2,900+ items to be sold at Ritchie Bros. unreserved public auction in Houston

Jun 01, 2010, 06:00 ET from Ritchie Bros. Auctioneers

Highlights of the June 9-10 auction include cranes, unused bottom dump trailers, hundreds of camper trailers, hundreds of dirt bikes, scooters, ATVs and more

HOUSTON, June 1 /PRNewswire-FirstCall/ - Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world's largest industrial auctioneer, will be conducting a two-day multi-million dollar unreserved public equipment auction at its permanent auction site in Houston, Texas from June 9 to 10, 2010. The auction features more than 2,900 equipment items, including late model cranes, unused bottom dump trailers, hundreds of recreational vehicles, as well as a great selection of construction and transportation equipment. Equipment is still being added to auction daily.

"This auction will certainly have something for everyone," said Alan McVicker, Regional Manager, Ritchie Bros. Auctioneers. "Not only do we have a great selection of construction and transportation equipment, including lots of unused aluminum bottom dump trailers and a number of cranes, we also have hundreds of recreational vehicles that will appeal to many buyers. Due to the heat anticipated during the auction all stationary items will be sold virtually from our air-conditioned theaters. Every item will be sold on auction day to the highest bidder - regardless of price."

A number of large, late model cranes are featured in the auction, including a 2007 Grove TMS700E 60-ton hydraulic truck crane, a 2005 Grove RT760 60-ton rough terrain crane and a 2003 Link-Belt RTC8050 50-ton rough terrain crane - as well as a Manitowoc 3900 Vicon crawler crane.

Over 550 late model camper trailers and portable camp houses, ranging from 24 to 37 feet in length will also be sold in the auction - brands include Jayco, KZ Jag, Forest River, Fleetwood, Keystone and many more. The auction also features 300+ unused Jackel dirt bikes, scooters and ATVs.

Other items beings sold include 28 unused 2008 Vantage aluminum bottom dump trailers with warranty, 45 truck tractors, 35 loader backhoes, 30 skid steer loaders, 30 dump trucks, 30 mixer trucks, 25 hydraulic excavators and 20 forklifts.

Construction equipment, camper trailers and portable camp houses will be sold on Day 1 (June 9) of the auction. Trucks and transportation items will be sold on Day 2 (June 10).

Smaller items and consumer goods will be sold at the auction through the Company's new Timed Auction system. Bids can be placed (starting on Monday, June 7) on the Timed Auction lots online at rbauction.com, through internet kiosks at the auction site, by using free public wireless access at the site or by proxy. Onsite bidders can also place bids on the Timed Auction lots with their smartphones at mobile.rbauction.com. All items will be sold to the highest bidders, with no minimum bids or reserve prices.

    Auction details:
    -   Location: Ritchie Bros. Auctioneers' permanent Houston auction site,
        15500 Eastex Freeway, Humble, TX, 77396
    -   Auction site phone: +1.713.455.5200
    -   Time and date: Wednesday, June 9 to Thursday, June 10, 2010 starting
        at 8:00 a.m. each day
    -   The auction is open to the public and registration to bid is free.
        First-time registered bidders are required to place a US$1,000
        refundable deposit when they register.
    -   Customers can inspect, test, and compare items in the auction yard
        during regular business hours.
    -   Interested buyers can bid in person at the Houston auction site,
        online in real time at www.rbauction.com or by proxy by contacting
        the Houston auction site at + 1.713.455.5200.
    -   More information about the auction, including full equipment details
        and photos, is available at www.rbauction.com

About Ritchie Bros.

Established in 1958, Ritchie Bros. Auctioneers (NYSE and TSX: RBA) is the world's largest industrial auctioneer, selling more equipment to on-site and online bidders than any other company in the world. The Company has over 110 locations in more than 25 countries, including 41 auction sites worldwide. Ritchie Bros. sells, through unreserved public auctions, a broad range of used and unused industrial assets, including equipment, trucks and other assets utilized in the construction, transportation, agricultural, material handling, mining, forestry, petroleum and marine industries. The Company maintains a web site at www.rbauction.com and sponsors an equipment wiki at www.RitchieWiki.com.

ATTENTION MEDIA: Photos and other media resources are available for use at http://www.rbauction.com/media

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SOURCE Ritchie Bros. Auctioneers