction for Barrilleaux Inc. on\n \n Aug 10\n \n – 11 attracted 6,900+ bidders from 56 countries\n \n \n \n \n HOUSTON\n \n ,\n \n Aug. 16, 2021\n \n /CNW/ - Last week\n \n Ritchie Bros\n \n . sold US$99+ million of pipeline construction equipment in its largest-ever single-owner auction, for Barrilleaux Inc. In less than two days the company sold 3,100+ items from three Barrilleaux locations in\n \n New Mexico\n \n and\n \n Texas\n \n to thousands of online bidders from around the world.\n \n \n \n \n \n \n \n \n \n \"It was a great couple of days with excellent results that went way beyond our target,\" said owner\n \n Glen Barrilleaux\n \n . \"I've built a great relationship with\n \n Ritchie Bros\n \n . 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\n \n Ritchie Bros\n \n . to anyone looking to conduct their retirement sale.\"\n \n \n More than 6,900+ people from 56 countries registered to bid in the\n \n August 10\n \n – 11 unreserved auction. Approximately 95% of the equipment was purchased by U.S. buyers, including 41% sold to\n \n Texas\n \n buyers. The remaining 5% was sold to international buyers from as far away as\n \n Belize\n \n ,\n \n Morocco\n \n , and Australia.\n \n \n \"This was the nicest fleet of equipment I've seen in my 40+ years in the auction business,\" said\n \n Alan McVicker\n \n , Regional Sales Manager,\n \n Ritchie Bros\n \n . \"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\n \n Ritchie Bros\n \n . and we wish them all the best in their retirement.\n \n \n \"We now turn our attention here in\n \n Houston\n \n t...