Ritchie Bros. to conduct first Tipton auction of 2012 the day after World Ag Expo

More than 245 agricultural tractors to be sold at Ritchie Bros. Tipton auction site on Friday, February 17

TIPTON, CA, Feb. 7, 2012 /CNW/ - Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world's largest auctioneer of farm, construction and other equipment, will conduct an unreserved public auction at its Tipton, CA auction site on February 17, 2012. The auction will take place the day after World Ag Expo, the world's largest annual agricultural exposition, which is being held five-miles north of the Tipton site in Tulare County from February 14 - 16. More than 1,200 items from more than 250 consignors are already featured in the Tipton auction, including more than 245 agricultural tractors. Bidders can participate in the Tipton auction in-person, online in real time at www.rbauction.com or by proxy.

"We always try to arrange our first Tipton auction of the year around World Ag Expo because it provides convenience for our customers—they can participate and network at the convention and then purchase the equipment they need for the coming season all in one trip," said Jeremy Martella, Regional Sales Manager, Ritchie Bros. Auctioneers. "The auction already features a great selection of equipment, including more than 245 agricultural tractors from Case, John Deere and a variety of other manufacturers. We'll continue to have new equipment items added daily right up to auction day. So we encourage people to come for the show and stay for the auction."

Specific equipment highlights of Tipton, CA:

  • 27 McCormick F Series T3 MFWD agricultural tractors (many unused)
  • two 2009 John Deere 8430 MFWD agricultural tractors
  • two 2008 John Deere 9430T belted tractors
  • a 2008 & a 2007 Challenger MT865B belted tractor
  • a 2008 & a 2007 John Deere 9530T belted tractor
  • a 2009 Challenger MT855C agricultural tractor
  • a 2011 John Deere 524K high lift wheel loader

Every item in the auction will be sold to the highest bidder on auction day—regardless of price—with no minimum bids or reserve prices. Other agricultural equipment highlights include swathers, seeders, spreaders, row crop equipment and more. The auction will also feature construction and transportation equipment, including wheel loaders, loader backhoes, motor graders, motor scrapers, crawler tractors, truck tractors and water, van, utility, dump, flatbed and mechanics trucks.

Consignments are still being accepted for the February 17th Tipton auction—interested sellers can contact the auction site at +1.559.752.3343.

Ritchie Bros. at 2012 World Ag Expo in Tulare, CA - booth located on O Street, spaces 33 - 35
Ritchie Bros. will be participating at the 45th annual World Ag Expo from Tuesday, February 14 to Thursday, February 16—the Company's booth is located on O Street, spaces 33 - 35. On Thursday, February 16 at 11 a.m. Ritchie Bros. will conduct a mock auction at its booth, designed to showcase how easy it is to use its auctions—prizes will be awarded (including an iPad2).

Ritchie Bros.' World Ag Expo tradeshow booth will also feature a few equipment items from the February 17th auction on display. Attendees will also be able to watch live streaming video from Ritchie Bros.' six-day auction in Orlando, FL (the Orlando auction already features more than 10,150 equipment items—the most sold by Ritchie Bros. in a single auction).

Auction details:

  • Ritchie Bros.' Tipton auction site: 16140 Hwy 99, PO Box 1027, Tipton, CA 93272
  • Tipton auction site tel: +1.559.752.3343
  • Time and date: Friday, February 17, 2012. Auction start time: 8:00 a.m.
  • The auction is open to the public; registration to bid is free; a refundable bid deposit may be required
  • How to register and bid:
    • In person at the auction site
    • Online at rbauction.com - register in advance and bid online in real time on auction day; a refundable bid deposit may be required; first-time bidders should register several days in advance of the auction
    • By proxy - phone the auction site to place a proxy bid
  • Interested buyers can come to the auction site to inspect, test and compare items

About Ritchie Bros.
Established in 1958, Ritchie Bros. Auctioneers (NYSE and TSX: RBA) is the world's largest industrial auctioneer, selling more equipment to on-site and online bidders than any other company in the world. Ritchie Bros. offers services that enable the world's builders to easily and confidently exchange equipment. The Company conducts hundreds of unreserved public auctions each year, selling a broad range of used and unused equipment, trucks and other assets utilized in the construction, transportation, agricultural, material handling, mining, forestry, petroleum and marine industries. Ritchie Bros. has over 110 locations in more than 25 countries, including 43 auction sites worldwide. The Company maintains a web site at www.rbauction.com and sponsors an equipment wiki at www.RitchieWiki.com

ATTENTION MEDIA: Photos and other media resources are available for use at http://www.rbauction.com/media. A video showcasing Ritchie Bros.' Grand Opening auction in Tipton, California (February 2010) can be downloaded from YouTube and embedded on media websites: http://youtu.be/7x-Tf54HDIo. Members of the public and the media can follow Ritchie Bros. on Twitter @RitchieBros.

SOURCE Ritchie Bros. Auctioneers

For further information:

Kim Schulz, Manager, Corporate Communications
Phone: +1.604.788.5379 or email kschulz@rbauction.com

Or

Jeremy Martella, Regional Sales Manager, Ritchie Bros. Auctioneers
Tipton auction site phone: +1.559.752.3343 or email jmartella@rbauction.com


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