Our reputation and trust put us first with customers. The success of Ritchie Bros. Auctioneers was established through our steadfast commitment to the unreserved auction process. Every Ritchie Bros. auction is totally unreserved, meaning there are no minimum or upset prices on any of the items being sold. Everything sells on sale day to the highest bidder. By contractual agreement, sellers and their agents have agreed not to bid on or buy back any items.
Buyers then know that they are guaranteed an honest auction price, at true market value.
This is a major reason why a Ritchie Bros. auction draws so many end users and why people are willing to travel half way around the world to bid at our auctions. The Auction Process Feel at home wherever you are. When you travel to any Ritchie Bros. auction you will find that the procedures for registration, bidding, and final settlement are consistent throughout the world. At the start of every auction, the auctioneer explains the terms and conditions of the auction to the bidders and then begins to sell the small items. Major equipment is auctioned next.