VANCOUVER, March 11 /CNW/ - Vancouver-based Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world's largest industrial auctioneer, will conduct back-to-back unreserved public auctions in Surrey and Langley this week. On Thursday, March 13, Ritchie Bros. will sell almost 1,600 used and unused transportation, construction and other industrial equipment items during an unreserved public auction at its permanent auction site in Surrey. Among the equipment being sold to the highest bidders on auction day: almost 100 truck tractors, including a 2008 Peterbilt 386 T/A; 10 dump trucks, including three 2006 Kenworth T800B T/A; and a large selection of wheel loaders, articulated dump trucks, crawler tractors and hydraulic excavators.
On Friday, March 14, Ritchie Bros. will conduct an unreserved public auction at the Used Equipment branch of Leavitt Machinery in Langley, selling more than 100 equipment items, including forklifts, electric forklifts, rough terrain forklifts, scissorlifts, boom lifts and telescopic forklifts. Both auctions will be unreserved, meaning there are no minimum bids or reserve prices. Every item will be sold to the highest bidder on auction day. The auctions are open to the public. Registration is free.
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WHO Ritchie Bros. Auctioneers, the world's largest industrial
auctioneer, will sell transportation, construction, material
handling and other equipment for Leavitt Machinery and other
owners
WHAT Two unreserved public auctions in Surrey and Langley
WHEN Surrey auction: Thursday, March 13, 2008 - 8 a.m.
WHERE Surrey auction: Ritchie Bros. auction site (12021 Musqueam Drive,
Surrey, BC V3V 3T2)
WHEN Langley auction: Friday, March 14, 2008 - 10 a.m.
WHERE Langley auction: Leavitt Machinery (24389 Fraser Highway, Langley,
BC V2Z 2L3)
HOW A Ritchie Bros. unreserved auction is a fast-paced, exciting
event. Mobile equipment moves over a ramp in front of the seated
crowd while interested buyers competitively bid on the items. Bids
are also placed over the internet using the Ritchie Bros. real-
time internet bidding service, rbauctionBid-Live. Every Ritchie
Bros. auction is completely unreserved, meaning there are no
minimum bids and no reserve prices - every item is sold to the
highest bidder on auction day, regardless of price.
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For more information about the auctions, including details and photos of equipment being sold, visit the Ritchie Bros. web site at www.rbauction.com.
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.
For further information: Kim Schulz, Corporate Communications Manager, Ritchie Bros. Auctioneers, Mob: (604) 788-5379 or email kschulz@rbauction.com; Or Jake Lawson, Regional Manager, Ritchie Bros. Auctioneers, Surrey auction site tel: (604) 580-0166
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