Fractional ownership shares in luxury Radium Hot Springs resort to be sold without reserves at Ritchie Bros. auction



    RADIUM HOT SPRINGS, BC, May 26 /CNW/ - This Saturday, May 30, 2009, four
fractional ownership shares in the Bighorn Meadows Resort in Radium Hot
Springs, B.C., will be sold to the highest bidders - regardless of price - at
an unreserved public auction being conducted by Ritchie Bros. Auctioneers
(NYSE and TSX: RBA). Situated alongside the platinum-rated Springs at Radium
golf course and just three hours from Calgary, Bighorn Meadows offers all the
amenities of a luxury resort with a wealth of nearby recreational
opportunities. Interested buyers can bid in person at an unreserved public
auction in Vancouver, B.C., in person during a live auction simulcast in
Merritt, B.C., online in real time, or by proxy.
    "This weekend's auction offers a fantastic opportunity for anyone looking
to invest in recreational property near the Rockies," said Ellen Engelsbel of
Ritchie Bros. "All four fractional ownership shares in this high-end resort
will be sold to the highest bidders on Saturday, with no minimum bids or
reserve prices. If you can't make it to the auction to bid in person, you can
bid online or by proxy. Potential buyers can find all the information they
need on our web site at www.rbauction.com."

    
    Four fractional ownership shares in the Bighorn Meadows Resort will be
    sold in the May 30 auction:
    -   Two one-quarter shares in No.800 - 835 Bighorn Blvd. (one bedroom +
        loft)
    -   Two one-eighth shares in No.700 - 713 Bighorn Blvd. (two bedroom)

    Among the other B.C. properties being sold in the auction:
    -   Five fully-serviced home sites in the Nicola Lakeshore Estates in
        Merritt
    -   Seven fully-serviced home sites in the Merritt Plateau overlooking
        the Nicola Valley,
    -   An ocean-view luxury condominium in the Onyx at Craig Bay in
        Parksville

    Auction details:
    -   Location: the Grand Villa Hotel, 4331 Dominion Street, Burnaby (off
        Hwy One at the Willingdon exit)
    -   Saturday, May 30, 2009
    -   9 a.m. registration starts
    -   10 a.m. "How to Bid" seminar
    -   11 a.m. auction

    How to bid:
    -   In person at the Grand Villa Hotel in Burnaby
    -   In person during a live auction simulcast at the Florentine in
        Merritt, B.C. (4100 Belshaw Street)
    -   Online in real time - register online at least one week in advance at
        www.rbauction.com/onlinebidding
    -   By proxy: fill out and fax a proxy bid form by 5 p.m. on Thursday,
        May 28 and Ritchie Bros. will bid on your behalf, up to and including
        the amount you specify

    More information:
    Online: http://www.rbauction.com/property/2009310_vancouver_bc/radium.jsp
    Or phone Ellen Engelsbel, Ritchie Bros. Auctioneers: 604.273.2135

    PHOTOS are available to use with your articles at
    www.rbauction.com/media.
    

    About Ritchie Bros.

    Established in 1958, Ritchie Bros. Auctioneers (NYSE and TSX: RBA) is the
world's largest industrial auctioneer, selling more equipment to on-site and
online bidders than any other company in the world. The Company has over 110
locations in more than 25 countries, including 38 auction sites worldwide.
Ritchie Bros. sells, through unreserved public auctions, a broad range of used
and unused industrial assets, including equipment, trucks and other assets
utilized in the construction, transportation, agricultural, material handling,
mining, forestry, petroleum and marine industries. The Company maintains a web
site at www.rbauction.com and sponsors an equipment wiki at
www.RitchieWiki.com.





For further information:

For further information: Ellen Engelsbel, Manager, Real Estate Business
Services, Ritchie Bros. Auctioneers, Office: (604) 273-2135, or email:
eengelsbel@rbauction.com; Or Kim Schulz, Corporate Communications Manager,
Ritchie Bros. Auctioneers, Mobile: (604) 788-5379, or email:
kschulz@rbauction.com


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