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VANCOUVER,
BRITISH COLUMBIA – A three-day Ritchie Bros. (NYSE:
RBA) auction held at the Company’s auction facility
in the Port of Moerdijk (Rotterdam), the Netherlands, generated
over 33 million EURO in Gross Auction Proceeds.
Thirteen
hundred (1,300) people from over 50 countries and 18 U.S.
states registered to bid on over 2,700 trucks and equipment
items November 27th – 29th. The items came from a broad
range of industry categories, including large amounts of
agricultural tractors (149), wheel loaders (163), and hydraulic
excavators (190). Buyers from outside of the Netherlands
purchased over 80% of the items.
“This
was our fourth of five sales in Europe this quarter—a
record amount of sale activity for our European operation,”
said Rob McLeod, Senior Manager of Operations for Ritchie
Bros. Auctioneers in Europe. “It represents a great
opportunity for our customers. One customer in particular
was able to sell his equipment in three different markets
within a short timeframe.”
This
European auction also demonstrated the growing use of the
Internet bidding service, rbauctionBid-Live, which is already
well established at the Company’s North American auctions.
Over 90 bidders from 21 countries registered to bid on items
online and purchased trucks and equipment totaling over
780,000 EURO.
This
week there are nine auctions on the Ritchie Bros. auction
calendar in the United States, Canada and Mexico –
seven will feature real time Internet bidding. Online broadcasts
can be viewed by logging on to rbauctionView on the rbauction.com
web site; qualified bidders will log on via rbauctionBid.
Equipment and auction information is available on the Ritchie
Bros. website: www.rbauction.com.
Ritchie
Bros. is the world's leading auctioneer of industrial equipment,
operating through over 90 locations throughout North, South
and Central America, Europe, Asia, Australia, Africa and
the Middle East. The Company sells, through unreserved public
auctions, a broad range of industrial equipment including
equipment utilized in the construction, transportation,
mining, forestry, petroleum, and agricultural industries.
Ritchie Bros. is a public company; its common shares trade
on the New York Stock Exchange under the ticker symbol RBA.
It maintains a web site at rbauction.com.
Investors
and potential investors should note that this information
may not be indicative of the overall financial performance
of the Company for this or any period.
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