Ritchie Bros. Auctioneers Incorporated
TSX : RBA
NYSE : RBA

Ritchie Bros. Auctioneers Incorporated

April 06, 2006 07:00 ET

Ritchie Bros. Auctioneers Holds its Largest Maryland Auction

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 6, 2006) - Ritchie Bros. Auctioneers (TSX:RBA)(NYSE:RBA), the world's largest industrial auctioneer, today announced that it conducted a large, two-day unreserved auction April 4-5, 2006, in North East, Maryland, generating gross auction sales of more than US$24 million.

More than 2,450 registered bidders from 33 countries, all 50 U.S. states and 10 Canadian provinces registered to bid on over 2,700 truck and equipment items at the two-day auction.

More than 620 internet bidders, using the Company's real-time bidding service, rbauctionBid-Live, purchased over US$4.0 million worth of trucks and equipment items. The internet participants were buyers or runner-up bidders on 24% of the lots available for online bidding.

"This was the largest auction we've ever held in Maryland," said Steve Kriebel, Ritchie Bros. Regional Manager. "The crowd was large and came from all over the world. We had a great selection of equipment; there was something for everyone at this auction."

The auction included over 40 loader backhoes, 45 crawler tractors, 45 hydraulic excavators and over 55 truck tractors, as well as a good selection of crushing equipment.

There are currently over 18,800 truck and equipment items featured in more than 40 unreserved industrial and 75 agricultural auctions in the upcoming Ritchie Bros. auction calendar. 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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