Ritchie Bros. Auctioneers Sets Georgia Record with US$24 Million Atlanta Auction.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- 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, Incorporated (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :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 )(NYSE NYSE See: New York Stock Exchange :RBA) set a Company record last week when its Atlanta sale generated over US$24 million in gross auction sales - the highest-grossing Georgia state auction in the Company's history. Over 1,400 registered bidders from 26 countries and 49 US states vied for 1,522 pieces of trucks and equipment at the April 8th and 9th unreserved auction. The Company's real-time online bidding service played a significant role in the sale - over 400 people registered to bid remotely using the Ritchie Bros BROS Brothers BROS Benefits and Retirement Operations Section (King County, Washington) BROS Barnes and Richmond Operatic Society (London, UK) . online bidding service, rbauctionBid-Live, which allows users to participate in the Company's unreserved auctions from anywhere in the world. Online bidders placed nearly 25 percent of all winning and runner-up bids. Russ Zahn, Ritchie Bros.' South East Regional Manager, said: "The strong presence of online bidders meant the Atlanta auction was a truly global marketplace of trucks and equipment. Our buyers had a wide selection to choose from, and bid with confidence knowing there are no reserve prices at any of our auctions. And sellers got global fair market value for their assets because we attracted bidders both on-site and online from around the world." The Atlanta auction featured a strong multinational contingent, attracting registered bidders from Portugal, United Arab Emirates United Arab Emirates, federation of sheikhdoms (2005 est. pop. 2,563,000), c.30,000 sq mi (77,700 sq km), SE Arabia, on the Persian Gulf and the Gulf of Oman. , Antigua, Colombia, Russia, and the Cayman Islands Cayman Islands (kā`mən), British dependency (2005 est. pop. 44,300), 100 sq mi (259 sq km), comprising three islands in the West Indies. . The Company's Georgia record is the second state record in less than a month. On March 17th and 18th, Ritchie Bros.' Denver auction set a new Company record for the state of Colorado, generating US$22 million in gross auction sales. The Ritchie Bros. auction calendar currently has 37 upcoming industrial equipment auctions and 40 farm and agricultural auctions scheduled before August. Full equipment listings and auction details can be found at the Company's web site, rbauction.com. About Ritchie Bros. 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 equipment including equipment 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. 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. Ritchie Bros. Auctioneers Incorporated (TSX:RBA) (NYSE:RBA) |
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