Ritchie Bros. Auctioneers Incorporated

Ritchie Bros. Auctioneers Incorporated

April 10, 2006 07:00 ET

Ritchie Bros. Auctioneers Holds its Largest Georgia Auction

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 10, 2006) - Ritchie Bros. Auctioneers (TSX:RBA)(NYSE:RBA), the world's largest industrial auctioneer, today announced that it conducted its biggest Atlanta, Georgia auction. The unreserved auction, held April 6 and 7, 2006, generated gross auction sales in excess of US$29 million.

More than 1,600 registered bidders from 27 countries, 47 U.S. states and 10 Canadian provinces registered to bid on over 2,200 truck and equipment items at the two-day auction.

Over 570 internet bidders, using the Company's real-time bidding service, rbauctionBid-Live, purchased in excess of US$5 million worth of trucks and equipment items. The internet participants were buyers or runner-up bidders on 33% of the lots available for online bidding.

"There were 105 internet buyers, which is a record for Atlanta," said Russ Zahn, Ritchie Bros. Regional Manager. "We had a large number of registered bidders, both at the sale site and on the internet, and auction sales were very strong...especially for the dump trucks."

There are close to 18,000 truck and equipment items featured in more than 40 unreserved industrial and 65 unreserved agricultural auctions in the upcoming Ritchie Bros. auction calendar. Details on all upcoming Ritchie Bros. auctions, including equipment that will be sold, are available on 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.

Contact Information

  • Ritchie Bros. Auctioneers
    Kim Schulz
    Corporate Communications Manager
    Toll Free: 1 (800) 663-8457 or (604) 273-7564