VANCOUVER, June 22 /CNW/ - Ritchie Bros. Auctioneers (NYSE and TSX: RBA),
the world's largest industrial auctioneer, attracted equipment buyers from
dozens of countries to its auctions around the world last week, including a
(euro)36 million (US$50 million) auction in Moerdijk, the Netherlands (June 17
- 19, 2009) and a US$27 million auction in Olympia, Washington (June 17 & 18).
MOERDIJK, THE NETHERLANDS - More than 1,200 people from 60 countries
registered to bid in person or online at the unreserved public auction
conducted by Ritchie Bros. at its permanent auction site in Moerdijk from June
17 - 19. Ritchie Bros. sold more than 3,600 items over three days, generating
gross auction proceeds of almost (euro)36 million (more than US$50 million).
Buyers from Europe, the Middle East, Africa, Asia, Australia and North America
purchased equipment in the auction.
"Our June auction is typically our smallest one in Moerdijk because
Europe is entering the summer holiday season - but not this year," said Brian
Butzelaar, Ritchie Bros. Divisional Manager. "We had a huge selection of
equipment and trucks in the auction, including a significant amount from
various rental companies that are rightsizing their fleets in response to the
market downturn. There is no shortage of good used equipment for people to
choose from in Europe right now. They pass by other choices and come to
Ritchie Bros. because our unreserved auctions are fair and offer such a large,
diverse selection of equipment at prices the bidders determine."
Among the equipment sold in Moerdijk: close to 140 wheel loaders, 150
hydraulic excavators, 180 scissorlifts, 140 4WD agricultural tractors, 80
dumpers, 50 skid steer loaders - and more. Prices were particularly strong for
road building equipment.
OLYMPIA, WASHINGTON - More than 3,000 people from 23 countries, including
46 U.S. states, registered to bid in person or online on more than 2,500
equipment items being sold by Ritchie Bros. at its permanent auction site in
Olympia, Washington on June 17 & 18. The unreserved public auction generated
almost US$27 million in gross auction proceeds. Almost a third of the bidders
participated online in real time; online bidders bought almost US$6 million of
equipment. Out-of-state buyers purchased more than US$16 million of equipment,
including more than US$4 million of equipment purchased by out-of-country
buyers from as far away as Japan, Saudi Arabia and Australia.
"The auction was a success in many respects," said Rob Giroux, Ritchie
Bros. Regional Manager. "We had one of the largest and best lineups of
equipment we've ever sold in Olympia and huge numbers bidding at the site and
online, and that helped us deliver strong returns for local equipment sellers.
There's less work and more competition right now, so a lot of people have idle
equipment to sell. They need our services more than ever because we can help
them reach the global market and get the best returns on that equipment."
ST. LOUIS, MISSOURI - Last week, Ritchie Bros. closed on the purchase of
approximately 65 acres of land near St. Louis, Missouri on which it intends to
construct a permanent auction site. The Company has been conducting regular
auctions on temporary sites in that area since 2004.
There are 61 unreserved Ritchie Bros. auctions on the auction calendar at
www.rbauction.com, including the Grand Opening auction at the Company's new
agricultural auction site in London, Ontario on June 24, 2009.
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
Investors and potential investors should note that this information may
not be indicative of the overall financial performance of the Company for this
or any period.
For further information:
For further information: Kim Schulz, Manager, Corporate Communications,
Ritchie Bros. Auctioneers, Mobile: (604) 788-5379, or email:
firstname.lastname@example.org; Or Brian Butzelaar, Divisional Manager, Ritchie Bros.
Auctioneers, Moerdijk auction site tel: +31.168.392.200; Or Rob Giroux,
Regional Manager, Ritchie Bros. Auctioneers, Olympia auction site tel: (360)