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Press release from CNW Group

Large selection of tools, shop and warehouse equipment to be sold at Ritchie Bros. auction next week

Friday, July 06, 2012

Large selection of tools, shop and warehouse equipment to be sold at Ritchie Bros. auction next week16:00 EDT Friday, July 06, 2012Unreserved public auction features "something for everyone"; a large selection of concrete and heavy industrial equipment as well as more than 1,300 shop and warehouse items including grinders, hammer drills, saws and moreBOLTON, ON, July 6, 2012 /CNW/ - As part of a concrete and heavy industrial equipment line-up, Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world's largest industrial auctioneer, will sell a large selection of shop and warehouse items next Tuesday and Wednesday, July 10 and 11, 2012 at an unreserved public auction in Toronto (Bolton), Ontario. In total, more than 3,900 industrial equipment items will be sold to the highest bidders during the auction, regardless of price. Equipment highlights include a selection of more than 20 Super B-Train tank trailers, a 2008 Gomaco C450 bridge deck finisher, a 2004 Freightliner Condor COE T/A with Schwing KVM39X concrete pump truck and more. On day two of the auction (July 11), consumers and contractors will be able to find items like drill presses, plasma cutting tables, tool boxes, sprayers, rebar and forms. Interested bidders have the option of bidding in person at the Ritchie Bros. auction site in Bolton (approximately 50 minutes north of downtown Toronto), online in real time at www.rbauction.com or by proxy."Our auction next week has items for everyone—from heavy equipment operators and large scale project contractors to shop tools for every day use in your garage," said Jake Lawson, Vice President, Sales, Ritchie Bros. Auctioneers. "Our yard will be open prior to the auction so interested bidders can inspect and test out the equipment. This is an unreserved auction so everything goes to the highest bidders regardless of the price—so you're bound to find competitive prices if you're in the market for heavy equipment and other industrial gear."The public auction currently features equipment from more than 270 owners, including Bolton-based ConCreate USL LP, which has experience in bridge building, infrastructure remediation and new construction. More than 1,300 concrete equipment items from ConCreate USL are currently featured in next week's Toronto auction, including tooling and contractor supplies, core drills, cutting machines, shoring supports, welders, generators, steel racking, work benches, piping, rebar and much more.Registration to bid is free. For more information about the auction, visit www.rbauction.com or contact the Ritchie Bros. Bolton auction site at +1.800.357.0659 or +1.905.857.2422.Auction details:Auction location: Ritchie Bros.' Bolton auction site at 3 Manchester Court, Bolton, ON, L7E 2Y1Site phone: +1.800.357.0659 or +1.905.857.2422Every auction is open to the public; registration to bid is free; a refundable bid deposit may be requiredHow to register and bid:In person at the auction siteOnline at rbauction.com - register in advance and bid online in real time on auction day; a refundable bid deposit may be required; first-time online bidders should register several days in advance of the auctionBy proxy - phone the auction site to place a proxy bidAbout 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. Ritchie Bros. offers services that enable the world's builders to easily and confidently exchange equipment. The Company conducts hundreds of unreserved public auctions each year, selling a broad range of used and unused equipment, trucks and other assets utilized in the construction, transportation, agricultural, material handling, mining, forestry, petroleum and marine industries. Ritchie Bros. has over 110 locations in more than 25 countries, including 44 auction sites worldwide. The Company maintains a web site at www.rbauction.com and sponsors an equipment wiki at www.RitchieWiki.comATTENTION MEDIA: Photos and other media resources are available for use at http://www.rbauction.com/media. Members of the public and the media can follow Ritchie Bros. on Twitter @RitchieBros.For further information: Jose Vargas - Corporate Communications Specialist Office: +1.778.331.5439 Mobile: +1.604.765.2909 Email: CorpComm@rbauction.com  Or Jake Lawson - Vice President, Sales Auction site phone: +1.800.357.0659 Email: jlawson@rbauction.com