ONLINE BIDDING: HOW TO BID ONLINE
Bidding online is easy. You can hear the auctioneer, see pictures and descriptions of each item as it is sold and place bids – all in real time. You can even bid in multiple auctions or auction rings! See a preview of our online bidding interface or read through the bidding steps below:
Choose an Auction Ring
We separate large auctions into multiple "rings." Click Bid Now! next to the ring you want to enter. Once you've entered the auction, you can join another ring or auction you registered for.
Read the Terms
Before joining the auction, you must agree to the Terms and Conditions of bidding. Read them carefully! When you agree to these terms, you are entering into a binding legal agreement with Ritchie Bros.
If you registered to bid in one auction under two or more account names, select the account you want to bid with now.
Click in the checkbox to indicate that you agree to the bidding terms, then click Agree - Join Auction to join the live auction. You're now ready to bid!
Review your Information
The online bidding interface has all of the information you need to bid with confidence. In the top right corner you can see your bidding limit, current purchases, remaining limit, bidder number and the currency of the auction. You'll also find a convenient currency converter in this area.
You can review the features of the online bidding interface here.
See the Current Lot
The auctioneer will announce the name and lot number of each item before opening the bidding. You will see the lot number, a photo and other details of the item being sold in the top left of the bidding interface.
If the item is part of a choice group, the first lot in the group will be displayed in the main picture area. Photos of the other lots in the choice group will be shown below. You can scroll through these images with the left and right arrow buttons. When an item is sold, the image disappears
Look at Other Lots
A list of all the items in the auction is displayed below the current lot. Clicking on the short description will take you to the item detail page on rbauction.com. Hovering over the camera icon will display a photo of each item. The word SOLD will appear next to an item when it is sold.
Activate your Bid Button
The next lot being sold will appear next to a check box in the lot selection area on the right of the screen. If you want to place a bid on that item, you must click in the check box to activate your bid button.
Similar items are sometimes offered as a "choice group." In that case, multiple lots will be listed in the lot selection area. If you're interested in bidding on one or more of the items in the choice group, click the check box next to your first choice. Only select one lot, even if you want to buy more than one item in the group.
If you are the highest bidder when a choice group is sold, the auctioneer will give you the option of buying one or more of the remaining lots for the same price. After that, any remaining lots are offered to the runner up bidder. If any lots remain unsold, the bidding starts again.
Sometimes a group of lots will be sold "in catalog order." That means the highest bidder must take the first lot in the group (the one will with the lowest lot number).
Follow the Bidding
To initiate the bidding on each lot, the auctioneer gives an initial "ask price." If no one wants to bid at that price, he reduces the ask price until someone makes an initial bid (the "bid price"). You will see the current bid and ask prices on your computer screen. The ask price is displayed on your bid button. These numbers are updated in real time, so you can follow the auction as closely as someone bidding on-site.
Place your Bids
You can bid as soon as you've placed a check mark in the lot selection area to activate your bid button. If you would like to place a bid at the current ask price, simply click your bid button. The message "Bid Accepted – You're On" will appear. Your bid will be immediately relayed to the auctioneer.
Your bid button will be deactivated so you don't accidentally bid against yourself. You don't need to bid again unless someone outbids you. If they do, the message "Outbid – Bid Again" will appear on your screen. If you're interested in bidding at the new ask price, just click your bid button again.
If your bid was unsuccessful, you might see one of these messages:
- Too late – when someone places an equal bid before you
- Bid rejected – when your bid is deemed invalid by the auctioneer
- Auctioneer backed up – you are not the highest bidder
Sold to You!
When no more bids are offered, the auctioneer will announce that an item has been "sold!" If you were the highest bidder, a message saying "Sold to You!" will appear on your screen. Congratulations! You are the new owner of that lot.