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

  • Onsite bidders: Unless you have made prior arrangements with Ritchie Bros., you must place a refundable deposit equaling 25% of the total expected purchases or RMB 50,000, whichever is higher.
  • Online bidders: Unless you have made prior arrangements with Ritchie Bros., you must place a refundable deposit equaling 25% of the total expected purchases or RMB 50,000, whichever is higher.

Bid Deposit Methods

 Wire transferCredit card (Visa, MasterCard)*Bank debit card
Domestic bidder (at auction site) 
Foreign bidder (at auction site)  
Domestic Online bidder  
Foreign Online bidder 
* Place a bid deposit by credit card or view wire transfer deposit information.

Payment Terms

  • All domestic payments must be made in China RMB.
  • Foreign payments may be made in USD, EUR, GBP, JPY, HKD and AUD in an equivalent to your China RMB purchases. Please note, all foreign exchange risk shall be borne by the purchaser.
  • Each purchased Lot will be subject to a transaction fee of:
        (a) 10% on all Lots selling for RMB 30,000 or less,
        (b) 3.85% on all Lots selling for over RMB 30,000 up to RMB 200,000, with a minimum fee of RMB 3,000 per Lot or,
        (c) RMB 7700 on all Lots selling for over RMB 200,000.
  • Lots must be paid in full within seven (7) days of the end of the auction.
  • NOTE: Purchases cannot be removed from the auction site until paid for in full. This policy will be strictly enforced.

Payment Methods

 Wire transfer*Bank debit card
Domestic buyer (at auction site)
Foreign buyer (at auction site) 
Domestic Online bidder 
Foreign Online bidder