Ritchie Bros. to sell more than 3,500 equipment items at first Canadian auction of 2014

The world's largest industrial auctioneer kicks off the 2014 Canadian auction season in Edmonton, AB on February 26 - 27

EDMONTON, Feb. 17, 2014 /CNW/ - Ritchie Bros. Auctioneers (NYSE andTSX: RBA), the world's largest industrial auctioneer, will conduct its first Canadian auction of 2014 next week on February 26 - 27, at its permanent site in Edmonton, AB. More than 3,500 equipment items and trucks will be sold in the unreserved public auction, including 60+ oilfield floats, 55+ truck tractors, 45+ winch tractors, 40+ compactors, 30 excavators, 25+ bed trucks and more. Bids can be made in the auction in person at the auction site, live and online at www.rbauction.com and by proxy.

"We're really looking forward to our first Edmonton auction of 2014 and offering one of the largest selections of oilfield hauling equipment we've ever seen in Western Canada," said Jim Rotlisberger, Regional Sales Manager, Ritchie Bros. Auctioneers. "With oil production holding steady and gas prices creeping up, many companies are starting to get busier and looking to upgrade their fleets with new equipment, which has resulted in a wealth of gear coming to our auction. It will all be sold completely unreserved, with no reserve prices or minimum bids. Bidders can buy a piece of equipment, pay for it and put it to work the next day."

Specific equipment highlights in the Edmonton, AB auction include:

• 14 Kenworth C500B winch tractors
• Four 2011 Hitachi ZX250LC-5 hydraulic excavators
• Three Foremost Commander C articulated 6x6 off highway bed trucks
• Two 2011 Hitachi ZX290LC-5 hydraulic excavators
• Two 2007 Western Star 6900XD 8x8 bed trucks
• Two 2008 Caterpillar 14M VHP plus motor graders
• An unused 2014 Kenworth T800 T/A tri-drive w/ Manitex 4596T 45-ton boom truck
• A 2012 Terex TA400 6x6 articulated dump truck
• A 2012 Cedarapids MVP380 portable cone crusher

So far, equipment in the auction will be sold for 425+ sellers, including a complete dispersal of oilfield hauling equipment for Red Deer, AB-based Sawyer Oilfield Hauling Ltd.

"All of our equipment was purchased new, is well-maintained and ready to get right back on the road with a new company," said Boyd Sawyer, President of Sawyer and Oilfield Hauling Ltd. "I came to Ritchie Bros. to sell my equipment because I've always enjoyed attending their auctions and knew they had the best advertising. Ritchie Bros. attracts the biggest crowds—everyone looks forward to their auctions. It's a gathering place for people in our industry."

Equipment will continue to be added to the Edmonton auction right through the day of the sale. Anyone interested in selling their equipment or trucks in the auction should contact the Edmonton site at +1.780.955.2486.

There are currently 129 upcoming auctions listed on the Ritchie Bros. calendar, including 85+ auctions in Canada. Contact each auction site directly to sell your equipment:

• Montreal, QC: March 18 - 19, 2014 (+1.450.464.2888)
• Toronto, ON: March 20, 2014 (+1.905.857.2422)
• Saskatoon, SK: March 25, 2014 (+1.306.933.9333)
• Chilliwack, BC: March 26, 2014 (+1.604.823.2700)
• Grande Prairie, AB: April 9 - 10, 2014 (+1.780.538.1100)
• Truro, NS: April 10, 2014 (+1.902.895.3700)

For more information on the Edmonton auction and all Ritchie Bros. auctions 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.

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

Jim Rotlisberger, Regional Sales Manager, Ritchie Bros. Auctioneers
Phone: [phone]