Media Advisory - Ritchie Bros. to conduct Grand Opening auction at new agricultural auction site in London, Ontario

    LONDON, ON, June 22 /CNW/ - This Wednesday, June 24, 2009, Ritchie Bros.
Auctioneers (NYSE and TSX: RBA) will celebrate the official Grand Opening of
its new permanent auction site in London (Putnam), Ontario with a one-day
unreserved public auction and ribbon cutting ceremony. At 8:45 a.m., Mayor Jim
Maudsley of the Municipality of Thames Centre will cut the Grand Opening
ribbon to officially open the new site, followed by an unreserved public
auction that is expected to attract hundreds of bidders from the local area
and beyond. Ritchie Bros., the world's largest auctioneer of industrial and
agricultural equipment, was established in B.C. in 1958. The Company now has
38 auction sites around the world, including a site in Toronto, Ontario.
    "We've built our business on a commitment to fair, unreserved auctions
and doing the right thing by buyers and sellers of equipment and we're excited
to be bringing that same level of service to the Ontario farming community,"
said Brian Dykstra, Ritchie Bros. Regional Manager. "We're pleased to now have
a permanent agricultural auction site in London to serve our local and
out-of-province customers, and we're looking forward to introducing our local
team and unreserved auction process to many new Ritchie Bros. customers."
    More than 220 good quality, used agricultural equipment items and
tractors will be sold on auction day, with no minimum bids or reserve prices,
including MFWD, 2WD and 4WD tractors, combines, seeding and spraying
equipment, headers, balers and more. The auction is open to the public;
registration to bid is free.

    WHO       Ritchie Bros. Auctioneers, the world's largest auctioneer of
              industrial and agricultural equipment
              Mayor Jim Maudsley, Municipality of Thames Centre

    WHAT      Grand Opening of Ritchie Bros.' new agricultural auction site
              in London, Ontario

    WHEN      Wednesday, June 24, 2009
              8:45 a.m. ribbon cutting and speeches
              9 a.m. auction starts

    WHERE     Ritchie Bros. London auction site
              4077 Breen Road, Putnam ON
              Site phone: +1.519.425.4321

    More information about the auction can be found on the Ritchie Bros. web
    site at

    About Ritchie Bros.

    Established in 1958, Ritchie Bros. Auctioneers (NYSE and TSX: RBA) is the
world's largest industrial and agricultural 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

For further information:

For further information: Kim Schulz, Manager, Corporate Communications,
Ritchie Bros. Auctioneers, Phone (604) 304-3830 or email; Or Brian Dykstra, Regional Manager, Ritchie Bros.
Auctioneers, London auction site phone: (519) 425-4321

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