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Dutch Equipment Auction Nets $20 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 over US$31 million.

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 sale is the ninth Ritchie Bros. sale in 2005 generating US$20 million or more in gross auction sales.

The company’s June 30 sale in Tampa, Florida will sell dredging equipment owned by Hendry Corporation. Information is available online at www.rbauction.com

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