Media Advisory - New luxury Parksville condos will sell to highest bidders at Vancouver auction



    Auction to be conducted in Richmond, BC and simulcast live in Parksville,
    BC and Calgary, AB

    PARKSVILLE, BC, June 20 /CNW/ - On Saturday, June 21, 2008, five brand
new luxury condominiums in Parksville, BC will be sold to the highest bidders
- regardless of price - at an unreserved auction in Richmond (Greater
Vancouver), BC. The auction will be simulcast in Parksville and Calgary, AB.
The condos are the last five remaining new units in the Onyx at Craig Bay.
Ritchie Bros. Auctioneers (NYSE and TSX: RBA) will conduct the unreserved
auction at the River Rock Casino Resort in Richmond. Media are invited to
attend the auction at the River Rock as well as the two live auction
simulcasts taking place at the Tigh-Na-Mara Resort in Parksville and the
Deerfoot Inn in Calgary.
    Interested buyers can bid in person at any of these three locations or
live and in real time over the internet. The auction will be completely
unreserved, with no minimum bids or reserve prices. Every condo will be sold
to the highest bidder on Saturday, regardless of price. One hour prior to the
auction, Ritchie Bros. will hold free auction-buying seminars for registered
bidders at all three bidding locations (the River Rock Casino Resort, the
Tigh-Na-Mara Resort and the Deerfoot Inn).

    
    WHO     Vancouver-based Ritchie Bros. Auctioneers (www.rbauction.com)

    WHAT    An unreserved real estate auction: five brand new luxury
            condominiums in the Onyx at Craig Bay (Parksville, BC) will be
            sold to the highest bidders on auction day, regardless of price

    WHEN    Saturday, June 21, 2008
            -  Registration starts: 11:00 am River Rock Casino/Tigh-Na-Mara
               Resort (12 noon Deerfoot Inn)
            -  Auction-buying seminars: 12:00 pm River Rock Casino/Tigh-Na-
               Mara Resort (1:00 pm Deerfoot Inn)
            -  Auction start time: 1:00 pm River Rock Casino/Tigh-Na-Mara
               Resort (2:00 pm Deerfoot Inn)

    WHERE   -  Auction: Thompson Room, River Rock Casino Resort Conference
               Centre - behind the main hotel building (8811 River Road,
               Richmond, BC)
            -  Live auction simulcast: the Tigh-Na-Mara Seaside Spa Resort
               (1155 Resort Drive, Parksville, BC)
            -  Live auction simulcast: the Deerfoot Inn & Casino (1000,
               11500 - 35 Street SE, Calgary, AB)
    

    For more information about the properties or the auction, visit the
Ritchie Bros. web site at www.rbauction.com/property/2008198_vancouver_bc.

    About Ritchie Bros.

    Established in 1958, Ritchie Bros. is the world's largest auctioneer of
industrial equipment, operating through over 110 locations in more than 25
countries around the world. The Company 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, material handling, mining, forestry, petroleum, marine, real
estate, and agricultural industries. The Company maintains a web site at
www.rbauction.com.





For further information:

For further information: Kieran Holm, Regional Manager - Real Estate
Auction Division, Ritchie Bros. Auctioneers, Cell: (817) 372-7219; Or Kim
Schulz, Corporate Communications Manager, Ritchie Bros. Auctioneers, Cell:
(604) 788-5379 or email kschulz@rbauction.com


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