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

    LONDON, ON, June 2 /CNW/ - On June 24, 2009, Ritchie Bros. Auctioneers
(NYSE and TSX: RBA) will celebrate the official Grand Opening of its new
permanent auction site in London, Ontario with a one-day unreserved public
auction and pre-auction breakfast. Registered bidders and local dignitaries
will join Ritchie Bros. representatives for breakfast at the auction site on
June 24. 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. The
unreserved public auction commences at 9 a.m. A large selection of good
quality, used agricultural equipment and tractors will be sold on auction day,
with no minimum bids or reserve prices. Ritchie Bros. (www.rbauction.com), 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."
    Among the equipment being sold in the June 24 Grand Opening auction:
MFWD, 2WD and 4WD tractors, combines, seeding and spraying equipment, headers,
balers and more. Equipment is still being added to the auction. Interested
sellers can contact the London auction site at 519.425.4321 to discuss their
    Like every Ritchie Bros. auction, the London Grand Opening auction will
be strictly unreserved, with no minimum bids or reserve prices; every item
will be sold to the highest bidder on auction day. The auction is open to the
public; registration to bid is free. Interested buyers can bid in person,
online in real time or by proxy.


    LOCATION     Ritchie Bros. London auction site
                 (4077 Breen Road, Putnam ON)

    DATE         Wednesday, June 24, 2009

    TIME         7 a.m. breakfast at the site
                 8:45 a.m. ribbon-cutting and speeches
                 9 a.m. auction starts

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

    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 www.rbauction.com and sponsors an equipment
wiki at www.RitchieWiki.com.

For further information:

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

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