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Non-Tech : Ritchie Bros. (RBA)

RBA 100.33

+4.3%

Nov 7 9:30 AM EST

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From: JakeStraw	9/2/2008 8:05:46 AM
	of 105

Substantial purchases leave California and Dubai after Ritchie Bros. auctions biz.yahoo.com Tuesday September 2, 7:00 am ET 49% of gross auction proceeds from out-of-state buyers at LA auction; 39% of gross auction proceeds from out-of-country buyers at Dubai auction VANCOUVER, Sept. 2 /PRNewswire-FirstCall/ - Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world's largest industrial auctioneer, conducted two, large unreserved auctions last week in Dubai, UAE and Los Angeles, California, generating gross auction proceeds of US$20 million and US$24 million, respectively. Close to half of the gross auction proceeds at the Los Angeles unreserved public auction (more than US$11 million or 49%) came from buyers located outside the state of California and 39% (or US$8 million) of the gross auction proceeds at the Dubai unreserved auction came from buyers that were located outside the United Arab Emirates.

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