Record crowds attend Grande Prairie's combined agricultural and
GRANDE PRAIRIE, AB, April 23 /CNW/ - Ritchie Bros. Auctioneers
(TSX:RBA)(NYSE: RBA), the world's largest auctioneer of industrial and
agricultural equipment, announces the results of its large Grande Prairie,
Alberta auction held April 18 and 19, 2007. A record 4,300 registered bidders
from 15 countries attended the unreserved auction. They came from all 10
Canadian provinces and two territories, as well as 31 U.S. states, generating
over CA$26 million (US$23 million) in gross auction sales. The previous
registered bidder record for the site was 2,300 people.
"We usually hold separate agricultural and industrial auctions in Grande
Prairie in the spring," says Ritchie Bros. Regional Manager Brian Podruzny.
"We decided that instead of holding separate sales, we would combine them -
which both buyers and sellers seemed to appreciate at the auction last week."
More than 2,200 lots were sold over the two-day auction, with the first
day concentrating on trucks and industrial equipment. The Company sold
agricultural equipment and land on the second day of the sale.
More than 650 of the bidders registered to use Company's real-time
bidding service, rbauctionBid-Live. More than CA$4 million (US$3.5 million)
worth of trucks and equipment was purchased online at the auction.
Doug Gordon, president of Peace Country Oilfield Contracting Ltd., has
bought and sold equipment with Ritchie Bros. for more than 20 years. His
company typically sells equipment when they have finished a project. Mr.
Gordon was impressed with the crowds at last week's sales:
"It was a bigger auction with Ritchie Bros. combining their industrial
and agricultural auction sales," he said. "More people from different
industries attended the auction and therefore, there was more cross-industry
shopping going on. As a consignor in the sale, my equipment was sold in front
of a bigger crowd, which can only be good."
There are currently 45 unreserved industrial auctions and over 65
unreserved agricultural auctions on the upcoming Ritchie Bros. auction
calendar. Details on all upcoming Ritchie Bros. auctions are available on
About Ritchie Bros.
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 equipment including equipment and other assets
utilized in the construction, transportation, material handling, mining,
forestry, petroleum, marine, real estate, and agricultural industries. The
Company maintains a website at www.rbauction.com.
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: Ritchie Bros. Auctioneers, Kim Schulz,
Corporate Communications Manager, 1-800-663-8457 or (604) 273-7564, Email:
email@example.com, Website: www.rbauction.com