Select Showcase makes it easier for
shoppers focusing on higher end merchandise by bringing items together in a
central online location for easy viewing and bidding. Bidders competed for 2,690 pieces of industrial
equipment and trucks on April 12th and 13th, generating a total of
US$23. auction calendar currently has 39 upcoming
auctions scheduled in nine countries on four continents. is the world's largest auctioneer of industrial
equipment , operating through over 110 locations in more than 25
countries around the world. The Company also held
four smaller agricultural auctions during the quarter."

During the quarter, bidders participating in Ritchie Bros. The
rbauctionBid-Live service continues to complement the Company's live
auctions , by increasing the average size and diversity of the bidding
audiences.' then click on
'Investor Information'. The Company does not believe that this gain is part of
the normal course of its operations.

chaddock auctioneer

Ritchie Bros. Auctioneers Sets Record with US$23 Million North East MD Auction

com

Investors and potential investors should note that this
information may not be indicative of the overall financial
performance of the Company for this or any period.

auctioneer willingham

com is
the largest and only virtual marketplace for art, antiques and collectibles
offering an integrated, one-stop solution for storefront and live auction
selling plus a host of marketing services for both dealers and buyers .5 million, or 19 per cent, of total sales. Particularly strong sales
volumes in the United States and Canada contributed to the growth in
gross auction sales over the prior year's first quarter.

Auction revenues in the quarter ended March 31, 2005 were $48.
auctions using the Company 's rbauctionBid-Live Internet bidding
service purchased industrial assets with a value of over $63 million,
a nearly 50% increase over the equivalent period in 2004.
(2) Net earnings for the quarter ended March 31, 2005 included a
$5,493 gain ($3,296 after tax) recorded on the sale of excess
land.

chaddock consignments

com logs more than 2 million visits and thousands of
transactions each month.
online bidding service, rbauctionBid-Live, which allows users to
participate live and in real-time in the Company's unreserved
auctions from anywhere in the world. The Company sells, through unreserved
public auctions, a broad range of used and unused industrial
equipment including equipment utilized in the construction,
transportation, material handling, mining, forestry, petroleum,
marine, real estate , and agricultural industries. The Company's net
earnings for the quarter were $13. sold more
than 40,000 lots for over 5,200 consignors at 29 industrial auctions
attracting nearly 50,000 registered bidders. auctions and are the buyers or
runner up bidders on roughly 15% of all lots available to online
bidders. To access a live broadcast of the
conference call, please go to the Ritchie Bros .

brahm virginias

Ritchie Bros. All dollar
amounts in this release are presented in United States dollars.

com

Earnings Conference Call

Ritchie Bros.

palatial consignments

Select Showcase is a must see for the avid
collector . Most merchandise is priced in the $5,000 to $10,000 range.com. Division Manager for North East, said
the wide selection of trucks and industrial equipment attracted a
broad cross-section of bidders from all over the world, and that in
turn led to a successful sale. "Buyers had an enormous range of
lots to choose from, and consignors know we attracted a genuinely
worldwide audience to this auction, getting them global market value
for their assets.

The North East auction is the Company's fifth in less than three
weeks that has generated US$20 million or more in gross auction sales. The Company also commenced construction of a new
permanent auction site in Nashville, Tennessee .

The Board of Directors today announced the declaration of a
quarterly cash dividend of 11 cents per common share payable on June
17, 2005 to shareholders of record on May 27, 2005.

hambrook consignments

News Editors

NORTH EAST, Md.7 million, or $0.40 per diluted
weighted average share, compared to $6. Ritchie Bros. Auctioneers Incorporated (TSX:RBA) (NYSE:RBA)

hostetter consignments

Gross auction sales for the quarter ended March 31, 2005 were
$456 million, 20% higher than the gross auction sales reported for
the first quarter of 2004. This is the largest first quarter gross
auction sales in the Company 's history.rbauction.

willingham liquidate

1860, for $16,000.goantiques.

The Ritchie Bros. Demand is strong while supply remains tight,
and prices at our auctions have reflected this situation.65% 9.

liquidated susanin

7 million in auction sales, making it the highest-grossing
auction in the facility's history. The Company
maintains a web site at www.19 per diluted
weighted average share, in the first quarter of 2004. Excluding this gain, net earnings would have been $10.
Actual results may differ materially. The Company does not undertake
any obligation to update the information contained herein, which
speaks only as of this date.19

(1) Net earnings per share for the quarter ended March 31, 2004 has
been restated on a retroactive basis to reflect the two-for-one
split of the Company's common shares that occurred on May 4,
2004.

liquidate palatial

com's next "Select Showcase Auction. ET April 10 and 17.
For anyone wishing to leave an absentee bid, the preview can be viewed
24 hours a day until the day before the auction at http://www. Auctioneers
Incorporated (TSX:RBA)(NYSE:RBA) North East, Maryland unreserved
auction this week.

News Editors

VANCOUVER, British Columbia----Ritchie
Bros.6
million , an increase of 29% over the equivalent period in the prior
year.

About Ritchie Bros.

Forward-looking Statements

The discussion in this press release relating to future operating
periods contains forward-looking statements (as defined in Section
21E of the Securities Exchange Act of 1934, as amended) that involve
risks and uncertainties, including, in particular, statements
regarding anticipated results for future periods; opportunities in
new markets; the percentage of internet bidders that are the buyers
or runner-up bidders of lots broadcast on the internet; and the
implementation of the Company's growth strategy.

hodgins elac

Auctioneers Incorporated (TSX:RBA) (NYSE:RBA )

Peter Blake, the Company's CEO, remarked: "I am happy to report
that the momentum we experienced in 2004 has carried forward into the
first quarter of 2005.

Ritchie Bros.

Consolidated Statements of Earnings Three months Three months
(USD thousands, except share ended ended
and per share amounts) March 31, 2005 March 31, 2004
-----------------------------
(unaudited) (unaudited)

Gross auction sales $ 456,260 $ 378,642
-------------- ------------ --
-------------- --------------

Auction revenues $ 48,578 $ 37,670
Direct expenses 5,484 4,547
-------------- --------------
43,094 33,123
Expenses:
Depreciation 3,399 2,962
General and administrative 22,556 19,417
-------------- --------------

Earnings from operations 25,955 10,744
Other income (expenses):
Interest expense (679) (960)
Gain on disposition of capital assets 5,448 48
Other income 198 63
-------------- --------------

Earnings before income taxes 22,106 9,895

Income taxes 8,431 3,305
-------------- --------------

Net earnings $ 13,675 $ 6,590
-------------- --------------
-------------- ----- ---------

Net earnings per share (1) $ 0.

liquidated brahm

Unique Antiques Highlight Select Showcase Auctions

"Select Showcase features individually selected high-
quality antiques, collectibles and luxury items from our Antiques and Estate
Items merchandise categories.rbauction. Our sales
force is working hard to generate consignments and deliver value to
our customers. maintains a website
at www.

ahlden elac

Any one who registers for the auction can bid on items from $2,500 to
$100,000 . GoAntiques.com.

The Company continued its global expansion during the quarter
ended March 31, 2005, opening its new permanent auction site in
Sacramento, California and establishing a new regional auction unit
in Livorno, Italy. We are excited about the remainder of 2005, as well as
the years ahead.40 $ 0.

liquidated neate

"Select Showcase offers only the crhme de la crhme of the more than
400,000 items on GoAntiques.

Auctioneers Incorporated (TSX:RBA)(NYSE:RBA) today announced its
results for the quarter ended March 31, 2005.30 per diluted weighted average share. We are continuing to see large audiences of bidders coming
from around the world to compete vigorously for good quality , late
model industrial assets. A
replay will be available on the website shortly after the call .

virginias tajan

"GoAntiques has long been known as a key online
destination for quality art and antiques.

During the quarter ended March 31, 2005, Ritchie Bros. Subsequent to March
31, 2005, the Company completed the acquisition of an approximately
125-acre property in Houston, Texas, on which it intends to construct
a new permanent auction site. is the world's largest auctioneer of industrial
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 industrial
equipment including trucks and equipment used in the construction,
transportation, mining, forestry, petroleum, materials handling ,
marine and agricultural industries.19
Adjusted net earnings per share -
diluted $ 0.

auctioneers neate

"
Examples from the 600 items to be featured at the April auctions include a
George III mahogany kneehole architects table for $10,500, a rare Ming Dynasty
vase for $3,500 and a French bronze dog sculpture, circa.

About GoAntiques.com users.

Ritchie Bros. Auction revenues as a percentage of gross auction sales were
10.95% in the first quarter of
the prior year.30 $ 0.

auctioneers liquidations

Items are
available for preview now at http://www. More than 100 ,000 people are registered as
GoAntiques. Net earnings in
the first quarter of 2005 include a $3.3 million after tax gain
recorded on the sale of land that was not used in the Company's
operations . These risks and
uncertainties include: the many factors that impact on the supply of
and demand for used equipment; fluctuations in the market values of
used equipment; periodic and seasonal variations in operating
results; actions of competitors; the success of the Company's
Internet initiatives; and other risks and uncertainties as detailed
from time to time in the Company's SEC and Canadian securities
filings, including the Company's Management's Discussion and Analysis
of Financial Condition and Results of Operations for the year ended
December 31, 2004, available on the SEC, SEDAR and Company websites.40 $ 0.

liquidations susanin

Joe Boyle, Ritchie Bros.

Ritchie Bros. Auctioneers Reports Record Results for Quarter Ended March 31 2005 and Declares Dividend

We saw record-breaking performances at several
of our auction sites, including the largest auction in the Company's
history at our permanent auction site in Orlando, Florida in
February. website
(www.

Selected Balance Sheet Data
(USD thousands) March 31, 2005 December 31, 2004
----------------------------------
(unaudited )

Current assets $ 311,154 $ 171,302
Current liabilities 265,403 134,431
------------- - --------------
Working capital (including cash) 45,751 36,871
Total assets 576,269 442,409
Long-term debt 4,154 10,792
Total shareholders' equity 298,790 289 ,264

Selected Operating Data
(unaudited) Three months ended Three months ended
March 31, 2005 March 31, 2004
-------------------------------------
(unaudited ) (unaudited)

Auction revenues as percentage
of gross auction sales 10.

liquidated chaddock

goantiques.com."

The auction hosted registered bidders from as nearby as Delaware
and Pennsylvania, and as far away as Bolivia, Trinidad + Tobago,
South Africa, and India. and sold in the same
manner as consigned equipment.rbauction.19

Weighted average shares outstanding 34,287,108 34,024,340
Diluted weighted average
shares outstanding 34,617,223 34,406,316

------------------------------------------------------------- --------
---------------------------------------------------------------------

Net earnings in accordance with GAAP $ 13,675 $ 6,590
Less: after-tax gain on
sale of excess land (2) (3,296) -
---- ---------- --------------
Adjusted net earnings $ 10,379 $ 6,590
-------------- --------------
-------------- --------------

Adjusted net earnings per share $ 0.30 $ 0.

palatial sloans

A $10,000 table."
Introduced for the first time on March 13 , the Select Showcase was an
instant success with dealers, collectors and consumers who bought from
$3.3 million in art, antiques and collectibles.
"While Select Showcase was created for the discriminating buyer, anyone
who enjoys viewing truly fine merchandise will find this special auction of
interest," Kamnikar added.com
With offices in Columbus, Ohio and Yorkshire, England, GoAntiques . "The buyers and the consignors were
winners at this auction," he said.com), click on 'About Ritchie Bros.

susanin auctioneers

com," said Jim Kamnikar, president and chief
operating officer.
The next Select Showcase auctions are set for 4 p.GoAntiques.

The auction's success was fuelled in part by the participation of
545 online bidders, who registered and bid using the Ritchie Bros.6 million, or $0. is hosting a conference call to discuss its 2005
first quarter financial results at 8:00am Pacific Time (11:00am
Eastern Time) on May 3, 2005. Please go to the website at least fifteen
minutes early to download and install any necessary audio software.

scottys elac

"
Kamnikar said more than 1,700 dealers from around the world regularly post
antique merchandise and participate in multiple auctions covering categories
such as art, glass, pottery, ceramics, fine furniture, lighting fixtures,
jewelry and decorative accessories.
GoAntiques offers more than 400,000 items from more than 1,700 dealers in
24 countries . Visit http://www.----Over 2,100
bidders from 26 countries including all 50 US states and ten Canadian
provinces registered to participate in the Ritchie Bros.65% this year compared to a rate of 9.19
Net earnings per share - diluted (1) $ 0.95%
Number of consignors
(industrial auctions ) 5,204 4,671
Number of bidders
(industrial auctions) 49,559 45,874
Number of buyers
(industrial auctions) 13,218 11,904
Number of permanent auction sites 23 22
Number of regional auction units 7 7

Ritchie Bros.

hodgins hostetter

A $3,500 vase.

Live online auction focuses exclusively on high-end specialty merchandise

COLUMBUS, Ohio, The truly discriminating buyer of
fine antiques will have two chances in April to shop online for exquisite
high-end merchandise in GoAntiques.m.com regularly for auction updates . Online buyers accounted for
US$4. Full
equipment listings and auction details can be found at the Company's
web site, rbauction.

About Ritchie Bros. Internet bidders represent approximately 20% of the
registered bidders at Ritchie Bros.

Welcome to Auction Houses
This section consists of traditional auction establishments; though they may have an online catalog and may accept E-mail.

auctioneer ahlden

4
million, or $0.

Gross auction sales represent the aggregate selling prices of all
items sold by the Company during the period and are not presented in
the Company's consolidated financial statements; the comparable
financial statement measure is auction revenues, consisting primarily
of commissions earned on consigned equipment and net profit on the
sale of equipment purchased by Ritchie Bros.

NO ONLINE-ONLY AUCTION SITES
OFF LINE AUCTION HOUSESor
AUCTION HOUSES with On-line Services

hambrook elac

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- - kjjkjk

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