Nicola Valley home sites to sell with no minimum bids at Ritchie Bros. auction



    MERRITT, BC, May 26 /CNW/ - This Saturday, May 30, 2009, 12
fully-serviced, undeveloped home sites in B.C.'s Nicola Valley will sell to
the highest bidders - regardless of price - at an unreserved auction conducted
by Ritchie Bros. Auctioneers (NYSE and TSX: RBA). Five of the home sites are
situated in the Nicola Lakeshores Estates just minutes outside Merritt, with
views or frontage along the pristine Nicola Lake. The other seven home sites
are located in the Merritt Plateau overlooking the picturesque valley. All 12
home sites will be sold this Saturday, with no minimum bids or reserve prices.
Interested buyers can bid in person at an unreserved public auction in
Vancouver, B.C., in person during a live auction simulcast in Merritt, online
in real time, or by proxy.
    "When you buy property at an unreserved auction, you know you're paying
fair market value because the seller doesn't set the price, the bidders do,"
said Ellen Engelsbel of Ritchie Bros. "We're selling a large selection of
prime recreational and residential properties at our May 30 auction, with no
minimum bids or reserve prices. This is an exceptional opportunity for wise
investors. If you can't make it to the auction to bid in person, you can bid
online or by proxy. Potential buyers can find all the information they need on
our web site at www.rbauction.com."

    
    PROPERTY BEING SOLD IN THE MAY 30 AUCTION:
    -   Five fully serviced home sites in the Nicola Lakeshore Estates,
        Merritt, B.C.
    -   Seven fully serviced home sites in the Merritt Plateau
    -   Four fractional ownership shares in the Bighorn Meadows Resort,
        Radium Hot Springs, B.C.
    -   An ocean-view luxury condominium in the Onyx at Craig Bay in
        Parksville, B.C.

    AUCTION DETAILS:
    -   Location: the Grand Villa Hotel, 4331 Dominion Street, Burnaby (off
        Hwy One at the Willingdon exit)
    -   Date: Saturday, May 30, 2009
    -   Registration starts at 9 a.m.
    -   "How to Bid" seminar at 10 a.m.
    -   Auction at 11 a.m.

    HOW TO BID:
    -   In person at the Grand Villa Hotel in Burnaby
    -   In person during a live auction simulcast at the Florentine in
        Merritt (4100 Belshaw Street)
    -   In real time over the internet (register well in advance at
        www.rbauction.com/onlinebidding)
    -   By proxy: fill out and fax a proxy bid form by 5 p.m. on Thursday,
        May 28 and Ritchie Bros. will bid on your behalf, up to and including
        the amount you specify

    MORE INFORMATION AND PROXY BID FORMS:
        Online: www.rbauction.com/property/2009310_vancouver_bc/index.jsp
        By phone: Ellen Engelsbel at 604.273.2135.

    PHOTOS of the properties are available to use with your articles 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 Auction
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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