Auction Information

How to Bid | Registration Information | Terms and Conditions | Local Representative

Vancouver Auction Location: Fraser Room, River Rock Casino Resort (8811 River Road), Richmond.
Registration opens at 4:00 pm (PT)
Auction starts at 6:00 pm (PT)

Edmonton Simulcast Location: 1500 Sparrow Drive, Nisku
Properties sell at 7:00 pm (MT)

The auction is open to the public and this property will be sold to the highest bidder on sale day. There are no minimum bids or reserve prices – it's a great opportunity to buy real estate.

How to Bid

Four ways to bid at the real estate auction

Attend the Vancouver auction in person at the River Rock Casino Resort, Richmond (8811 River Road)
Attend the simulcast at our Edmonton site located at 1500 Sparrow Drive, Nisku
Bid online using the rbauctionBid-Live service. You'll be able to bid in real time over the Internet, while you are watching the live auction take place on your computer. When bidding online, refundable deposits need to be paid ahead of time. Please register at least two days in advance to bid live and online from your home or office, or
Place a proxy bid. Ritchie Bros. Auctioneers will bid during the auction on your behalf, up to and including the maximum bid you have given. Please give ample notice if you are wishing to place a proxy bid. Refundable deposits are required ahead of time.

Registration Information

In order to bid on items you must register and receive a sale day catalogue. Registration will be available on auction day. There is no charge for registration.

All bidders are required to provide:

If bidding in person, please bring satisfactory photo identification (identity card, driver's license or passport).
Unless you have made prior arrangements with Ritchie Bros. Auctioneers, all international buyers are required to place a CAD$10,000 deposit by cash, bank guarantee or cashier's cheque.
If bidding online, visit rbauctionBid. Refundable deposits need to be paid ahead of time. Please register at least two days in advance to bid live and online from your home or office.

Terms and Conditions

The following terms and conditions form an integral part of the Terms of Bidding and Sale. Should these terms disagree with the Terms of Bidding and Sale stated on the reverse of the Bidder’s Registration Agreement and on the inside cover of the Listing Catalogue, these terms shall supercede those stated terms and will apply to all sales of Real Property and to sales of Real Property alone.

UNRESERVED AUCTION. The Property shall be sold to the highest bidder regardless of price at unreserved public auction. The sale shall not be subject to any minimum bid or reserve price.
AGREEMENT OF PURCHASE AND SALE. The purchaser shall execute an Agreement of Purchase and Sale, in the form provided by the Auctioneer, without modification, immediately after being declared the high bidder.
DEPOSIT. The purchaser shall submit a NON-REFUNDABLE Deposit to the appointed Escrow Agent in the amount of 25% of the Purchase Price immediately after being declared the high bidder. The balance of the Purchase Price shall be paid at or before Closing.
CLOSING. Completion and closing of all real estate transactions will be handled by a qualified Escrow Agent appointed by the Seller and the Auctioneer. Closing will take place on the date that is 30 days after the date of the auction, or such other date as may be mutually agreed by the parties.
ESCROW AGENT. All deposit, earnest and purchase monies in respect of the Property shall be paid to and deposited with the appointed Escrow Agent.
POSSESSION. Purchaser will receive vacant possession on the date of Closing.
CASH SALE. This is a cash sale and is not contingent on purchaser's ability to obtain financing.
AS-IS SALE. The Purchaser shall accept the Property in an “as-is” condition as of the closing date and the Purchaser specifically agrees that neither the Seller nor the Auctioneer makes any representations or warranties of any kind whatsoever, expressed or implied, to the Purchaser as to the condition or fitness of the Property, environmental or otherwise, or any improvements thereon. All descriptions, measurements and acreage provided by the Seller and the Auctioneer are to be used as a guide only. The Purchaser shall have satisfied himself as to the location and condition of the Property, and all descriptions with respect thereto, prior to bidding.
AGENT OF SELLER. The Auctioneer is acting as an agent of the Seller only, and not as an agent of the Purchaser or a dual agent.
TAXES. Applicable Federal or Provincial taxes must be paid by the Purchaser in addition to the purchase price.
PERSONAL PROPERTY. No personal property shall be conveyed with the Property unless specifically included in the purchase agreement.

Local Representative

For more information contact:

Ellen Engelsbel
Territory Manager – Real Estate Auction Division
Ritchie Bros. Auctioneers
Phone: 604.273.7564
Email: eengelsbel@rbauction.com

Ritchie Bros. Real Estate Services Ltd., BC License #X028512