Ritchie Bros. Auctioneers at a glance.
Ritchie Bros. is the world's largest industrial auctioneer. From humble beginnings we've grown to serve equipment buyers and sellers all over the world. How? By staying focused on great customer service and our commitment to unreserved public auctions.
Who we are
- The world's largest industrial auctioneer
- Established 1958 in Kelowna, BC, Canada
- More than 1,400 full-time employees worldwide
- Solution provided by Ritchie Bros. (NYSE and TSX: RBA), the world's largest seller of used equipment
What we do
We conduct live, unreserved public auctions with both on-site and online bidding, selling a wide range of used and unused equipment for:
- Construction
- Mining
- Transportation
- Agriculture
- Oil & gas
- Lifting & material handling
- Forestry & other industries
How we do it
Every Ritchie Bros. auction is unreserved. That means there are no minimum bids or reserve prices; every item is sold to the highest bidder on auction day. And we forbid owners from bidding on their own items. That means there's no artificial price manipulation at our auctions – buyers set the prices, not sellers.
How much we sell
Worldwide in 2013:
- 356 unreserved industrial and agricultural auctions
- US $3.8B+ of equipment, trucks and other assets sold
At 245 unreserved industrial auctions in 2013:
- 425,000+ bidder registrations
- 104,550+ buyers
- 43,550+ consignments
- 301,000+ lots sold
At an average industrial auction in 2013:
- 1,230 lots
- 180 sellers
- 1,740 on-site and online bidders
- US $14.3 million of equipment
Online at rbauction.com in 2013:
- 6.3 million unique visitors
- 14.7+ million website views
- US$1.4 billion of equipment sold
Where we operate
- Headquartered in Vancouver, BC, Canada
- USA head office in Lincoln, NE; European head office in Breda, the Netherlands
- More than 40 auction sites in North America, Europe, the Middle East, Asia and Australia
- Online at rbauction.com, our 21-language website