Thursday, May 15, 2008

Business: Ritchie Bros. adds 2nd day to Brisbane crane, truck auction

Entire crane and truck fleet of the Skelton Group to be sold at Ritchie Bros.' first two-day Australian auction

Brisbane - CNW-AsiaNet/ - For the first time ever, Ritchie Bros. Auctioneers (NYSE and TSX: RBA) - the world's largest industrial auctioneer - has added a second day to one of its Australian auctions.

The unreserved public auction will be conducted at the Company's permanent auction site in Brisbane on June 24 & 25, 2008. The auction was extended to accommodate the large number of crane, truck and heavy equipment items consigned by the Skelton Group, Howard Haulage and other owners: over 540 items so far, with more equipment being added right up until auction day. The auction will be open to the public and strictly unreserved, with no minimum bids or reserve prices. Every item will be sold to the highest bidder on auction day, regardless of price.

"We've been conducting unreserved equipment auctions in Australia since 1990 - but this will be our first ever two-day auction," said Simon Ross, Ritchie Bros. Regional Manager.
"We're selling an exceptional lineup of equipment at our upcoming public auction, including a large selection of late-model cranes, prime movers and earthmoving equipment, and we're selling everything unreserved - meaning there will be no minimum bids and no reserve prices. This is a fantastic opportunity for interested truck and equipment buyers."

Skelton Trucking and Skelton Vertical Transport will sell its entire crane and truck fleet at the unreserved auction as part of a major company realignment that allows Skelton Tomkinson to expand its terminal and freight forwarding operations, both in Australia and internationally.

A total of almost 150 transportation and heavy equipment items will be sold from the Skelton fleet.

Among the equipment being sold for Skelton's: close to 40 prime movers (truck tractors), including six 2007 Western Star and one 2007 Kenworth; more than 50 low loaders (lowboys); and nine late-model cranes:

- Two 2007 Manitowoc M12000 120-ton crawler cranes
- One 2007 and one 2006 Grove GMK4080 80-ton all terrain crane
- 2004 Grove GMK5100 100-ton all terrain crane
- 2004 Grove GMK3055 55-ton all terrain crane
- 2006 Franna MAC25 25-ton crane
- 2004 Franna AT20 20-ton crane
- 2004 Tadano GT550 hydraulic truck crane

The auction also features a large selection of equipment for the construction, earthmoving, transportation, mining and other industries, such as late model wheel loaders and excavators, articulated dump trucks and crawler tractors, including a 2007 Cat D8T and two 2007 Cat D7R.

NSW-based Howard Haulage will sell more than 100 transportation lots at the auction, including prime movers and trailers, as part of a complete business dispersal.

The unreserved public auction starts at 8 a.m. on Tuesday, June 24 and Wednesday, June 25, 2008 at the Ritchie Bros. Brisbane auction site (cnr. Burnside Rd. and Pacific Highway, Yatala, QLD). The auction is open to the public. Registration to bid is free. Interested buyers who are unable to bid in person can register to bid over the internet, live and in real time, using Ritchie Bros.' internet bidding service, rbauctionBid-Live.

Bidders are able to attend the free, public auction on-site or online and can feel confident that every item will sell on auction day and that their time won't be wasted.

At Ritchie Bros. unreserved auctions, buyers are guaranteed that there are never any hidden reserves or the other worries of traditional or discount online-only auctions. And consignors are given the assurance that all their items will sell on auction day so they can move on with their business, without any unsold equipment left behind.

More information about the auction, including photos and details of the equipment being sold, can be found on the Ritchie Bros. web site at www.rbauction.com. Interested buyers can also visit the Ritchie Bros. Brisbane auction site to inspect and test the equipment in person prior to the auction.

Anyone interested in selling trucks or equipment in the June 24 & 25 auction can contact the Ritchie Bros. Brisbane auction site at +61.7.3382.4444.

Ritchie Bros. is also conducting a large unreserved auction at its Melbourne auction site on Friday, June 27, 2008. Almost 200 construction and transportation equipment items will be sold to the highest bidders on auction day. For more information, contact the Ritchie Bros. Melbourne auction site at +61.3.9369.7322.

About Ritchie Bros.

Established in 1958, 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 assets, including equipment, trucks and other assets 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.

SOURCE: Ritchie Bros. Auctioneers Pty. Ltd. (Australia)
CONTACT:
Simon Ross, Regional Manager, Ritchie Bros.
Auctioneers, Gold Coast auction site, tel: +61.7.3382.4444;
Or Kim Schulz, Corporate Communications Manager, Ritchie Bros. Auctioneers, Canadian tel: +604 788-5379 or email:
kschulz(at)rbauction.com

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