Unreserved and Open Auctioneer
U.S.A. Head Office
Lincoln, Nebraska
3901 Faulkner Drive
P.O. Box 6429
Lincoln, Nebraska 68506-0429
Tel: 402 421 3631
Toll Free: 1 800 428 9264
Fax: 402 421 1738
Unreserved Industrial Auctions
International Head Office
Vancouver, British Columbia
6500 River Road
Richmond, BC
Canada
V6X 4G5
Tel: 604 273 7564
USA Toll Free: 1 800 663 8457
Can Toll Free: 1 800 663 1739
Fax: 604 273 2102
Ritchie Bros. Auctioneers conducts over 140 unreserved industrial auctions every year, and has 110 offices in 25 countries, including 29 permanent auction sites.
A wide range of construction, transportation, mining, forestry, petroleum, marine and agricultural equipment is sold to the highest bidder without minimum bids or reserve prices. Find out why buyers and sellers choose Ritchie Bros. Auctioneers.
Ritchie Bros. Auctioneers conducts over 140 unreserved public auctions every year at locations throughout North, South and Central America, Europe, Asia, Australia, Africa and the Middle East.
We are a public company listed on the New York Stock Exchange, and the Toronto Stock Exchange under the trading symbol RBA. We are known for our innovative auction methods, attention to detail and our total commitment to the unreserved auction. The confidence this gives our customers has enabled Ritchie Bros. to become the largest industrial auctioneer in the world.
If you are interested in buying or selling trucks or equipment, you can count on Ritchie Bros. Auctioneers. With over 110 offices throughout North, South and Central America, Europe, Asia, Australia, Africa and the Middle East, we have a representative near you to meet your needs
Cant Make it to the Auction?
Participate live and in real time over the Internet with rbauctionBid-Live. You can see an image of the equipment as it sells, hear the auctioneer call out bids and place your bids over the Internet, live and in real-time. New to live online bidding?
Or, you can place a bid by proxy with rbauctionBid-Proxy or by contacting the sale site. New to bidding by proxy?
Registering to Bid is Free
Before bidding, we ask you to register at the sale site. Registration is available several days before the auction and is free. In some cases, a deposit may be required.
When registering, you will be asked to complete the Bidders Registration Agreement. This consists of filling in your name, address, the company you represent (if any) and banking information. You must also present a piece of photograph identification, such as a drivers license or passport. A letter of guarantee from your bank, cash deposit, or other form of satisfactory payment ability is required.
Complete registration information can be accessed online by choosing the auction of interest from the calendar drop-down list on the rbauction.com home page and clicking GO, then following the Registration Info. link.
After you read our terms and conditions and sign your bidder card at the auction, you will receive a detailed catalog listing all the items with their descriptions in sale order. Your catalog has your designated buyer number on it, and any purchases that you make during the sale will be recorded with this number.
Check to see if the Catalog for the Auction of interest to you is posted online. This normally occurs a few days before the sale.
For simplified registration at the sale or to participate in online bidding services, become an Express Bidder today
Auction Time!
The auction starts promptly (usually at 8:00am) in a comfortable, seated theater. After the auctioneer explains the terms and conditions of the auction, the mobile equipment items are driven across the selling ramp as they are auctioned. The pace is quick, with one item selling every 40 - 60 seconds! At the conclusion of the ramp portion of the sale, stationary equipment is auctioned. Interested bidders follow a sound truck around the yard as the auctioneer sells the items.
Tell Me About Bidding
The auctioneer announces the lot number and offers an ask price. If he does not receive a bid at this price, he will drop the price until someone starts the bidding. Bidding is easy - just raise your auction catalog!
One of our bid catchers, standing in front of the crowd, will relay the bid to the auctioneer. Bidding continues until no more bids are offered. The auctioneer will then announce the lot as SOLD, and the process starts over again on the next lot.
Every item in a Ritchie Bros. auction sells unreserved to the highest bidder on auction day.
Ive Bought Something - Now What?
When youve finished bidding for the auction, you will receive an invoice listing all your purchases. Payment must be made within 7 days of the auction. Please note, for any lot selling for 2,500 or less (in the currency of the auction), a handling fee of 10% will be charged.
In addition, if you made your purchases using the rbauctionBid-Live Internet bidding service, your purchases are subject to an Internet Purchase Fee of 2% of the purchase price to a maximum of 500 plus applicable taxes (in the currency of the auction) per lot. Purchases made by Proxy Bids are subject to a Proxy Purchase Fee of 2% of the purchase price to a maximum of 500 plus applicable taxes (in the currency of the auction) per lot. These fees apply only to buyers. Taxes on fees are applicable to all buyers. No charges or fees apply to unsuccessful bidders.
Payment information can be found for any sale in the Terms and Conditions information which can be accessed online by choosing the auction from the calendar drop-down list on the rbauction.com home page and clicking GO, and following the Term & Conditions link.
Several transportation and financial service providers are at every auction to assist where needed their contact information along with other sale specific information is available on each auction event web page. Once youve paid for your purchases in full, you may collect your equipment from the yard, and put it straight to work!
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