Major consignment from Newnan, GA-based Setco Grading LLC in next Ritchie Bros. Atlanta auction

September 22 unreserved public auction features more than 1,300 equipment items and trucks

ATLANTA, Sept. 7 /PRNewswire-FirstCall/ - Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world's largest industrial auctioneer, will conduct a multi-million dollar unreserved public auction at its Atlanta, GA auction site on Wednesday, September 22, 2010. More than 1,300 equipment items and trucks will be sold on auction day, including 175+ items consigned by Newnan, GA-based Setco Grading LLC. Every item will be sold without minimum bids or reserve prices. More information, including equipment photos and details, is available at www.rbauction.com.

"The package of equipment consigned by Setco Grading LLC in our September 22 auction is one of the nicest selections of equipment I have ever seen," said Darrin Hogeboom, Regional Manager, working at Ritchie Bros. Auctioneers for 10 years. "Setco is one of the premiere grading companies in North America and their equipment in our auction is already creating a lot of buzz in the heavy equipment industry. Interested bidders should visit our auction site ahead of the auction and check the equipment out for themselves."

Setco Grading LLC is a division of Thomas Enterprises Inc., a Georgia-based real estate development company founded in 1987. Their consignment in Ritchie Bros.' Atlanta auction is part of a major realignment that also included consignments in two other recent Ritchie Bros. auctions-Orlando, FL (on August 18, 2010) and Houston, TX (on August 26 - 27, 2010). Their package of equipment being sold in the September 22 Atlanta auction includes: ten 2007 Peterbilt 379 twin-axle dump trucks, six 2006 Caterpillar 621G motor scrapers and six Caterpillar D6N LGP crawler tractors, as well as 12 hydraulic excavators, eight articulated dump trucks and six compactors.

Other highlights of the auction include 65+ forklifts, 55+ skid steer loaders, 40+ mini excavators and 20+ midi excavators, as well as a great selection of transportation equipment.

Most equipment will be sold in the live auction; registered bidders can bid in person at the auction site, online in real time at rbauction.com, or by proxy. Smaller items, such as attachments and consumer goods, will be sold in an online Timed Auction. Bids can be placed on the Timed Auction lots online at rbauction.com, through internet kiosks at the auction site, or by proxy. The auction site has free public wireless internet access.

Equipment consignments are still being accepted; owners interested in selling their equipment in the September 22 auction can contact the Atlanta auction site at +1.770.304.3355 to discuss their options.

    Atlanta auction details:
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    -   Location: Ritchie Bros. Auctioneers' Atlanta auction site at 4170
        Highway 154, Newnan, GA, 30265
    -   Atlanta auction site tel: +1.770.304.3355
    -   Time and date: Wednesday, September 22, 2010 at 8:00 a.m.
    -   Auction is open to the public; registration to bid is free; a
        refundable bid deposit may be required
    -   How to register and bid:
          -   In person at the auction site - first-time bidders from Canada
              and the U.S. must place a refundable $1,000 bid deposit when
              they register on-site
          -   Online at rbauction.com - register in advance and bid online in
              real time on auction day; a refundable bid deposit may be
              required; first-time bidders should register several days in
              advance of the auction
          -   By proxy - phone the Atlanta auction site to place a proxy bid
    -   Interested buyers can come to the auction site to inspect, test and
        compare items
    -   More information, including equipment details and photos, is
        available at www.rbauction.com

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 42 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.

SOURCE Ritchie Bros. Auctioneers