Luxury Vancouver Island condos to be sold without reserves at Ritchie Bros. auctions



    PARKSVILLE, BC, April 14 /CNW/ - Two luxury Vancouver Island condos will
be sold without minimum bids or reserve prices at upcoming auctions being
conducted by Ritchie Bros. Auctioneers (NYSE and TSX: RBA) - and this weekend,
interested buyers can inspect both properties for themselves. A 1,211+/- sq
ft, two-bedroom penthouse suite with ocean and mountain views in the
Trumpeter's Landing development in Courtenay will be sold at an unreserved
auction in Edmonton on April 29, 2009; it can be inspected on Saturday, April
18 from 1 - 4 p.m. A 1,095+/- sq ft, one-bedroom ocean-view condo in the Onyx
at Craig Bay in Parksville will be sold at an unreserved auction in Vancouver
on May 30; it can be inspected on Sunday, April 19 from 1 - 4 p.m. Interested
buyers that are unable to attend the auctions in person can bid in real time
over the internet or by proxy.
    "My advice for anyone interested in ocean-front Vancouver Island
property: inspect these condos and register to bid," said Ellen Engelsbel of
Ritchie Bros. "This is a rare opportunity to obtain a luxury residential or
recreational condo in move-in condition at the price you're willing to pay.
Don't miss out - register to bid at our upcoming auctions because both
properties will be sold on auction day, with no minimum bids or reserve
prices."

    
    COURTENAY CONDO DETAILS
    -   Trumpeter's Landing penthouse suite with ocean and mountain views
    -   145 - 2300 Mansfield Drive, Courtenay B.C.
    -   Two bedrooms, two bathrooms
    -   1,211+/- sq ft
    -   Two balconies, underground parking, fully furnished

    Courtenay condo open house:
    -   Saturday, April 18, 2009, 1 - 4 p.m.

    Courtenay condo auction:
    -   Auction location: Ritchie Bros.' Edmonton auction site
        (1500 Sparrow Drive, Nisku AB). Site phone: 1.780.955.2486
    -   Wednesday, April 29, 2009

    How to bid:
    -   In person at the Edmonton auction site
    -   Online in real time - register online at least one week in advance at
        www.rbauction.com/onlinebidding
    -   By proxy

    More information:
        http://www.rbauction.com/property/2009147_edmonton_ab/index.jsp or
        Ellen Engelsbel, Ritchie Bros. Auctioneers: 604.273.2135.

    PARKSVILLE CONDO DETAILS
    -   Ocean-view luxury condominium in the Onyx at Craig Bay (built 2007)
    -   106 - 1325 Cape Cod Drive, Craig Bay B.C.
    -   One bedroom plus den, two bathrooms
    -   1,095+/- sq ft
    -   Underground parking

    Parksville condo open house:
    -   Sunday, April 19, 1 - 4 p.m.

    Parksville condo auction:
    -   Auction location: Grand Villa Hotel (4331 Dominion Street, Burnaby -
        alongside Highway 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
    -   Online in real time - register online at least one week in advance at
        www.rbauction.com/onlinebidding
    -   By proxy

    More information:
        www.rbauction.com/property/2009310_vancouver_bc/index.jsp or Ellen
        Engelsbel, Ritchie Bros. Auctioneers: 604.273.2135.

    PHOTOS of the properties to use with your articles are available 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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