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bid4assets .

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It's a good sale
when everyone wins.com.

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Bid4Assets provides counties with a more efficient and cost-effective sale
process for its tax-defaulted properties on the Internet.com. has been operating in Edmonton for nearly 40 years,
and today conducts up to six unreserved auctions at the site each
year.

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These are NO RESERVE auctions.

Ritchie Bros.

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Doug Olive, Ritchie Bros.

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Over 4,800 registered bidders from 9 countries, 38 US states, and
13 Canadian provinces and territories took part in the auction at the
Company's permanent auction site in Edmonton, AB, to compete for
2,738 construction, transportation, and agricultural equipment items.

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Interested bidders should go to http://www.bid4assets. "There is obviously a lot of satisfaction in achieving
these records ," he said, "but the best part of the experience is
seeing buyers find the equipment they need for their fleets, and
sellers get global market value for their assets.

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County Treasurer to Sell 179 Tax-Defaulted Properties on the
Bid4Assets Web Site

SILVER SPRING, Md.
The properties offered for sale this time around are mainly vacant lots
located within the city of Oakland.

About Bid4Assets, Inc., phone (301) 650-9193, fax (301) 650-9194 .
Over 650 people registered to bid remotely using the Ritchie Bros.
online bidding service, rbauctionBid -Live, which allows users to
participate in the Company's unreserved auctions from anywhere in the
world.

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"We are thrilled to continue working with Bid4Assets for our second online
auction of tax-defaulted properties.
Auctioneers (TSX:RBA)(NYSE:RBA) achieved a major milestone late last
week when its April 21st and 22nd auction in Edmonton, AB generated
over CAD$44 million in gross auction sales - the highest-grossing
Canadian sale in the Company's history. The site was the previous record holder for the
highest-grossing Company sale in Canada.

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Clients include the U. The Company focuses on high-
end assets, selling real estate, personal property, financial instruments and
bankruptcy claims to a worldwide network of buyers.rbauction.

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The properties are mostly residential.
Due diligence materials, including tax information and maps, are available for
viewing online at Bid4Assets. Marshals Service, the Department of Energy, the
states of Georgia and Maryland and the Counties of Kern, San Bernardino and
Fresno, Calif.
Bid4Assets is the leading online auction marketplace that helps federal,
state and local government and private industry maximize returns from the sale
of forfeited , surplus and tax-defaulted property.

The sale also set a record for the most registered bidders at a
Ritchie Bros. Auctioneers Incorporated (TSX:RBA) (NYSE:RBA)

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"Bid4Assets is proud to work with innovative counties like Alameda County
for the sale of tax-defaulted properties . Information about Bid4Assets, Inc.

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, Bid4Assets, Inc. The pilot Internet auction last March 2004
resulted in more than $3. currently has over 16,000 construction,
transportation, and agricultural equipment items listed at 37
upcoming unreserved industrial equipment auctions, and 18 unreserved
farm auctions in Alberta and Saskatchewan in the next two months.

Ritchie Bros.

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, a leading
online auction site for forfeited, surplus and tax-defaulted property from
federal, state and local government and private industry, today announced that
it will auction 179 tax-defaulted properties for Alameda County, California. Bidders who are unable to bid online can contact Bid4Assets
toll -free at 1-877-427-7387 to request an off-line bid form.S.

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auction in Canada.

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Ritchie Bros. Auctioneers Sets Company Record with CAD$44 Million Edmonton Sale

The Edmonton sale results come on the heels of a Company
announcement late last week indicating that worldwide gross auction
sales for the quarter ended March 31, 2005 increased by 20 percent
compared to the equivalent period in 2004 .

About Ritchie Bros.

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Alameda County to Auction 179 Tax-Defaulted Properties on the Internet

bid4assets. The Company provides
customized sales solutions such as online, sealed bid and Web cast auctions,
fixed price sales, as well as co-branded Web Sites and branded Private Auction
Exchanges . is available at the Company's
site on the World Wide Web at http://www.

The Company
maintains a web site at www.

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com/alameda for more
information. The ultimate beneficiary is the tax-payer," said
Bid4Assets Vice President of Corporate Communications Jenny Lynch.

Ritchie Bros.

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The upcoming March
2005 auction will be the second tax-defaulted property auction for Alameda
County on the Bid4Assets Web site. The company is
located in Silver Spring, Md.

E-commerce marketplaces facilitate interactions and transactions between buyers and sellers within a specific industry or industries .

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Bid4Assets' excellent track record with
selling tax-defaulted property world-wide makes us confident that they will
bring the right buyers to put these properties back to productive use," said
Treasurer Tax-Collector Donald White. Divisional Manager, was pleased with
the results."

Ritchie Bros . 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 equipment utilized in the construction ,
transportation, material handling, mining, forestry, petroleum,
marine, real estate, and agricultural industries.

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com/alameda.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 .

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The online auctions open for bidding March 23, 2005 and remain open until
March 24, 2005, on the Bid4Assets Web site, http://www.2 million for the County. Minimum bids range from $797 - $812,281 .

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By using the Internet, we are able
to reduce administrative costs, reach more buyers and sell a greater number of
properties at each sale.
Bid4Assets has conducted sales of seized, surplus and non-strategic assets
for more than 60 federal, state and local government agencies nationwide .

News Editors

EDMONTON, Alberta----Ritchie Bros.
Full equipment listings and auction details can be found at the
Company's web site, rbauction.