Mr. Neal Black reports

RITCHIE BROS. SELLS US$50+ MILLION OF EQUIPMENT IN FINAL FORT WORTH, TX AUCTION OF 2017

This week Ritchie Bros. Auctioneers Inc. sold over 4,100 equipment items and trucks for over $50-million (U.S.) at its unreserved auction in Fort Worth, Tex., setting a new December sales record for the site.

More than 5,000 people from 60 countries registered to bid in the auction on Dec. 13 to Dec. 14, 2017, including over 3,500 people registering to bid on-line. U.S. buyers purchased 91 per cent of the equipment, including 40 per cent purchased by Texas buyers, while international buyers from as far away as India, Italy and Vietnam purchased 9 per cent of the equipment. On-line buyers purchased 56 per cent of the equipment.

"We had a great auction this week -- our largest sale ever in December -- with an uptick in pricing in most equipment categories," said Neal Black, regional sales manager, Ritchie Bros. "We saw particularly strong pricing for the nice forestry package in the auction, which sold to buyers across the country and into Canada. We also saw good prices for the massive selection of transportation assets in the sale."

Mr. Black continued, "We'd like to thank all the buyers and sellers that participated in our Fort Worth auctions this year -- from our site's largest auction ever in March to our site's largest December auction ever."

Ritchie Bros. sold equipment for over 575 owners in the Fort Worth auction. Highlights included over 450 truck tractors, over 390 trailers, over 225 aerial work platforms, over 95 excavators, 65 compactors, over 55 skid steers, 55 loader backhoes, over 50 flatbed trucks, over 45 dump trucks, over 35 loaders and over 15 dozers. All items were sold without minimum bids or reserve prices.

Specific equipment sales highlights:

• Two 2015 Kenworth T800 12 by six by four with Manitex TC700 70-ton boom trucks sold for a combined $650,000 (U.S.).
• A 2015 Peterson 4710B crawler horizontal grinder sold for $365,000 (U.S.).
• Two Caterpillar 938M wheel loaders sold for a combined $355,000 (U.S.).
• A 2016 Tigercat 635E six-by-six grapple skidder sold for $315,000 (U.S.).
• Two Terex TA300 six-by-six articulated dump trucks sold for a combined $260,000 (U.S.).
• A 2013 Tesmec TRS1375 crawler bucket wheel rock saw sold for $230,000 (U.S.).

Auction quick facts: Fort Worth, Tex., Dec. 13 to Dec. 14, 2017:

• Total gross transactional value -- over $50-million (U.S.);
• Amount sold to on-line bidders -- over $28-million (56 per cent);
• Total registered bidders (in person and on-line)-- over 5,000;
• Registered on-line bidders -- over 3,500;
• Total lots sold -- over 4,100;
• Number of sellers -- over 575.

Ritchie Bros. currently has more than 30,000 equipment items, trucks and other assets listed for sale in its upcoming on-site unreserved auctions, IronPlanet weekly on-line auctions and its other marketplaces. For a complete list of upcoming auctions and equipment available, visit the company's website.

About Ritchie Bros. Auctioneers Inc.

Established in 1958, Ritchie Bros. is a global asset management and disposition company, offering customers end-to-end solutions for buying and selling used heavy equipment, trucks and other assets. Operating in a multitude of sectors, including construction, transportation, agriculture, energy, oil and gas, mining, and forestry, the company's selling channels include: Ritchie Bros. Auctioneers, the world's largest industrial auctioneer offers live auction events with on-line bidding; IronPlanet, an on-line marketplace with featured weekly auctions and providing its exclusive IronClad Assurance equipment condition certification; Marketplace e, an on-line marketplace offering multiple price and timing options; Mascus, a leading European on-line equipment listing service; and Ritchie Bros. Private Treaty, offering privately negotiated sales. The company also offers sector-specific solutions including GovPlanet, TruckPlanet, Kruse Energy Auctioneers and Cat auctions, plus equipment financing and leasing through Ritchie Bros. Financial Services.