Ritchie Bros. Auctioneers Holds Largest Canadian Unreserved Agricultural Auction

    SASKATOON, SK, April 12 /CNW/ - Ritchie Bros. Auctioneers
(TSX:RBA)(NYSE:  RBA), the world's largest industrial and agricultural equipment
auctioneer, held what it believes is Canada's largest-ever unreserved
agricultural auction April 11th at its new permanent auction facility in
Saskatoon, Saskatchewan. More than 3,000 registered bidders participated in
the auction, with gross auction sales of more than CA$14 million.
    "More than 5,000 people attended our Saskatoon auction, it was
unbelievable," said Kevin Tink, Vice President of Ritchie Bros. Auctioneers
western division. "There was a large volume of extremely high calibre
agricultural equipment and with the strong demand, it made for a great
auction. We had bidders participating in the auction from all over Canada and
the United States, and from as far away as Italy, Germany, Australia, and the
United Arab Emirates. Most of the equipment sold to buyers in Canada and the
United States, with the majority of the equipment staying in Canada."
    The Company's new 20-acre, state-of-the-art auction facility is one of 35
auction sites that Ritchie Bros. has around the world. More than 1,200 lots
were sold on auction day - with the auction starting at 8am and ending at
approximately 7pm.
    More than 400 of the bidders registered to use the Company's real-time
bidding service, rbauctionBid-Live, which allows people to participate in the
auction live and in real-time over the internet. Buyers made online purchases
of over CA$2 million and internet participants were buyer or runner-up bidder
on 23 percent of the lots available to be sold online.
    The Company sold equipment for Miller Farm Equipment, Agricenter Sales,
Power Sports Regina/Bobcat of Regina, and other owners. Ritchie Bros. also
conducted complete dispersals for Heritage Valley Farms Ltd. and Gagnon
Farms Ltd., as well as sold real estate by unreserved auction for Albert
Hannah, Ken & Marilyn Danielson, and Velvet Enterprises.
    "We are really pleased to have this new permanent auction facility here
in Saskatoon, with our customers being able to count on us to hold regularly
scheduled auctions throughout the year," said Mr. Tink.
    Ritchie Bros.' next unreserved agricultural auction in Saskatoon is being
held July 9, 2007. The auction is open to the public, and anyone interested in
buying or selling their equipment is asked to contact the Saskatoon office at:
    Currently on the upcoming Ritchie Bros. auction calendar, there are 85
unreserved agricultural auctions and 41 unreserved industrial auctions.
Details on all upcoming Ritchie Bros. auctions are available on

    About Ritchie Bros.

    Ritchie Bros. is the world's largest auctioneer of industrial and
agricultural 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 equipment including equipment and
other assets utilized in the agricultural, real estate, construction,
transportation, material handling, mining, forestry, petroleum, and marine
industries. The Company maintains a website at www.rbauction.com.

    Attention Media: Photos from this auction are available for your
    publications. Please contact Kim Schulz for info.

For further information:

For further information: Ritchie Bros. Auctioneers, Kim Schulz,
Corporate Communications Manager, 1-800-663-8457; or Cell: (604) 788-5379,
Email: kschulz@rbauction.com, Website: www.rbauction.com

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