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Dutch Equipment Auction Grosses $31 Million

More than 1,000 bidders registered to participate in Ritchie Bros. Auctioneers (TSX:RBA)(NYSE:RBA) Moerdijk (Rotterdam), The Netherlands unreserved auction on April 26 through 28, generating gross auction sales of more than US$31 million.

Ritchie Bros. is headquartered in Vancouver, British Columbia, Canada.

The location's 25th sale drew bidders from 64 countries to compete for 3,137 trucks and items of industrial equipment, including 125 excavators, 122 wheel loaders, and 48 truck tractors. The bidders included 125 people who registered to bid remotely using the Ritchie Bros. online bidding service, rbauctionBid-Live, which allows users to participate in the company's unreserved auctions from anywhere in the world.

"The strong selection of late model equipment attracted plenty of bidders from all around the globe," said Guylain Turgeon, Ritchie Bros. Senior Vice President and Managing Director, European Operations. "Our extensive worldwide marketing efforts combined with our commitment to conducting only unreserved auctions continue to be a successful formula here in Europe."

The Moerdijk sale featured a strong multinational contingent, attracting registered bidders from countries such as the Czech Republic, Greece, Oman, and Sweden.

Last week's sale marks the ninth Ritchie Bros. sale in 2005 that has generated US$20 million or more in gross auction sales. The company's auction calendar includes 36 industrial equipment auctions and 15 farm and agricultural equipment auctions over the next few months.

A June 30 sale in Tampa, Florida will sell dredging equipment owned by Hendry Corporation. Information is available online at

Ritchie Bros. is the world's largest auctioneer of industrial equipment, operating in 110 locations in more than 25 countries around the world. The company sells, through unreserved public auctions, a broad range of used and new industrial equipment including construction, transportation, material handling, mining, forestry, petroleum, marine, real estate, and agricultural equipment.

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