Ritchie Bros. to sell largest Manitowoc crawler crane in Company history in Denver public auction

Jun 04, 2010, 09:00 ET from Ritchie Bros. Auctioneers

More than 300 cranes featured in upcoming unreserved auctions around the world - the largest is a 440-ton Manitowoc crawler crane being sold in Denver

DENVER, CO, June 4 /PRNewswire-FirstCall/ - Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world's largest industrial auctioneer, will sell a large quantity of late model cranes along with more than 1,200 equipment items and trucks in an multi-million dollar unreserved public auction next week (June 10 - 11) at the Company's permanent auction site in Denver, Colorado. A 2006 Manitowoc 440-ton Series 1, 2, & 3 self-erecting crawler crane will be sold in Denver next week - the largest Manitowoc crawler crane to ever be featured in one of the Company's unreserved public auctions. Ritchie Bros. also has more than 300 cranes featured in upcoming unreserved auctions around the world. The current auction inventory of cranes is available at www.rbauction.com.

The Manitowoc 16000 440-ton capacity, 500-horsepower engine crawler crane being sold in Denver features a boom made up of ten different sections and spanning a height of 315 ft when fully extended. The lifting capacity of crane on the main boom is 295 ft and up to 432 ft with a luffing jib. The Manitowoc crawler crane will be sold with a luffing jib. Other cranes being sold on Day 1 (June 10) of the auction include:

        -  A 2007 Grove RT9130E 130-ton rough terrain crane
        -  A 2008 Grove RT890E 90-ton rough terrain crane
        -  A 2006 Grove TMS990E 90-ton 8x4x4 hydraulic truck crane
        -  A 2007 Grove RT760E 60-ton rough terrain crane
        -  A 2008 Grove RT650 50-ton rough terrain crane
        -  A 2001 Terex T560 60-ton 8x4x4 hydraulic truck crane

The auction will also feature a large selection of construction equipment and transportation items. Construction equipment being sold on Day 1 includes: wheel loaders, hydraulic excavators, motor graders, motor scrapers, loader backhoes, compactors, telescopic forklifts and aggregate, crushing and paving equipment. A wide assortment of trucks including concrete pump, dump, mixer, water, van, flatbed and boom trucks will be sold on Day 2 (June 11).

All items will be sold to the highest bidders on auction day - regardless of price - with no minimum bids or reserve prices. Interested customers can test, inspect and compare cranes and other equipment items now through to auction day. Interested buyers can bid in person at the Denver auction site, online in real time at www.rbauction.com or by proxy.

WHO: Ritchie Bros. Auctioneers, world's largest industrial auctioneer, will sell cranes for Energy Transportation Inc. and Plains Construction

WHAT: Multi-million dollar unreserved public industrial equipment auction, including large selection of cranes, equipment items and trucks

WHEN: Thursday, June 10 to Friday, June 11 - auction starts at 8:00 a.m. each day

WHERE: Ritchie Bros. Auctioneers' permanent Denver auction site located at 4444 Ritchie Drive, Longmont, CO 80504. Auction site phone: +1.970.535.6700

DIRECTIONS TO AUCTION SITE: From Denver International Airport (DIA), take Pena Blvd West to E470 North tollway (2- $2.25 tolls required) to I-25 North (exit 47). Take I-25 North to Exit 243 Hwy 66 East (right) to CR 9 1/2 South (right), follow CR 9 1/2 to the site.

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: A photo of the Manitowoc 16000 440-ton crawler crane and other 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