Ritchie Bros. to conduct complete dispersal auction for Sykesville, MD contractor

Owner Emory Stull set to retire after 45 years in the land clearing business

SYKESVILLE, MD, Sept. 13, 2011 /PRNewswire/ - Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world's largest industrial auctioneer, will conduct a one-owner, complete dispersal auction for Emory N. Stull, Inc. in Sykesville, Maryland on Tuesday, September 20, 2011. Owner Emory Stull is retiring after 45 years in the land clearing business and selling 80 heavy equipment items and trucks at the unreserved public auction. All of his equipment will be sold to the highest bidders on auction day—regardless of price. There are no minimum bids and no reserve prices for the items being sold. Bids can be made in person at the auction site, online in real time at www.rbauction.com or by proxy.

Emory Stull has purchased and sold a few pieces of equipment at Ritchie Bros. unreserved auctions within the last 10 years; this will be the first time he has sold a large selection of items in one auction. The September 20 auction will take place in his company's yard.

"The equipment I am selling is in excellent condition for a land clearing company and has been well-maintained. Every piece that I have in this dispersal can be bought today and put to work tomorrow," said Mr. Stull.

The package of heavy equipment being sold for Emory N. Stull, Inc. includes wheel loaders, hydraulic excavators, skidders, crawler loaders, environmental equipment, log trailers, chip trailers, utility trucks and truck tractors. Detailed equipment information, including multiple high-resolution photos of each item, can be viewed at www.rbauction.com. Interested buyers can also visit the auction site to test, inspect and compare items in person in the week prior to the auction.

Ritchie Bros. currently operates 43 auction sites worldwide, including a permanent auction site in North East, Maryland, which will hold its next unreserved public auction on October 18, 2011. In 2010 Ritchie Bros. conducted 230 industrial auctions worldwide and sold US$3.3 billion of equipment and trucks. Ritchie Bros. also conducts full-service auctions at temporary locations to meet the needs of customers like Mr. Stull. In 2010, off-site auctions—similar to the upcoming Sykesville auction on September 20—accounted for approximately 25 percent of total industrial auctions conducted by Ritchie Bros.

Auction details:

• Location: 5400 New Expansion Drive, Sykesville, Maryland, 21784
• Auction site phone: +1.410.781.0005
• Time and date: Tuesday, September 20, 2011 starting at 10:00 a.m.
  Directions to auction site: From Baltimore: head westbound on I-70W, take exit 80 for Maryland
  Route 32N/Sykesville Rd. Stay right on the off ramp and merge onto Maryland Route 32N/ Sykesville Rd  northbound for 7.5 miles. Turn left on E Liberty Rd/Maryland Route 26 and proceed for 3 miles. Turn right  onto Enterprise Street proceed for 1/4 mile, turn right onto New Expansion Dr. The auction site will be on  the right.
• The auction is open to the public; registration to bid is free
• How to register and bid:

• In person at the auction site
• Online at rbauction.com - register online 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 for themselves starting September 13 (between 8:00 a.m. - 5:00 p.m.) straight through to auction day.
• Interested buyers can also apply for pre-approved financing through Ritchie Bros. Financial Services. Visit www.rbauction.com/financing for more information.
• Full auction and equipment details, specifications and photos are available at www.rbauction.com

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 heavy 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.

Members of the public and the media can follow Ritchie Bros. on Twitter @RitchieBros.

SOURCE Ritchie Bros. Auctioneers