Media and public invited to tour Pender Harbour properties being sold at unreserved auction

    PENDER HARBOUR, BC, Aug. 5 /CNW/ - This Saturday, August 9, 2008, media
and the public are invited to tour five Pender Harbour estate acreages on BC's
Sunshine Coast that will be sold at an upcoming unreserved auction. The five
oceanfront, ocean-view and estate properties range in size from 1.64+/- to
5.58+/- acres. They form part of Phase One of the brand new Sakinaw Ridge
subdivision, which offers paved roads, full underground services and large
estate acreages, many featuring the area's distinctive arbutus trees. The five
properties will be sold to the highest bidders - regardless of price - at an
unreserved auction being conducted by Ritchie Bros. Auctioneers (NYSE and TSX:
RBA) on September 3.
    The open house at the Pender Harbour properties takes place 11 a.m. -
1 p.m. on Saturday, August 9, 2008. Interested buyers are invited to tour the
five properties, explore the subdivision, enjoy some refreshments and get some
ideas for their dream home. The building scheme at the brand new Sakinaw Ridge
development encourages a contemporary West Coast home style featuring natural
colors, heavy wood and stone accents. Property buyers can use the builder of
their choice, but West Coast Log Homes will be on site at the open house to
showcase their designs and discuss different building schemes. The open house
is free and open to the public. Anyone wishing to attend should RSVP by
Wednesday, August 6 to
    The Pender Harbour properties will be sold at an unreserved Ritchie Bros.
auction at the River Rock Casino Resort in Richmond, BC on September 3, 2008.
The auction will be simulcast live at the Ritchie Bros. auction site in
Edmonton, Alberta. The auction will be unreserved, meaning there are no
minimum bids or reserve prices.
    For more information about the properties, the open house or the auction,
phone Ellen Engelsbel at Ritchie Bros.: +1.604.790.6678. Further details,
including virtual tours of the properties and potential building schemes, are
available on the Ritchie Bros. web site at

    WHO       Ritchie Bros. Auctioneers, in conjunction with the Sakinaw
              Ridge developer (BGD Holdings) and local homebuilder West Coast
              Log Homes

    WHAT      Open house, refreshments and tour of five Pender Harbour, BC
              estate acreages being sold at an upcoming unreserved auction

    WHEN      11 a.m. - 1 p.m. on Saturday, August 9, 2008

    WHERE     Sakinaw Ridge subdivision (off Lee Road in Pender Harbour, BC)

    RSVP      Ellen Engelsbel, Ritchie Bros. Auctioneers, at
    , by Wednesday, August 6, 2008

    About Ritchie Bros.

    Established in 1958, 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 assets, including
equipment, trucks and other assets utilized in the construction,
transportation, material handling, mining, forestry, petroleum, marine, real
estate, and agricultural industries. The Company maintains a web site at

For further information:

For further information: Kim Schulz, Corporate Communications Manager,
Ritchie Bros. Auctioneers, Cell: (604) 788-5379, or email; Or Kevin Tink, Senior Vice President, Ritchie Bros.
Auctioneers, Office: (780) 538-1100

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