Media Advisory - Ritchie Bros. to sell prime B.C. real estate as part of
large unreserved equipment and real estate auction in Chilliwack

Multiple residential, recreational and commercial properties to be sold at public auction to the highest bidders, regardless of price

CHILLIWACK, BC, May 12 /CNW/ - On May 19, 2010, a number of B.C. residential, recreational and commercial properties will be sold to the highest bidders-regardless of price-as part of a public unreserved industrial auction being conducted by Ritchie Bros. Auctioneers (NYSE and TSX: RBA) at its permanent auction site in Chilliwack (Vancouver), B.C. The properties, along with equipment items, will be sold to the highest bidders on auction day - regardless of price-with no minimum bids or reserve prices.

Prime B.C. real estate to be sold on May 19 includes 400+/- acres in the Thompson Okanagan with a golf course, RV park and zoning potential; two villas in Qualicum Beach; and private waterfront and water-view home sites on Vancouver Island and the Sunshine Coast. For more information about the properties visit http://www.rbauction.com/web/rba/bcproperties.

Interested real estate buyers can bid in person at the Company's Chilliwack auction site on auction day, bid live and online at rbauction.com, place a proxy bid by calling the auction site ahead of time, or even bid live at an auction simulcast taking place in Courtenay, B.C.

In addition to the real estate, the auction also features more than 1,150 equipment items, including a large selection of transportation and construction equipment. Equipment highlights include hydraulic excavators, wheel loaders, articulated dump trucks, crawler tractors, agricultural tractors, trucks and recreation vehicles.

Smaller items and consumer goods will be sold at the auction through the Company's new Timed Auction system. Bids can be placed (starting on Monday, May 17) on the Timed Auction lots online at rbauction.com, through internet kiosks at the auction site or by proxy. Onsite bidders can also place bids with their smartphones at mobile.rbauction.com.

    
    WHO:    Ritchie Bros. Auctioneers, the world's largest industrial
            auctioneer

    WHAT:   Multi-million dollar unreserved public real estate and equipment
            auction

    WHEN:   Timed Auction: Monday, May 17, starting at 8 a.m.
            Live auction: Wednesday, May 19, starting at 8 a.m.
            Real estate will be sold during the live auction, starting at
            approximately 1 p.m.

    WHERE:  Auction location: Ritchie Bros. Auctioneers' Chilliwack
            (Vancouver) permanent auction site
            42275 Industrial Way, Chilliwack, B.C.
            Auction Site Tel: +1.604.823.2700 or toll free +1.888.823.2702

            Simulcast location: Crown Isle Resort & Golf Course
            399 Clubhouse Drive, Courtenay, B.C.
    

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 41 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.

ATTENTION MEDIA: Photos and other media resources are available for use at http://www.rbauction.com/media

Members of the public and the media can follow us on Twitter @RitchieBros

SOURCE Ritchie Bros. Auctioneers

For further information: For further information: Kim Schulz, Manager, Corporate Communications, Ritchie Bros. Auctioneers, Office: (778) 331-5442, mobile: (604) 788-5379 or email kschulz@rbauction.com; Or Adam Pruss, Area Manager, Ritchie Bros. Auctioneers, Office: (604) 823-2700; Or Ellen Engelsbel, Manager, Real Estate Auction Services, Ritchie Bros. Auctioneers, Office: (778) 331-5427


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