PR Log - Ritchie Bros. Auctioneers conducts first auction in Turkey

							PR Log - Global Press Release Distribution




        Ritchie Bros. Auctioneers conducts first auction in Turkey, attracts hunderds of people

       By Hans A.H.C. de Wit
       Dated: Nov 24, 2009

       Istanbul, 23 November 2009 – Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world’s largest
       industrial auctioneer, conducted its first ever auction in Turkey last Saturday, November 21 2009

       Unreserved equipment auction in Istanbul attracts hundreds of people

        Istanbul, 23 November 2009 – Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world’s largest
       industrial auctioneer, conducted its first ever auction in Turkey last Saturday. The Company welcomed
       hundreds of people at the sale in Istanbul, of which more than 120 registered to bid on used and unused
       construction equipment and trucks.

        More than 150 items were sold at the auction on Saturday, including excavators, wheel loaders, tractors,
       all-terrain cranes, lifts, and trucks. Equipment buyers were able to place bids both on-site in Istanbul and
       online simultaneously.

        “The participation at our first auction in Turkey was overwhelming,” says Ritchie Bros. Auctioneers
       Senior Vice President and Managing Director Europe, Asia and the Middle East Guylain Turgeon. “It was
       fantastic to see that the auction attracted hundreds of people. Many of the bidders were first-timers, but that
       didn’t stop them from successfully buying equipment and trucks. We are impressed with how the customers
       were easily able to adapt to the fast-paced auction. Overall, this has been a great experience for us and a
       warm confirmation from existing and new Turkish customers that our unreserved auction method is of
       value in Turkey.”

        Every Ritchie Bros. auction is unreserved, meaning there are no minimum bids or reserve prices. All items
       sell on auction day, regardless of price. The Company also forbids owners from bidding on their own items,
       which ensures that the bidders set the prices, not the sellers. The Company’s unreserved auction method is
       world renowned for its transparency and fairness, which benefits both buyers and sellers.

        About Ritchie Bros.
        Established in 1958 in Canada, 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 39 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 www.rbauction.com and sponsors an equipment wiki at www.RitchieWiki.com.

        For more information contact:
        Barbaros Guc, Territory Manager, Ritchie Bros. Auctioneers
        Tel: +90.533.763.1170

        Or Alexander Ypeij, Communications Specialist Europe, Ritchie Bros. Auctioneers
        Tel: +31.765.242.600 or email: aypeij@rbauction.com

        Or Kim Schulz, Manager, Corporate Communications, Ritchie Bros. Auctioneers (Canadian head office)
        Cell: +1.604.788.5379 or email kschulz@rbauction.com


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PR Log - Global Press Release Distribution




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Established in 1958 in Canada, 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 39 auction sites
worldwide.

Category           Construction, Transportation, Industrial
Tags               www rbauction com/turkeyi
Email              Click to email author
Phone              +905337346012
City/Town          Istanbul
State/Province     Istanbul
Country            Turkey




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