Ritchie Bros. Auctioneers Incorporated

Ritchie Bros. Auctioneers Incorporated

December 14, 2006 07:01 ET

Ritchie Bros. Auctioneers Completes Large Two-Day Auction In Sacramento

SACRAMENTO, CALIFORNIA--(CCNMatthews - Dec. 14, 2006) - Ritchie Bros. Auctioneers (TSX:RBA)(NYSE:RBA), the world's largest industrial auctioneer, today announced the results of a two-day unreserved auction held at its permanent auction site in Sacramento, California on December 12 and 13, 2006. Over 2,000 trucks and equipment items were sold at the Sacramento auction, generating gross auction sales in excess of US$21 million.

"We had a good, strong sale," said Mike Johnston, Ritchie Bros. Regional Manager. "It was a record crowd for us in Sacramento; more than 2,300 people registered for the auction from all over the world. The internet was very active as well. We sold a lot of good, mid-sized equipment in our auction which attracted a diverse crowd."

Bidders attended the auction from 21 countries, as well as from 40 U.S. states, and eight Canadian provinces.

More than 650 internet bidders registered to use the Company's real-time bidding service, rbauctionBid-Live, and purchased over US$5 million worth of truck and equipment items. The internet participants were buyers or runner-up bidders on 38% of the lots available for online bidding in Sacramento.

There are six unreserved industrial and unreserved agricultural auctions left in the Ritchie Bros. December auction calendar. The Company's last auction of the year is December 21, 2006 in Buxton, North Dakota. Details on all upcoming Ritchie Bros. auctions, including equipment that will be sold, are available on www.rbauction.com.

About Ritchie Bros.

Ritchie Bros. is the world's largest auctioneer of industrial equipment, operating through over 110 locations in more than 25 countries around the world. The Company sells, through unreserved public auctions, a broad range of used and unused industrial equipment including equipment utilized in the construction, transportation, material handling, mining, forestry, petroleum, marine, real estate, and agricultural industries. The Company maintains a web site at www.rbauction.com.

Investors and potential investors should note that this information may not be indicative of the overall financial performance of the Company for this or any period.

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