To register for Ritchie Bros. live auctions, create a free account on the website, and activate the online bidding feature. To register for a specific auction, view the site's calendar, and choose the auction you wish to join.Continue Reading
Before bidding on a Ritchie Bros. auction, you must place a deposit of 25 percent of the maximum bidding limit or planned spending amount. On the day of the auction, sign into the account, and choose the Bid Now option on the calendar. After agreeing to the terms and conditions, you can begin bidding on active auctions.
An auction begins when the auctioneer introduces each lot and asks for bids. The bidding continues via video until there are no other bids. The current high bid and ask price appear on the computer screen, and these numbers update in real time so that bidders always know where the bids stand. Items on the site appear based on the lot number, so if you are looking for a certain lot, it is best to know the lot number and prepare for the bidding before it begins.
After making a bid, a confirmation appears on the screen, and the bid button is temporarily unavailable. If you are outbid, a message appears on the screen, and the bidding continues. An invoice is available via email immediately after you win an auction. After paying the invoice, you can receive the item.Learn more about Industries