Ritchie Bros. Auctioneers Incorporated
TSX : RBA
NYSE : RBA

Ritchie Bros. Auctioneers Incorporated

September 23, 2005 06:00 ET

Ritchie Bros. Auctioneers Grosses Over US$21 Million at Chicago Unreserved Auction

CHICAGO, ILLINOIS--(CCNMatthews - Sept. 23, 2005) - Over 2,800 trucks and industrial equipment items sold by unreserved auction on Tuesday and Wednesday, September 20 and 21, at Ritchie Bros. Auctioneers' (TSX:RBA)(NYSE:RBA) facility in Morris (Chicago), IL. More than 2,000 bidders from 26 countries including 48 U.S. states registered to participate in the auction, generating a total of over US$21 million in gross auction sales.

Featured equipment items included 44 hydraulic excavators, 15 motor graders, 49 truck tractors, 47 wheel loaders, 54 loader backhoes, and over 100 utility reefer trailers - all of which sold to the highest bidders at the two-day sale.

Rich Evans, Ritchie Bros.' Regional Manager for the Great Lakes region, said that the sale's broad selection was matched only by the continuing strength of global demand for industrial equipment. "The worldwide market remains very hot, so it's no surprise that we registered bidders from as far away as Australia, Israel, and the Philippines," he said.

Evans noted that the participation of 636 online bidders, who registered to bid using the Ritchie Bros. online bidding service, rbauctionBid-Live, added to the sale's strong results by accounting for more than US$4 million of the auction's total sales. The service allows customers to participate in the Company's unreserved auctions over the internet in real-time.

Ritchie Bros. currently has over 28,000 trucks, industrial equipment, and agricultural equipment items that will be sold at 55 upcoming unreserved auctions scheduled in the coming months. Full equipment listings and auction details can be found at the Company's web site, 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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