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Press release from CNW Group

Luxury condo in the heart of Edmonton among 3,450+ items selling at the June Ritchie Bros. two-day unreserved public auction in Edmonton

Friday, May 31, 2013

Luxury condo in the heart of Edmonton among 3,450+ items selling at the June Ritchie Bros. two-day unreserved public auction in Edmonton

15:00 EDT Friday, May 31, 2013

Edmonton auction features more than 3,450 equipment items and trucks from 500 sellers-Luxury condominium from Ritchie Bros. co-founder Dave Ritchie among items being sold

EDMONTON, May 31, 2013 /CNW/ - Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world's largest industrial auctioneer, will conduct a two-day heavy equipment auction in Edmonton on June 12 - 13, 2103. The auction currently features more than 3,450 items and is also offering the unique opportunity to acquire premium real estate in the heart of Edmonton. Dave Ritchie, Chairman Emeritus and co-founder of Ritchie Bros. Auctioneers, is selling his personal luxury condominium in the June Edmonton unreserved public auction. The property will be sold at approximately 2:00 p.m. June 13, 2013 on the second day of the two-day auction. Just as with all Ritchie Bros. auctions, everything will be sold to the highest bidder, regardless of price. Bids will be accepted at the auction site, online in real-time at www.rbauction.com or by placing proxy bids in person or by phone.

"Dave is again demonstrating his commitment to the unreserved auction method by selling his luxury condo at our upcoming Edmonton auction," said Brian Glenn, Vice President, Sales, Ritchie Bros. Auctioneers. "In addition to this beautiful property, the auction also features a diverse selection of more than 3,450 trucks and heavy equipment items—and more is being added daily—so we'd like to invite everyone to come down to the auction site, kick the tires, test out the equipment and join us on auction day."

More information and photos of the luxury condominium are available at http://www.rbauction.com/heavy-equipment-auctions/real-estate/edmonton-alberta-2013190. Apartment viewings are by appointment only. Interested bidders can contact Megan Keam, Executive Assistant, Ritchie Bros. Auctioneers +1.780.979.3308 to schedule a walk through.

Other highlights from the auction include more than: 125 pickup trucks, 75 truck tractors, 45 hydraulic excavators, 40 crawler tractors, 35 flatbed trucks, 30 articulated dump trucks, 25 dump trucks, 25 wheel loaders, 10 motor graders and much more.

Equipment in the auction will be sold for 500 sellers, including premier unused, low and medium-hour equipment from HUB Equipment—a Canadian independent equipment company that has been buying and selling with Ritchie Bros. since 1968.

"HUB's fleet available in this auction includes five Volvo articulated dump trucks, six Caterpillar crawler tractors and a Caterpillar long reach hydraulic excavator—all late-model, all well-maintained and all ready for immediate use," said Tom Stevenson, President, HUB Equipment. "My family has been buying and selling with Ritchie Bros. for more than 40 years, and with their experience, good reputation and global footprint—in addition to the fact that Edmonton is perhaps the most dynamic and demanding equipment market in North America—I know that I have the opportunity to achieve the best possible value for my equipment."

This will be the third Ritchie Bros. auction in Edmonton for 2013 so far—the most recent, conducted April 24 - 26, featured more than 5,100 equipment items and attracted 8,200+ bidders from more than 40 countries.

Consignments are still being accepted for the Edmonton auction; anyone interested in selling their equipment can contact the auction site at +1.780.955.2486.

For additional information on this or any other Ritchie Bros. auction, visit www.rbauction.com.

About Ritchie Bros.
Established in 1958, Ritchie Bros. (NYSE and TSX: RBA) is the world's largest seller of used equipment for the construction, transportation, agriculture, material handling, energy, mining, forestry, marine and other industries. Ritchie Bros. TM solutions make it easy for the world's builders to buy and sell equipment with confidence, including live unreserved public auctions with on-site and online bidding (rbauction.com), the EquipmentOne TM secure online marketplace (EquipmentOne.com), a professional corporate asset management program, and a range of value-added services, including equipment financing for customers through Ritchie Bros. Financial Services (rbauctionfinance.com). Ritchie Bros. has operations in more than 25 countries, including 44 auction sites worldwide. Learn more at RitchieBros.com.

ATTENTION 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.


SOURCE: Ritchie Bros. Auctioneers

For further information:

Jose Vargas, Corporate Communications Specialist, Ritchie Bros. Auctioneers
Phone: +1.604.765.2909 or email CorpComm@rbauction.com

Or

Brian Glenn, Vice President, Sales, Ritchie Bros. Auctioneers
Phone: +1.780.955.2486

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