VANCOUVER, Oct. 1 /CNW/ - Ritchie Bros. Auctioneers (NYSE and TSX: RBA),
the world's largest industrial auctioneer, conducted seven unreserved public
auctions around the world last week, including multi-million dollar three-day
auctions at its permanent auction sites in Fort Worth, Texas and Moerdijk, the
Netherlands (both held September 26, 27 & 28, 2007). The US$37 million Fort
Worth auction featured a record number of lots for that site and attracted
bidders from 42 countries. The (euro)33 million (US$48 million) Moerdijk
auction attracted bidders from 66 countries.
FORT WORTH, TEXAS - A record number of auction lots attracted an
international bidding audience to the unreserved industrial auction conducted
by Ritchie Bros. at its Fort Worth site on September 26, 27 & 28, 2007. The
public auction featured almost 3,900 equipment and real estate lots from more
than 560 consignors - record numbers of lots and consignors for that site -
and generated gross auction proceeds in excess of US$37 million.
More than 2,700 people from 42 countries, including 47 U.S. states and 10
Canadian provinces and territories, registered to bid in the auction. Over
2,300 lots (representing US$21 million in gross auction proceeds) were sold to
out-of-state buyers, including almost 700 lots that went to buyers from
outside the U.S.A. Close to 900 people registered to bid over the internet,
live and in real time, using the Company's online bidding service,
rbauctionBid-Live. More than US$9 million of equipment was sold to online
"Our auctions always attract a global bidding crowd, but I don't think
I've ever seen so many countries represented," said David Hobbs, Ritchie Bros.
Division Manager. "Many of our international customers bid online, but we had
onsite bidders from as far away as Australia, Egypt and Venezuela. We had a
large selection of equipment for a range of industries in the auction, and the
global audience helped us achieve strong prices for our consignors."
The auction featured a retirement dispersal of the Tye, Texas location of
Advanced Trailer & Equipment, a nationally recognized semi trailer dealership
with locations in Texas and Georgia. The company's Tye property was sold in
the Fort Worth auction along with more than 350 trailers and equipment items.
"We are very, very happy with the results of the auction," said Randy
Hill, president and CEO of Advanced Trailer. "As a seller, I want to know that
I'm getting true market value for my property and equipment. Ritchie Bros.
attracts a global audience. Their marketing and advertising bring in the
buyers from outside the local market. If I'd used a local auction company, I
don't think I would have achieved the same results. I am very pleased with my
decision to use Ritchie Bros to retire this portion of the business. There is
great value in the ability to sell a substantial amount of assets and the real
estate associated with those assets all in one organized setting in just three
Auction highlights included a 2005 Cat 140H VHP motor grader that sold
for US$215,000; four 2007 Mack CTP713 granite T/A dump trucks that sold for
US$100,000 each; three 2007 Peterbilt 379 T/A truck tractors that sold for
over US$100,000 each; and a 2006 Peterbilt 335 T/A fuel & lube truck that sold
MOERDIJK, THE NETHERLANDS - More than 1,100 people from 66 countries
registered to bid at the unreserved industrial auction conducted by Ritchie
Bros. at its Moerdijk auction site on September 26, 27 & 28, 2007. The public
auction featured more than 3,700 lots and generated (euro)33 million (US$48
million) in gross auction proceeds. More than 2,600 lots (representing over 80
per cent of the total gross auction proceeds) were sold to buyers from outside
"People come to our large unreserved auctions from around the world
because they know they can find the right equipment for their needs - and
because they know that every item will be sold to the highest bidder on
auction day," said Ralf Harders, Ritchie Bros. Regional Manager. "Our
unreserved auctions are good for sellers too. When you have hundreds of people
from around the world bidding in a fair, competitive environment, you know
that everything is being sold for its global market value."
A live auction simulcast of the Company's multi-million pound U.K.
auction was held on Day Two of the three-day auction, enabling customers
participating in the Moerdijk auction to bid live and in person on a wide
selection of equipment being sold in the Milton Keynes auction on the same
"Our combined auction was a great success; we'll definitely do it again,"
said Mr. Harders. "Many of our U.K. customers like to bid onsite at our
Moerdijk auctions, but they didn't want to miss the Milton Keynes auction. By
combining these auctions, we were able to increase the audience of potential
bidders for our U.K. consignors, while offering interested buyers in Moerdijk
an even wider selection of equipment. Many U.K. customers inspected the
equipment at our Milton Keynes sale site, then traveled to Moerdijk to bid in
person on equipment being sold in both auctions. Almost 30 equipment items in
Milton Keynes were sold to bidders participating live in the Netherlands."
Equipment highlights in the Moerdijk auction included an unused 2007
Caterpillar 345CL demolition excavator that sold for (euro)385,000; two Demag
AC155BL 6X4X4 all terrain cranes; more than 120 wheel loaders, including a
2006 Caterpillar 980H; two unused 2007 Iveco Stralis 440S45 4X2 truck
tractors; and two unused 2007 John Deere 6620SE MFWD agricultural tractors.
The Milton Keynes auction featured more than 360 lots, including crawler
tractors, articulated dump trucks, loader backhoes, MFWD tractors, and more
than 70 excavators. More than 180 people registered to bid in the auction.
There are currently 45 industrial and 22 agricultural unreserved auctions
on the upcoming Ritchie Bros. auction calendar. Details on all upcoming
Ritchie Bros. auctions are available on www.rbauction.com.
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 website at www.rbauction.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: Vicki Cunningham, Corporate Communications
Specialist, Ritchie Bros. Auctioneers, Head Office, Tel: (604) 273-2119 or
Email: email@example.com; Or David Hobbs, Division Manager - South
Central U.S., Ritchie Bros. Auctioneers, Fort Worth Auction Site, Tel: (817)
237-6544; Or Ralf Harders, Regional Manager - Benelux/Central Europe, Ritchie
Bros. Auctioneers, Moerdijk Auction Site, Tel: +31-168-392200