Ritchie Bros. to Auction 1,250 Heavy Equipment Items in Spain June 6-7

May 24, 2013

Ritchie Bros. Auctioneers will sell more than 1,250 heavy equipment items, including 25 mobile cranes, at its two-day Ocaña/Moncofa, Spain, unreserved public auction on June 6-7. Included in the auction is a 2008 Terex Demag AC700 all-terrain crane with a lifting capacity of 700 tons — the largest all-terrain crane ever sold at a Ritchie Bros. auction. All equipment items in the multi-million euro auction will be sold unreserved, to the highest bidders without minimum bids or reserve prices.

The two-day unreserved auction, to be held simultaneously at the company's auction sites in Ocaña (central Spain) and Moncofa (close to Valencia), currently features more than 1,250 heavy equipment items and trucks with new items being added daily. Ritchie Bros. will sell the entire selection of 25 cranes on June 7, the second day of the unreserved public auction. All 25 cranes, including the 2008 Terex Demag AC700 700 ton all-terrain crane, are located at the company's Ocaña, Spain auction site.

All equipment items can be inspected online at www.rbauction.com as well as in person at the company's auction sites in Spain starting on Tuesday, June 4th. In order to find out where an item is located, interested bidders can visit the Ocaña/Moncofa, ESP auction page at www.rbauction.com. They can then click on the individual item to see detailed equipment information and find the auction site location by reading the Catalog Notes section of the page.

Interested bidders can register to bid in person at the Ocaña or Moncofa auction sites, online and in real-time at www.rbauction.com or they can call the auction site ahead of time to place a proxy bid. The auction will be simulcast at both locations, with all items being sold by virtual ramp (projected on a large screen in the auction theater) at the Moncofa location and a combination of live and virtual ramp selling methods at the Ocaña location.

Ritchie Bros. is the world's largest seller of used equipment for the construction, transportation, agricultural, material handling, energy, mining, forestry, marine and other industries. The company also operates an online marketplace through Ritchie Bros. EquipmentOne and a range of value-added services, including equipment financing for customers through Ritchie Bros. Financial Services. The company has more than 110 locations in more than 25 countries, including 44 auction sites worldwide.