International bidders keep equipment pricing strong at Ritchie Bros. Houston auction

    HOUSTON, TX, Aug. 31 /CNW/ - More than 2,700 on-site and online bidders
from 44 countries registered to bid at the unreserved equipment auction
conducted by Ritchie Bros. Auctioneers (NYSE and TSX: RBA) in Houston, Texas
last week (August 26 & 27, 2009). Ritchie Bros., the world's largest
industrial auctioneer, sold almost 3,000 items from the construction,
transportation, pipeline and other industries over two days, generating gross
auction proceeds in excess of US$36 million.
    Bidders from outside Texas purchased more than US$20 million of equipment
(56 percent of the total). Out-of-country bidders purchased more than US$9
million (26 percent). Approximately 1,500 people registered to bid in person
at the Houston auction site; the other 1,200 registered to bid online in real
time at Online bidders purchased more than US$9 million of
equipment and trucks (25 percent of the total).
    "We had another excellent sale at our new permanent auction site in
Houston," said Alan McVicker, Ritchie Bros. Regional Manager. "The large
selection of good quality equipment and trucks - and the knowledge that every
item would be sold to the highest bidder on auction day in a fair, transparent
manner - attracted thousands of bidders to Houston. There is so much doom and
gloom out there but, thanks to the participation of a large global bidding
audience, prices were strong across the board at our Houston auction. Pipeline
equipment and cranes sold particularly well."
    Among the equipment sold at the Houston auction: 30 cranes, over 30
crawler pipelayers, almost 50 wheel loaders, over 80 crawler tractors, over 70
hydraulic excavators, more than 60 loader backhoes, over 70 skid steer loaders
and over 120 truck tractors.
    Ritchie Bros. will conduct the next unreserved public auction at its
Houston auction site from November 17-19, 2009. There are 62 other unreserved
Ritchie Bros. auctions on the upcoming auction calendar at

    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 and sponsors an equipment wiki at

    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: Vicki Cunningham, Corporate Communications
Specialist, Ritchie Bros. Auctioneers, Mobile: (778) 331-5464 or email; Or Alan McVicker, Regional Manager, Ritchie Bros.
Auctioneers, Houston auction site tel: (713) 455-5200

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