Podolinsky Equipment to host unreserved Ritchie Bros. agricultural auction in Petrolia, ON

    PETROLIA, ON, Nov. 5 /CNW/ - On December 14, 2007, Ritchie Bros.
Auctioneers will conduct an unreserved agricultural equipment auction at
Podolinsky Equipment Ltd., a John Deere dealership located in Petrolia,
Ontario. Ritchie Bros., the world's largest auctioneer of industrial
equipment, conducts five regular auctions each year at its permanent auction
site in Bolton, Ontario, in addition to many offsite sales, but this will be
the Company's first auction in Petrolia. Although sale day is still five weeks
away, the auction already features more than 100 equipment items, including
late model MWFD and 2WD tractors, headers, balers, mowers and seeding
equipment from John Deere and other manufacturers. The public auction will be
completely unreserved, meaning there are no minimum bids and no reserve
prices; every item sells to the highest bidder on auction day, regardless of
    "We decided to conduct an unreserved auction in Petrolia to better serve
our agricultural customers in this region, and the Podolinsky Equipment
facility was the perfect location," said Brian Dykstra, Ritchie Bros. Area
Manager. "We're conducting this auction in conjunction with their John Deere
sales event, but we'll be selling a broad array of equipment from other
manufacturers as well, including Case, New Holland and Massey Ferguson."
    Established in 1964, Petrolia-based Podolinsky Equipment is a
family-owned business that sells and services agricultural equipment, ATVs,
snowmobiles and golf course maintenance equipment.
    "We're looking forward to hosting this auction and giving our customers a
chance to buy used equipment at fair market value," said Rick Podolinsky,
manager of Podolinsky Equipment. "Selling unreserved is the only way to
conduct an auction. You're not tying up a buyer's time. That's what I like
about Ritchie Bros."
    The unreserved public auction takes place on Friday, December 14, 2007 at
the Podolinsky Equipment store in Petrolia, Ontario (6057 Petrolia Line). The
auction currently features equipment from five consignors, but additional
items will be added to the auction right up until sale day. To discuss selling
surplus equipment in the December 14 Petrolia auction, contact Ritchie Bros.
at 905-857-2422.
    Interested buyers can find more information about the auction, including
photos of equipment being sold, on the Ritchie Bros. web site at
www.rbauction.com, or they can visit the Petrolia auction site in person. The
site opens daily at 8 a.m. to allow interested bidders to inspect and test the
equipment before the auction.
    Registration to bid in the auction is free. Interested bidders who are
unable to attend the Petrolia auction in person can register to bid online,
live and in real time, using the Ritchie Bros. internet bidding service,
rbauctionBid-Live. Internet bidders must register online before auction day at
www.rbauction.com (at least 2-3 business days is recommended for first-time

    About Ritchie Bros.

    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 www.rbauction.com.

For further information:

For further information: about the auction contact Kim Schulz, Corporate
Communications Manager, Ritchie Bros. Auctioneers, Head Office Tel: (604)
304-3830 or 1-800-663-8457 or email kschulz@rbauction.com Or Brian Dykstra,
Area Manager, Ritchie Bros. Auctioneers, Sale Site Tel: (905) 857-2422

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