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Registration
When registering, you will be asked to complete the Bidder's
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 driver's license or passport.
A letter of guarantee from your bank, cash deposit, or other
form of satisfactory payment ability is required.
Unreserved
All Ritchie Bros. auctions are completely unreserved. There
are no reserve or minimum prices on any of the items, and
the bidder purchases the equipment at fair market value
as determined by the bidding. At Ritchie Bros. this also
means that the equipment owner, his agent and Ritchie Bros.
itself are forbidden by contract from bidding on or buying
back their own equipment. This unreserved policy applies
to both unused and used equipment items. At a Ritchie Bros.
auction there is no artificial price manipulation; everything
sells to the high bidder on sale day.
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