MEDIA RELEASE PR39460
Ritchie Bros. to Conduct Live Simulcast of Japan Auction at Brisbane Site - A Free Seminar Will Also
Educate Buyers About Purchasing Equipment From Japanese Market
BRISBANE, Australia, May 10 /CNW-AsiaNet/ --
On May 27, 2010, Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world's largest industrial auctioneer,
will conduct a live simulcast of its Narita, Japan auction at the Company's permanent auction site in Brisbane,
Australia. The auction will be broadcast in real time on a large theatre screen starting at approximately 10:00
a.m. (Brisbane time). The live simulcast of the Narita auction will provide Australians an opportunity to
participate in the Narita auction and find the equipment they need without having to leave the country.
Items being sold in the Narita auction include an assortment of Japanese brand equipment and late model
Caterpillar wheel loaders, hydraulic excavators and crawler tractors. Every item will be sold to the highest
bidder - regardless of price - with no minimum bids or reserve prices. On-site bidders can register at the
Brisbane auction site two days in advance of the live public auction simulcast.
"Our Narita auctions are providing a completely new market for our Australian customers to source
equipment from - a market that is reputed for featuring good quality gear buyers can put straight to work," said
Warwick Mackrell. "It's never been a better time for Australian buyers to purchase equipment from Japan. The
strength of the Australian dollar compared to the Japanese Yen and the ease of shipping between the two
countries make purchasing and shipping equipment from Japan to Australia very affordable right now."
Prior to the live Narita auction simulcast, Ritchie Bros. will also conduct a free seminar at 9:00 a.m.
(Brisbane time) at its Brisbane auction site explaining how to buy and transport equipment from Japan to
Australia. Transportation companies and customs brokers will also be on-site during the live simulcast to
assist customers with their shipping needs.
More information about the Narita unreserved auction, including full equipment details, searches and photos
Ritchie Bros. will also be conducting two unreserved public equipment auctions in Australia in June. The first
unreserved public auction will be held at the Brisbane auction site on June 22, 2010 and the second will be
held at the Company's Geelong auction site on June 24, 2010. Consignments for both auctions are still being
accepted; equipment owners interested in selling their equipment in the auctions can contact the Brisbane
auction site at 07.33824444 and the Geelong auction site at 03.52453333 to make arrangements.
Narita auction simulcast details:
- Location: Ritchie Bros.' Brisbane permanent auction site at
1-57 Burnside Road, Brisbane, QLD, QL 4207
- Brisbane auction site tel: 07.33824444
- Time & date: Thursday, May 27, 2010 - Free How to Buy seminar at
9:00 a.m.; Narita auction simulcast at 10:00 a.m.
- Unreserved auction is open to the public; registration to bid is free
- Interested buyers can bid in person at the Narita auction site in
Japan, in person at the Brisbane auction site, online in real time at
rbauction.com or by proxy
- More information about the auction, including full equipment details
About Ritchie Bros.
Established in 1958, Ritchie Bros. Auctioneers (NYSE and TSX: RBA) is the world's largest industrial
auctioneer, selling more equipment to on-site and online bidders than any other company in the world. The
Company has over 110 locations in more than 25 countries, including 41 auction sites worldwide.
Ritchie Bros. 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, agricultural, material
handling, mining, forestry, petroleum and marine industries. The Company maintains a web site at
SOURCE: Ritchie Bros. Auctioneers
CONTACT: Warwick Mackrell,
Vice President,
Ritchie Bros. Auctioneers,
Brisbane auction site tel: +61 7 33824401; Or
Kim Schulz,
Manager,
Corporate Communications,
Ritchie Bros. Auctioneers,
Phone: (Canada): +1 (778) 331-5442 or
Email: kschulz(at)rbauction.com
(RBA. RBA)
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