Ritchie Bros. Auctioneers - Unreserved Financial Distress Auctions

Services

Ritchie Bros. sells more used heavy equipment and trucks than any other company in the world. With the marketing ability to reach a worldwide audience, auction sites in 10 countries, customers around the globe and an extensive schedule of unreserved public auctions, Ritchie Bros. is your reliable business partner. We take care of all the details, allowing you to focus on your business.

As a full-service, turnkey marketing and auction company, Ritchie Bros. is able to minimize your expenditure of time, effort and money while maximizing the recovery from the sale of assets. Services from Ritchie Bros. include:

Ritchie Bros. Auctioneers - Unreserved Financial Distress Auction
  • Locating equipment
  • Arranging transportation to one of 37 secure auction sites
  • Valuation and appraisal
  • Equipment storage prior to auction
  • Refurbishing and pre-sale preparation
  • Marketing equipment to the world
  • Conducting unreserved public auctions
  • Handling collections when auction is complete

Many Ritchie Bros. customers take advantage of our refurbishing services. A small amount of work will often significantly increase the price realized at auction. We are able to recommend and perform refurbishing work that will improve the net return on assets.

Post-sale details

Payment is made to consignors within 21 days of an auction. Ritchie Bros. handles title transfers, collects all applicable taxes from buyers at the time of sale, remits them to the appropriate authorities and handles the numerous other details that may arise during the sale process. Ritchie Bros. also provides consignors with a detailed sale breakdown following the auction(s).

Learn more about auction services from Ritchie Bros.

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