Registration

  • Registration to bid is free of charge, whether you are bidding in person, online or by proxy. You may be required to pay a refundable bid deposit.

Bid Deposits

  • On-site bidders: Unless you have made prior arrangements with Ritchie Bros., you must place a refundable deposit equaling 25% of the total expected purchases or US$10,000, whichever is higher.
  • Online bidders: Depending on your bidding history, you may be required to place a refundable 25% bid deposit when you register to bid.

Accepted Bid Deposit Methods

  Wire transfer Credit card (Visa, MasterCard)* Cash Certified/ cashier's/ bank check Personal/ company checks Bank letter of guarantee
Domestic bidder X X   X    
International bidder X X   X    
Online bidder X X*        

We do not accept cash.

* Place your deposit by credit card using our Online Payment Service. A hold will be placed on your credit card. Find out more.

Payment Terms

  • All payments must be made in United States dollars.
  • A 2.5% administrative fee will be charged on lots selling for more than US$2,500, up to a maximum of US$950 per lot
  • A 10% administrative fee will be charged on lots selling for US$2,500 or less
  • Lots must be paid in full within seven (7) of the end of the auction.
  • NOTE: Purchases cannot be removed from the auction site or collected until paid for in full. If paid for with non-certified funds, items will not be released until non-certified funds clear our bank. This policy will be strictly enforced.

Accepted Payment Methods

  Wire transfer Credit card (Visa, MasterCard)* Cash Certified/ cashier's/ bank check Personal/ company checks
Domestic bidder X X   X  
International bidder X X   X  
Online bidder X X      

We do not accept cash.

Wire Transfer Information

International bidders:
Intermediary Bank
CITIBANK NEW YORK, N.Y.
SWIFT CITIUS33
ABA 021000089
Beneficiary Bank
BANCO GENERAL, S.A. – PANAMA
SWIFT BAGEPAPA
Credit to Ritchie Bros. Auctioneers (Panama) S.A.
Account No. 0301010603450

Domestic bidders:
BANCO GENERAL, S.A. – PANAMA
Ritchie Bros. Auctioneers (Panama) S.A.
Account No. 0301010603450

Include your bidder number and auction location with your transfer. Send wire transfer slips to panama@rbauction.com prior to the auction.

Payments must be made in the currency of the auction (see above). To place a deposit in your preferred currency, click here for a list of other wire transfer account options.