Ritchie Bros. to sell hundreds of ex-FEMA camper trailers in unreserved Fort Worth public auction

Jun 30, 2010, 08:00 ET from Ritchie Bros. Auctioneers

More than 70 camper trailers are in the yard now; hundreds more to arrive before auction day

FORT WORTH, TX, June 30 /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 Fort Worth, Texas from July 15-16, 2010. The auction will feature more than 1,200 equipment items, including hundreds of late-model camper trailers being sold on July 16. Equipment is still being added daily. Every item will be sold to the highest bidder - regardless of price - with no minimum bids or reserve prices. More information about the Fort Worth public auction, including full equipment photos and details, is available at www.rbauction.com.

More than 70 camper trailers are already lined up in the Fort Worth auction yard, with hundreds more expected to arrive at the Fort Worth site starting July 6. These trailers were previously owned by FEMA (Federal Emergency Management Agency) and used to provide temporary shelter to victims of Hurricane Katrina. Thousands of these trailers were then purchased by a third party and more than 1,000 were consigned to Ritchie Bros. to be sold by unreserved auction. More than five hundred of these camper trailers were successfully sold by Ritchie Bros. in the Company's Houston, TX auction on June 9-10, 2010.

The Houston auction attracted more than 2,800 bidders from 32 countries, including 31 US states and all ten Canadian provinces. Approximately 30 percent of the trailers sold in the Houston auction were purchased by online bidders.

"The trailers in our Houston public auction attracted a large crowd of bidders on auction day who came from all over to buy them - many were first-time bidders who had never actually been to a Ritchie Bros. unreserved auction before," said Adam Kawulok, Area Manager, Ritchie Bros. Auctioneers. "The Forth Worth auction will provide buyers, who missed out purchasing one of these trailers in Houston, an opportunity to do so at a price they're willing to pay. There will be a lot of selection to choose from and every item sells unreserved, without minimums or reserve prices. Every item sells on auction day to the highest bidder, regardless of price. We encourage interested bidders to come to the site before auction day to inspect and check out the equipment and camper trailers for themselves."

Other items being sold in the two-day Fort Worth auction include a large selection of construction equipment on Day 1 (July 15), including wheel loaders, crawler tractors, articulated dump trucks, motor scrapers, compaction equipment, hydraulic excavators and aerial and lifting equipment. The 500 camper trailers, along with an assortment of trucks and trailers will be sold on Day 2 (July 16).

Equipment consignments are still being accepted; owners interested in selling their equipment in the auction can contact the Fort Worth auction site at +1.817.237.6544 to discuss their options.

    Auction details:

    -   Location: Ritchie Bros. Auctioneers' permanent Fort Worth auction
        site, 6050 Azle Avenue, Fort Worth, TX, 76135
    -   Auction site phone: +1.817.237.6544
    -   Time and date: Thursday, July 15 to Friday, July 16, 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 Fort Worth auction site,
        online in real time at www.rbauction.com or by proxy by contacting
        the auction site at +1.817.237.6544.
    -   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 42 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: Since most of the camper trailers will not be in the yard until after July 6, media are advised to get B-roll footage and other visuals of the trailers after that day. Please contact Jose Vargas at the number below to make arrangements. Other photos and media resources are available for use at http://www.rbauction.com/media. Members of the public and the media can follow us on Twitter @RitchieBros

SOURCE Ritchie Bros. Auctioneers