Ritchie Bros. Auctioneers Incorporated

Ritchie Bros. Auctioneers Incorporated

July 13, 2005 03:00 ET

Media Release: Ritchie Bros. Auctioneers Prepares for its Second-Ever African Auction

JOHANNESBURG, SOUTH AFRICA--(CCNMatthews - July 13, 2005) - Ritchie Bros. Auctioneers Incorporated (TSX:RBA)(NYSE:RBA), the world's largest industrial auctioneer, is preparing to host hundreds of bidders from countries around the world at the company's second-ever South African auction, to be held in Boksburg, near Johannesburg on Tuesday, July 19th, 2005.

"This will be a truly international event," said Stephen Branch, Ritchie Bros. Division Manager for the Middle East and Southern Africa. "The equipment we have listed is applicable to many sectors. We're expecting bidders from North America, the Middle East, Australia, and Europe to attend," he said.

In total, several hundred trucks and equipment items - including crawler tractors, truck tractors, hydraulic excavators, motor graders, and even 39 Volvo articulated dump trucks - will be sold completely unreserved to the highest bidder, without minimum bids or reserve prices.

The sale will be available online to bidders from anywhere the world using Ritchie Bros.' popular internet bidding service, rbauctionBid-Live.

The event will be open to the media and the public. Media interested in covering the event should contact the Ritchie Bros. Alberton, Gauteng office in advance of the sale, at +27.11.3978900.

Event: Johannesburg (Boksburg) South Africa Ritchie Bros. Unreserved
Where: Cnr Yaldwyn & Taljaard Roads, Boksburg, ZAF
Date: Tuesday, July 19th, 2005, 10am local time

About Ritchie Bros. Auctioneers

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 sold 178,000 trucks and industrial equipment items in 2004, generating over US$1.79 billion in gross auction sales. The Company maintains a web site at www.rbauction.com.

Recent press releases: www.rbauction.com/news_releases/news_release.jsp

Quick Facts about Ritchie Bros.: www.rbauction.com/about_ritchie_bros/media_quick_facts.jsp

Our company history: www.rbauction.com/about_ritchie_bros/rba_history.jsp

Media kits available by request

Contact Information

  • Ritchie Bros. Auctioneers Incorporated
    Chris Hawley
    Media Relations
    Direct: (604) 233-5501 or Mobile: (604) 789-0990
    North America Toll Free: 1-800-663-8457