International crane buyers bid at Ritchie Bros. Edmonton and Houston auctions

June 16, 2009

More than 110 cranes sold at unreserved Ritchie Bros. auctions during week VANCOUVER, June 15 /PRNewswire-FirstCall/ -- Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world's largest industrial auctioneer, sold more than 110 cranes and millions of dollars of other heavy equipment and trucks at its unreserved public auctions last week, including a CA$58 million (US$52 million) auction in Edmonton, Alberta (June 10 & 11, 2009) and a US$41 million auction in Houston, Texas (June 10 - 12). EDMONTON, ALBERTA - More than 4,700 people from 18 countries registered to bid on-site and online at the unreserved auction conducted by Ritchie Bros. at its permanent auction site in Edmonton, Alberta on June 10 & 11, 2009. The auction included more than 4,100 heavy equipment items and trucks and generated gross auction proceeds in excess of CA$58 million (almost US$52 million). Among the items sold: 33 hydraulic truck, crawler, rough terrain and other cranes, including two 2002 Liebherr 200-ton crawler cranes that sold for CA$800,000 (US$715,000) each.

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