Ritchie Bros. prepares for its largest Canadian agricultural auction of the year

Unreserved public auction in Saskatoon, SK on December 2 features 95+ headers, 85+ combines, 85 tractors, 40+ swathers, 25+ air drills and more

SASKATOON, SK, Nov. 25, 2014 /CNW/ - Ritchie Bros. Auctioneers (NYSE andTSX: RBA), the world's largest industrial auctioneer of agriculture, construction and other heavy equipment will conduct its largest agricultural auction of 2014 on December 2 at its permanent site in Saskatoon, SK. The auction already features close to 1,800 equipment items, including 95+ headers, 85+ combines, 85 tractors and more. Every item will be sold without minimum bids or reserve prices.

"As harvest season is over, many farmers are looking to upgrade their fleet before year-end," said Jordan Clarke, Regional Sales Manager, Ritchie Bros. Auctioneers. "As a result, we have a huge selection of equipment in our yard, including late-model John Deere, New Holland and Case IH equipment."

Agricultural equipment highlights in the auction include:

• Eight John Deere S670 combines (seven 2012 models, one 2013)
• Six John Deere S690 combines (five 2012 models, one 2013)
• A 2014 Case IH Magnum 290 MFWD tractor
• A 2013 Case IH 550 Quadtrac track tractor
• A 2013 Case IH Steiger 550HD 4WD tractor
• Seven John Deere 4940 120-ft sprayers (six 2012 models, one 2013)
• Three unused 2013 Seed Hawk 45 Series 60-ft air drills
• Two 2014 Case IH Titan 4530 70-ft spreaders

The December Saskatoon auction also features a great selection of construction equipment, including two Caterpillar D7R XR crawler tractors, two 2012 John Deere 350G LC hydraulic excavators, two John Deere 872GP AWD motor graders, two Caterpillar 140H VHP Plus motor graders and a 2013 John Deere 544K wheel loader. The auction will also feature automobiles, including a 2010 Chevrolet Camaro RS and a 2005 Hummer H2, pickup trucks, consumer items and more.

Consignments are still being accepted for the Saskatoon auction; anyone interested in selling their equipment can contact the auction site at +1.306.933.9333. For more information on this or any other Ritchie Bros. auction, visit 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.

Forward looking statements
This press release may contain forward-looking information. Such forward looking information involves material assumptions, risks and uncertainties, certain of which are beyond the control of Ritchie Bros. Such assumptions, risks and uncertainties include, without limitation, factors influencing the supply of and demand for used equipment, fluctuations in market conditions and values of used equipment, seasonal and periodic variations in operating results, actions of competitors, the success of the Company's new initiatives, economic and other conditions in local, regional and global markets, and other risks and uncertainties as detailed from time to time in the Company's securities filings. Ritchie Bros.' actual achievements could differ materially from those expressed in, or implied by, this forward-looking information and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking information will transpire or occur. Any forward-looking information is made as at the date of this press release and Ritchie Bros. does not undertake any obligation to update publicly or to revise any of the included forward-looking information, except as may be required by applicable securities laws.

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

Ian Malinski, Corporate Communications Lead, Ritchie Bros. Auctioneers, Phone: [phone] | Email: [email protected]; Or Jordan Clarke, Regional Sales Manager, Ritchie Bros. Auctioneers, Saskatoon site phone: [phone]