VANCOUVER - Ritchie Bros. Auctioneers Incorporated, an auctioneer of industrial equipment, sold approximately $3.9 billion of equipment at 328 unreserved auctions around the world in 2012. This represents a 5-percent increase in gross auction proceeds over 2011 and the highest gross auction proceeds in Company history. The Company achieved gross auction proceeds of $1 billion in the fourth quarter alone. Ritchie Bros. (www.rbauction.com) attracted record online bidder registrations and sold approximately $1.3 billion of equipment, trucks and other assets to online bidders in 2012, an 18% increase over 2011 and the highest amount ever sold online by the Company in one year.
Ritchie Bros. conducted its final unreserved auctions of 2012 December 20 in Los Angeles and St. Louis, and plans to release its full audited annual financial statements and Management's Discussion and Analysis for 2012 on February 26, 2013. All dollar amounts in this release are stated in United States dollars, unless otherwise indicated.