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.
You'll feel the excitement. The hallmark of a Ritchie Bros. auction is an elevated ramp over which rolling stock is driven in parade fashion before an international audience. Bidcatchers position themselves on the ramp in front of the crowd to relay bids to the auctioneer and to assist the attendees in understanding the bidding process. After the sale, trained office and yard staff help successful bidders with the fast processing of their purchases. Ritchie Bros. is proud of the fact that the predominant amount of sales at our auctions are to end users - people actively engaged in their industry.