Media Advisory - Ritchie Bros. to conduct back-to-back industrial equipment auctions in Surrey and Langley



    VANCOUVER, March 11 /CNW/ - Vancouver-based Ritchie Bros. Auctioneers
(NYSE and TSX: RBA), the world's largest industrial auctioneer, will conduct
back-to-back unreserved public auctions in Surrey and Langley this week. On
Thursday, March 13, Ritchie Bros. will sell almost 1,600 used and unused
transportation, construction and other industrial equipment items during an
unreserved public auction at its permanent auction site in Surrey. Among the
equipment being sold to the highest bidders on auction day: almost 100 truck
tractors, including a 2008 Peterbilt 386 T/A; 10 dump trucks, including three
2006 Kenworth T800B T/A; and a large selection of wheel loaders, articulated
dump trucks, crawler tractors and hydraulic excavators.
    On Friday, March 14, Ritchie Bros. will conduct an unreserved public
auction at the Used Equipment branch of Leavitt Machinery in Langley, selling
more than 100 equipment items, including forklifts, electric forklifts, rough
terrain forklifts, scissorlifts, boom lifts and telescopic forklifts. Both
auctions will be unreserved, meaning there are no minimum bids or reserve
prices. Every item will be sold to the highest bidder on auction day. The
auctions are open to the public. Registration is free.

    
    WHO    Ritchie Bros. Auctioneers, the world's largest industrial
           auctioneer, will sell transportation, construction, material
           handling and other equipment for Leavitt Machinery and other
           owners

    WHAT   Two unreserved public auctions in Surrey and Langley

    WHEN   Surrey auction: Thursday, March 13, 2008 - 8 a.m.

    WHERE  Surrey auction: Ritchie Bros. auction site (12021 Musqueam Drive,
           Surrey, BC V3V 3T2)

    WHEN   Langley auction: Friday, March 14, 2008 - 10 a.m.

    WHERE  Langley auction: Leavitt Machinery (24389 Fraser Highway, Langley,
           BC V2Z 2L3)

    HOW    A Ritchie Bros. unreserved auction is a fast-paced, exciting
           event. Mobile equipment moves over a ramp in front of the seated
           crowd while interested buyers competitively bid on the items. Bids
           are also placed over the internet using the Ritchie Bros. real-
           time internet bidding service, rbauctionBid-Live. Every Ritchie
           Bros. auction is completely unreserved, meaning there are no
           minimum bids and no reserve prices - every item is sold to the
           highest bidder on auction day, regardless of price.
    

    For more information about the auctions, including details and photos of
equipment being sold, visit the Ritchie Bros. web site at www.rbauction.com.

    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: Kim Schulz, Corporate Communications Manager,
Ritchie Bros. Auctioneers, Mob: (604) 788-5379 or email kschulz@rbauction.com;
Or Jake Lawson, Regional Manager, Ritchie Bros. Auctioneers, Surrey auction
site tel: (604) 580-0166


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