Global heavy equipment marketplace to set stage at Ritchie Bros. Duluth, MN auction next week

The world's largest industrial auctioneer will sell a selection of heavy construction, transportation, forestry and other industrial equipment items all to highest bidders

DULUTH, MN, Oct. 1, 2014 /CNW/ - Ritchie Bros. Auctioneers (NYSE andTSX: RBA), the world's largest industrial auctioneer, will host an unreserved public auction in Duluth, Minnesota on Wednesday, October 8, 2014. Featured items in the upcoming auction include a selection of bulldozers, wheel loaders, hydraulic excavators, skid steer loaders and much more. Every item in the auction will be sold to the highest bidder, regardless of price, without minimum bids or reserve prices. Bids in the auction can be made in person at the auction site, online in real-time at www.rbauction.com and by placing proxy bids.

"It has been more than five years since we last held an auction in Duluth, so we look forward to welcoming new and existing Ritchie Bros. customers to our auction next week," said John Beasley, Regional Sales Manager, Ritchie Bros. Auctioneers. "We encourage interested bidders to visit our auction site to inspect and test equipment ahead of the auction. We're open from 8:00 am to 5:00 pm daily and will start registering bidders on October 5^th."

Equipment featured at next week's Duluth auction comes from a variety of sellers from around the region, including equipment from Virginia, Minnesota-based Hoover Construction Company. According to Hoover's President and CEO Peter "Chipper" Johnson, next week's auction has something for everyone.

"We will be selling a wide range of equipment, which was used primarily for highway heavy construction," said Mr. Johnson. "So whether you're looking for a large, 27-ton dozer or a small directional drill, Duluth is where you need to be next week."

Duluth, Minnesota auction details:

• Location: 1789 Minnesota 210, Carlton, Minnesota 55718
• Time and date: Wednesday, October 8, 2014 at 9:00 a.m. (local time)
• Auction site phone: [phone]
• The auction is open to the public; registration to bid is free; a refundable bid deposit may be required
• Registration begins on Sunday, October 5, 2014
• How to register and bid:
• In person at the auction 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 auction site to place a proxy bid
• Interested buyers can come to the auction site to inspect, test and compare items ahead of the auction

For more information, including detailed equipment information and high-resolution equipment photos, visit the Company's 21-language website at www.rbauction.com.

About Ritchie Bros.
Established in 1958, Ritchie Bros. (NYSE andTSX: 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

José Vargas, Corporate Communications Lead, Ritchie Bros. Auctioneers
Phone: [phone] | Email: [email protected]

Or

John Beasley, Regional Sales Manager, Ritchie Bros. Auctioneers
Duluth auction site phone: [phone]