Big European Auction Caps Seven-Auction Week for Ritchie Bros.VANCOUVER, British Columbia -- With gross auction sales of over EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 28.4 million (US$35.2 million), Ritchie Bros BROS Brothers BROS Benefits and Retirement Operations Section (King County, Washington) BROS Barnes and Richmond Operatic Society (London, UK) .' (NYSE NYSE See: New York Stock Exchange :RBA RBA Rare Bird Alert RBA Reserve Bank of Australia RBA Run Book Automation RBA Rochester Business Alliance RBA Rights-Based Approach RBA Royal Brunei Airlines (ICAO code) RBA Relative Byte Address RBA relative binding affinity ) (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :RBA) three-day sale in Moerdijk (Rotterdam), the Netherlands capped off another busy auction week for the company. Over 9,200 people registered to bid at the company's auctions in Toronto, ON; North East, MD (two-day); Merritt, BC; Vancouver, BC; Ocean City, MD; Kansas City, MO and Moerdijk, NLD NLD abbr. nonverbal learning disorder last week. Buyers made in excess of US$76 million in total purchases at the seven auctions. More than 8,800 trucks and equipment units were sold completely unreserved on behalf of over 1,200 consignors. The auction in Moerdijk was the largest of the week. One thousand, four hundred and thirty-four (1,434) people from 68 countries and 22 U.S. states registered to bid in the October 6 - 8th Moerdijk auction, with buyers purchasing more than 3,200 lots. "We enjoyed a good crowd at the auction, with people coming from all over to buy industrial and agriculture equipment and trucks," commented Guylain Turgeon, Managing Director for European operations for Ritchie Bros. "A late-model Caterpillar demolition machine sold to a buyer from Portugal. A motor scraper See scraping. sold to a customer from Morocco. Other machines were purchased by buyers as far away as Australia, South Africa and Thailand. This is the kind of international participation that allows us to transcend local and regional market conditions for our consignors, getting them global market value." Five European auctions are on the Ritchie Bros. calendar over the next few months including sales in Livorno, Italy; Cleveland, United Kingdom; a three-day auction in Moerdijk as well as Sagunto, Spain (two-day) and Meppen, Germany which feature large quantities of agriculture equipment. Details on all upcoming Ritchie Bros. auctions, including equipment listings, are available on www.rbauction.com. About Ritchie Bros. Auctioneers Ritchie Bros. Auctioneers (NYSE: RBA & TSX: RBA), sells, through unreserved public auctions, a broad range of used and unused industrial equipment including equipment utilized in the construction, transportation, material handling, mining, forestry, petroleum, marine, Ritchie Bros. is the world's largest auctioneer of industrial equipment, operating through over 90 locations in more than 20 countries around the world. The Company sells, through unreserved public auctions, a broad range of used and unused industrial equipment including equipment utilized in the construction, transportation, mining, forestry, petroleum, marine and agricultural industries. The Company maintains a web site at www.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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