Brisbane - CNW-AsiaNet - Ritchie Bros. Auctioneers (NYSE and TSX: RBA) - the world's largest industrial auctioneer - expects to attract bidders from around the world when it conducts the largest Australian auction in company history this week.
On June 24 & 25, Ritchie Bros. will sell almost 1,200 truck and equipment items at its permanent auction site in Yatala on the Gold Coast, more items than the Company has ever sold in an auction in Australia.
The Company's largest Australian auction to date featured more than 1,100 equipment items and generated over AU$36 million in total proceeds.
That auction (in September 2007) attracted bidders from 17 countries, including every Australian state and territory.
This week's auction features a large selection of late model cranes, prime movers and earthmoving equipment.
Every item will be sold to the highest bidder on auction day, regardless of price.
Registration to bid is free and open to the general public.
More information about the auction (including photos and details of equipment being sold) can be found on the Ritchie Bros. web site at www.rbauction.com.
WHO
Ritchie Bros. Auctioneers, the world's largest industrial auctioneer, will sell equipment for more than 130 companies, including Skelton Transportation Pty Ltd and Howards Haulage Pty Ltd
WHAT
An unreserved public auction featuring almost 1,200 equipment items, including late model cranes, prime movers and earthmoving equipment
WHEN
Tuesday, June 24 & Wednesday, June 25, 2008.
Auction start time: 8:00 a.m.
WHERE
Ritchie Bros.' Gold Coast auction site (cnr. Burnside Rd. and Pacific Highway, Yatala, QLD). Site phone:
+61.7.3382.4444
HOW
A Ritchie Bros. auction is a fast-paced, exciting event.
Mobile equipment moves over a ramp in front of the crowd of bidders in the auction theater. Interested buyers bid competitively on the items, either in person at the site or live over the internet.
Most items sell in less than one minute. Ritchie Bros.
auctions are completely unreserved, meaning there are no minimum bids and no reserve prices, unlike many traditional or online-only auctions.
Every item is sold to the highest bidder on auction day, regardless of price.
Ritchie Bros. is also conducting a large unreserved auction at its Melbourne auction site on Friday, June 27, 2008.
More than 600 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
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@rbauction.com
On June 24 & 25, Ritchie Bros. will sell almost 1,200 truck and equipment items at its permanent auction site in Yatala on the Gold Coast, more items than the Company has ever sold in an auction in Australia.
The Company's largest Australian auction to date featured more than 1,100 equipment items and generated over AU$36 million in total proceeds.
That auction (in September 2007) attracted bidders from 17 countries, including every Australian state and territory.
This week's auction features a large selection of late model cranes, prime movers and earthmoving equipment.
Every item will be sold to the highest bidder on auction day, regardless of price.
Registration to bid is free and open to the general public.
More information about the auction (including photos and details of equipment being sold) can be found on the Ritchie Bros. web site at www.rbauction.com.
WHO
Ritchie Bros. Auctioneers, the world's largest industrial auctioneer, will sell equipment for more than 130 companies, including Skelton Transportation Pty Ltd and Howards Haulage Pty Ltd
WHAT
An unreserved public auction featuring almost 1,200 equipment items, including late model cranes, prime movers and earthmoving equipment
WHEN
Tuesday, June 24 & Wednesday, June 25, 2008.
Auction start time: 8:00 a.m.
WHERE
Ritchie Bros.' Gold Coast auction site (cnr. Burnside Rd. and Pacific Highway, Yatala, QLD). Site phone:
+61.7.3382.4444
HOW
A Ritchie Bros. auction is a fast-paced, exciting event.
Mobile equipment moves over a ramp in front of the crowd of bidders in the auction theater. Interested buyers bid competitively on the items, either in person at the site or live over the internet.
Most items sell in less than one minute. Ritchie Bros.
auctions are completely unreserved, meaning there are no minimum bids and no reserve prices, unlike many traditional or online-only auctions.
Every item is sold to the highest bidder on auction day, regardless of price.
Ritchie Bros. is also conducting a large unreserved auction at its Melbourne auction site on Friday, June 27, 2008.
More than 600 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
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@rbauction.com
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