Thousands of bidders participate in Ritchie Bros. Fort Worth unreserved auction



    Thirty concrete pump trucks sold to buyers around the world

    FORT WORTH, TX, May 11 /CNW/ - Ritchie Bros. Auctioneers (NYSE and TSX:
RBA), the world's largest industrial auctioneer, conducted six unreserved
industrial and agricultural auctions last week including a US$40 million
unreserved auction on May 6-8, 2009 at its permanent auction site in Fort
Worth, Texas. There were close to 3,000 unique registered bidders taking part
in the auction, including over 1,100 online bidders who purchased US$12
million of the total gross auction proceeds. More than 2,500 lots were sold
over the three days to bidders participating from 34 countries around the
world, and from 49 US states and all 10 Canadian provinces.
    "We sold a great selection of large, late-model equipment at the auction,
as well as a large number of concrete pump trucks," said Kieran Holm, Ritchie
Bros. Area Manager. "We are selling 160 of these concrete pump trucks
(previous assets of Pumpco Inc.) at five of our auctions throughout May and
June and were pleased to see the international bidding taking part both at the
site and over the internet. People were bidding on the pump trucks from all
over the United States, and from Canada, Israel, the UAE and Saudi Arabia.
Sixty percent of the equipment in the auction (based on gross auction
proceeds) was sold to buyers from outside the state of Texas."
    Smith Construction of Copperas Cove, Texas consigned 12 pieces of
equipment from their equipment fleet of over 50 items. David Smith, company
founder, said he sold well-maintained equipment, including rollers, truck
tractors, motor scrapers and a motor grader in the Fort Worth auction.
    "This was my second time selling equipment with Ritchie Bros. and it went
really well," said Mr. Smith, who used to sell his equipment by putting a "for
sale" sign on an item in his equipment yard. "I was happy with the prices we
got. They were more than what I expected and more than I could have received
by trying to sell the equipment myself. I'm not in the business of selling
equipment, that's why I turned to Ritchie Bros. The hassles and aggravation
and time spent trying to sell equipment myself is just not worth it and it can
take months compared to a three-day Ritchie Bros. auction."
    There are 86 unreserved public auctions currently on the Ritchie Bros.
auction calendar, including next week's auctions: Chicago, IL (May 13, 2009);
Montreal, QC (May 14-15, 2009); Sacramento, CA (May 14, 2009); and Pittsburgh,
PA (May 14, 2009).

    
    More concrete pump trucks will be sold at four upcoming auctions:

    Orlando, Florida
    ----------------
    -   29 Concrete Pump Trucks
    -   Time and Date: May 27-29, 2009
    -   Auction Site Location: Corner I-4 & US Hwy 27 (700 Ritchie Road),
        Davenport, FL 33897
    -   Sale Site Tel: +1.863.420.9919

    Nashville, Tennessee
    --------------------
    -   26 Concrete Pump Trucks
    -   Time and Date: June 9, 2009 (Tues); auction starts at 8:00 a.m.
    -   Auction Site Location: 748 Leeville Rd., Lebanon, TN 37090
    -   Sale Site Tel: +1.615.453.4549

    Houston, Texas
    --------------
    -   47 Concrete Pump Trucks
    -   Time and Date: June 10-12, 2009
    -   Auction Site Location: 15500 Eastex Freeway, Humble, TX 77396
    -   Sale Site Tel: +1.713.455.5200

    Atlanta, Georgia
    ----------------
    -   29 Concrete Pump Trucks
    -   Time and Date: June 18-19, 2009
    -   Auction Site Location: 4170 Hwy 154, Newnan, GA 30265
    -   Sale Site Tel: +1.770.304.3355

    Please visit www.rbauction.com for more details.
    

    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.

    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: Kim Schulz, Corporate Communications Manager,
Ritchie Bros. Auctioneers, Mobile: (604) 788-5379, or email:
kschulz@rbauction.com; Kieran Holm, Area Manager, Ritchie Bros. Auctioneers,
Fort Worth Sale Site, Tel: (817) 237-6544


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