MOERDIJK, The Netherlands, April 30 /CNW/ - Ritchie Bros. Auctioneers
(TSX:RBA)(NYSE: RBA), the world's largest auctioneer of trucks and industrial
equipment, announces the results of its large Moerdijk, the Netherlands
auction held April 25-27, 2007. More than 750 registered bidders from 56
countries, 12 U.S. states and five Canadian provinces attended the unreserved
auction at the Company's permanent auction site in the port of Moerdijk, the
Netherlands. The three-day auction generated more than EUR 17 million
(US$24 million) in gross auction sales.
"We had more than 3,000 lots in last week's sale, including many unused
items," said Ralf Harders, Ritchie Bros. Regional Manager. "The equipment came
from Asia and all over Europe, and after the auction, the buyers transported
their newly purchased items to locations all around the world. An 80-ton Grove
all terrain crane from Portugal was sold to Belgium. A 2006 Caterpillar 980H
wheel loader from Norway was sold to a buyer from Australia. More than 80 per
cent of the equipment left the Netherlands after the auction."
More than 140 of the bidders registered to use the Company's real-time
bidding service, rbauctionBid-Live, and purchased more than EUR 1 million
(more than US$1.5 million) worth of trucks and equipment online during the
While the Moerdijk auction was being conducted, the Company also held a
charity auction at Bauma, the world's largest exhibition for the construction
and mining industries, in Munich, Germany. On April 27, Ritchie Bros.
conducted a live auction at Bauma of a special edition 2007 Gehl SL4240 skid
steer loader, generously donated by Gehl Europe GmbH. Bidders in Moerdijk, at
Bauma and online were able to simultaneously participate in the charity
auction. The skid steer loader was sold to a buyer at the Bauma trade show in
Munich for EUR 33,000 (US$44,000), with proceeds of the sale going to a number
of European charities.
"That was definitely one highlight of our week," said Mr. Harders. "We
had between 450 and 500 people participating in the live auction at Bauma, and
they loved it. The atmosphere was great."
There are currently 47 unreserved industrial auctions and 45 unreserved
agricultural 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: Ritchie Bros. Auctioneers, Kim Schulz,
Corporate Communications Manager, (604) 273-7564, Email:
email@example.com; or Ritchie Bros. Auctioneers, Ralf Harders, Regional
Manager, +31.168.392200, Website: www.rbauction.com