RITCHIE BROS AUCTIONEERS
SymbolRBA

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Cranes and a half-million-dollar lowboy the highlights of Ritchie Bros. Houston and Moncofa, Spain auctions

2009-11-23 07:00 ET - News Release

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    Busy auction week also includes first auction in Turkey and start of two
    new auction sites
    >>

VANCOUVER, Nov. 23 /CNW/ - Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world's largest industrial auctioneer, conducted seven unreserved public auctions in five countries last week, including a US$45 million auction in Houston, Texas (November 17 - 19, 2009); a 14 million Euro (US$21 million) auction in Moncofa, Spain (November 19 & 20); and successful auctions in Poland (November 17) and Istanbul (November 21) - the Company's first ever auction in Turkey. Ritchie Bros. (www.rbauction.com) sold more than 130 rough terrain, all terrain, hydraulic and other cranes in Houston and Moncofa, as well as a 315-ton lowboy, which sold in Houston for US$505,000: the most ever paid for a lowboy trailer at an unreserved Ritchie Bros. auction in North America.

HOUSTON, TEXAS - More than 3,160 people from 53 countries registered to bid in person or online in real time at the unreserved Ritchie Bros. auction in Houston on November 17 - 19, 2009. Ritchie Bros. sold more than 3,700 equipment items over three days, including more than 80 cranes and a US$505,000 lowboy, generating total gross auction proceeds in excess of US$45 million. Out-of-country bidders purchased more than US$14 million of equipment (31 percent). Online bidders purchased more than US$12 million of equipment (27 percent).

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