Ritchie Bros. Auctioneers Incorporated

Ritchie Bros. Auctioneers Incorporated

June 27, 2005 07:00 ET

Large European Auction Part of Eight-Auction Week for Ritchie Bros. Auctioneers

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 27, 2005) - Ritchie Bros. Auctioneers Incorporated (TSX:RBA)(NYSE:RBA) wrapped up a busy week June 20-25, conducting eight industrial auctions and five smaller agricultural auctions in five countries. The largest auction of the week was conducted at the Company's permanent auction site in Moerdijk (Rotterdam), the Netherlands and generated gross auction sales of more than EURO 24 million (US$29 million).

The three-day unreserved European auction, held June 21-23, drew customers from 54 countries to register and bid on over 3,400 trucks and equipment items. Customers from as far away as New Zealand, Peru, Saudi Arabia, and South Africa registered to participate in the auction. Items up for bid included over 100 excavators, over 30 wheel loaders, and over 20 agricultural tractors.

"We had another very good international representation of bidders," says Guylain Turgeon, Ritchie Bros. Senior Vice President and Managing Director, European Operations. "Our commitment to conducting only unreserved auctions, our global marketing efforts, and our selection of equipment continue to make our European auctions attractive to buyers around the world."

Other auctions in the week included Phoenix, AZ; Albuquerque, NM; Brisbane and Melbourne, AUS; Olympia, WA; Atlanta, GA; and Livorno, Italy as well as five smaller agricultural auctions in Canada across Alberta, Saskatchewan and Manitoba.

Ritchie Bros. currently has 46 upcoming auctions scheduled in the coming months. Full equipment listings and auction details can be found at the Company's web site, 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 equipment including equipment utilized in the construction, transportation, material handling, mining, forestry, petroleum, marine, real estate, and agricultural industries. The Company maintains a web site 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.

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