Ritchie Bros. to sell antique and late model tractors in Ottawa unreserved agricultural auction

Global company returns to region after 38 years

OTTAWA, Sept. 24 /CNW/ - Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world's largest industrial auctioneer, is conducting a public, unreserved agricultural auction in Ottawa, Ontario on Tuesday, October 6, 2009 starting at 9:00 a.m. More than 300 agricultural, construction and transportation items will be sold to the highest bidders on auction day with no minimum bids or reserve prices. Items are still being added to the auction leading up to sale day. The upcoming auction comes 38 years after the Company held its first auction in Ottawa in June of 1971.

"Our customers in Ottawa have been supporting Ritchie Bros. for many years by buying and selling equipment at our other auctions held throughout the province and around the world," said Brian Dykstra, Regional Manager for Ritchie Bros. Auctioneers, a Canadian business based in BC since 1958. "Ottawa is a very strong agricultural and industrial hub and auction day will be a great opportunity for locals to buy a piece of equipment at the price they want to pay."

One of the highlights of the Ottawa auction includes a large quantity of antique tractors being sold as part of a complete dispersal for Fred Weagant's Antique Collection of Farm Tractors and Automobiles. Models include a Fordson, a Hart Parr 1224 Antique, an International Harvester Titan, a 1927 McCormick Deering Farmall Antique, and a Minneapolis Moline Twin City JTS. Other agricultural items featured in the sale include a late model 2004 Case STX375, 2WD, 4WD and MFWD tractors, balers, combines, plows, spreaders and seeding and spraying equipment. A selection of transportation and construction items being sold includes: wheel loaders, skid steer loaders, loader backhoes, forklifts and various types of trucks and trailers.

Equipment consignments are still being accepted; owners interested in selling their equipment can phone +1.800.357.0659 for further details.

Ritchie Bros. has over 70 unreserved agricultural and industrial auctions on its upcoming auction calendar at www.rbauction.com.

    
    Auction details:
    ----------------

    -   Location: 4054 County Road 43, Kemptville, ON
    -   Ottawa auction site phone: + 1.800.357.0659 Ottawa auction site fax:
        1.905.857.5195
    -   Time and date: Tuesday, October 6, 2009 starting at 9:00 a.m. (EST)
    -   Open to the public; registration to bid is free
    -   Visit the auction site to register to bid in person; photo I.D. is
        required. Customers can inspect equipment during regular business
        hours leading up to the auction
    -   Internet bidders must register online before auction day at
        www.rbauction.com; at least 2-3 business days is recommended for
        first-time internet bidders
    -   Phone the auction site to place a proxy bid. Phone: + 1.800.357.0659
    -   Equipment details, including photos, are available on the Ritchie
        Bros. web site: www.rbauction,com

    Note: Ritchie Bros. Auctioneers is not affiliated with nor related to art
    auction house Ritchies Auctioneers of Toronto.

    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. The Company has over 110 locations in more than 25 countries, including 39 auction sites worldwide. Ritchie Bros. sells, through unreserved public auctions, a broad range of used and unused industrial assets, including equipment, trucks and other assets utilized in the construction, transportation, agricultural, material handling, mining, forestry, petroleum and marine industries. The Company maintains a web site at www.rbauction.com and sponsors an equipment wiki at www.RitchieWiki.com.

SOURCE Ritchie Bros. Auctioneers

For further information: For further information: Kim Schulz, Manager, Corporate Communications, Ritchie Bros. Auctioneers, Cell: (604) 788-5379 or email kschulz@rbauction.com; Or Brian Dykstra, Regional Manager, Ritchie Bros. Auctioneers, Toronto auction site tel: 1-800-357-0659


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