More than US$76 million of equipment sold at Ritchie Bros. auctions in Quebec and Texas

Montreal auction breaks site records; Fort Worth auction site concludes second 3,000+-item auction in less than two months

VANCOUVER, Sept. 26, 2014 /PRNewswire/ - Thousands of registered bidders from 67 countries participated at two unreserved public equipment auctions conducted by Ritchie Bros. Auctioneers (NYSE and TSX: RBA) in Montreal, Quebec and Fort Worth, Texas earlier this week. Ritchie Bros. (www.rbauction.com), the world's largest industrial auctioneer, sold CA$40+ million (US$36+ million) of equipment in Montreal, attracting more than 5,000 bidders from 52 countries at its auction held September 24-25, 2014. The Company also held a two-day equipment auction at the same time in Fort Worth, Texas, which generated US$40+ million (CA$44+ million) in gross auction proceeds, and attracted close to 3,300 bidders from 56 countries. 

MONTREAL, QUEBEC - The Company broke Montreal auction site records at this week's auction for largest number of sellers (750+) and largest number of items ever sold (nearly 4,200).

"The results of this week's auction are very encouraging in all industry sectors," said Jessy Cantin, Regional Sales Manager, Ritchie Bros. Auctioneers. "The focus for equipment buyers in Montreal during September is preparation for the winter, so we saw particularly strong results in snow removal gear and heavy construction equipment."

Equipment in the auction included a selection of wheel loaders, motor graders, crawler snow blowers and utility tractors for Dorval, QC-based Roxboro Excavation. Roxboro offers a variety of services in civil engineering, environment, paving, earthmoving, infrastructure, sewage, as well as snow removal in the Quebec region.

"We were very pleased with the results on the sale of our equipment this week," said Daniel Theoret, Director of Equipment, Roxboro Excavation Inc. "I believe that Ritchie Bros. brings in more value for my equipment by providing potential buyers with the opportunity to inspect equipment at their yards in advance of the auction."

FORT WORTH, TEXAS - In less than two months, Ritchie Bros. has held two unreserved equipment auctions at its permanent auction site in Fort Worth. This week's Fort Worth auction featured more than 3,000 heavy equipment items, including a selection of oilfield, construction and transportation equipment.

"This week's auction in Texas saw strong pricing across all categories, particularly for specialized transportation equipment," said Adam Kawulok, Regional Sales Manager, Ritchie Bros. Auctioneers. "Utility trucks were predominantly on high demand on Day Two of the auction along with bucket trucks and boom trucks."

AUCTION QUICK FACTS

The Ritchie Bros. auction calendar currently features more than 95 unreserved public auctions around the world, including the Company's next unreserved public auctions in Montreal, Quebec and in Fort Worth, Texas, both scheduled for December 3 - 4, 2014. Visit www.rbauction.com for a complete list of upcoming auctions.

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