As the world's largest industrial auctioneer, Ritchie Bros. offers the best solution for financial distress professionals looking to sell equipment assets – quickly, efficiently and for global market value.
As the world's largest industrial auctioneer, Ritchie Bros. offers the best solution for financial distress professionals looking to sell equipment assets – quickly, efficiently and for global market value.
As the world's largest industrial auctioneer, Ritchie Bros. offers the best solution for financial distress professionals looking to sell equipment assets – quickly, efficiently and for global market value.
As the world's largest industrial auctioneer, Ritchie Bros. offers the best solution for financial distress professionals looking to sell equipment assets – quickly, efficiently and for global market value.
As the world's largest industrial auctioneer, Ritchie Bros. offers the best solution for financial distress professionals looking to sell equipment assets – quickly, efficiently and for global market value.
Ritchie Bros. has extensive experience working with financial distress professionals, and is able to dispose of industrial and transportation assets at any point up to and including bankruptcy. We are the clear choice when it comes to remarketing and selling these types of assets, for several reasons:
- Turnkey asset disposition
Ritchie Bros. manages every step of the asset disposition process, all the way through to collecting sale proceeds and disbursing payment. We do this quickly and conveniently, allowing you to focus on your primary business.
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Certainty of sale
Ritchie Bros. auctions are unreserved, meaning there are no minimum bids or reserve prices on anything. Everything sells to the highest bidder on auction day. This certainty of sale makes it possible to plan an orderly, predictable disposition.
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Commercially reasonable
A fair and commercially reasonable sale of assets is crucial in order to safeguard all parties. Numerous court decisions have affirmed that all Ritchie Bros. auctions meet or exceed the standards for commercial reasonableness.
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Flexible contract options
Ritchie Bros. is able to offer flexible contract options tailored to each consignor's sale objectives and risk tolerance. These include a gross guarantee or outright purchase; we are also able to offer an advance against future proceeds. Standard payment terms are 21 days after an auction.
Contact a member of our Financial Distress group for more information about asset disposition solutions from Ritchie Bros.
Contact Us
Contact a member of our Financial Distress group for more information about asset disposition solutions from Ritchie Bros.
Find Out More
- The benefits of selling through Ritchie Bros.
- Our auction process
- Our company
What Our Customers Say
Service, relationships, confidence, trust. Find out why so many people choose Ritchie Bros. when it’s time to sell.