Ritchie Bros. auctions trucks and heavy equipment, including unused and used equipment suitable for construction, farming, forestry, mining, material handling and other industries. Every auction is unreserved, meaning there are no minimum bids or reserve prices, and the item is sold to the highest bidder on the auction date. The equipment owner is forbidden from bidding on his own item to eliminate price manipulation.
Construction equipment under auction typically includes loaders, bulldozers, compactors, excavators and backhoes, among others. An extra offering by Ritchie Bros. is Parts Only and Inoperable machinery. Common construction brands in this collection include unused and late-model offerings from Caterpillar, Volvo, Case, John Deere, JCB, Komatsu and Bobcat, among others.
Transportation offerings usually include cargo vans, truck tractors, trailers and enclosed trailers from Volvo, Ford, Mercedes Benz and others. Agricultural equipment for auction typically includes farm tractors, grain handlers and livestock equipment from popular brands such as Massey Ferguson, John Deere, New Holland, International and others. Specialty equipment up for bid includes oil, gas, power and utility and mining machinery. Such items include trenchers, drills and cable plows from Freightliner, Altec, Custom Structures and Vermeer, among others.
For the live on-site auction, the equipment is driven on a ramp for viewing, while stationary and immovable items have designated viewing and bidding areas. Due to the large number of items at Ritchie Bros., auction sites feature demarcations, with either different auctioning times or simultaneous bidding in various sections. Online bidders bid from virtually anywhere in the world via an allocated user interface. However, the user must first create an account and ensure reliable Internet connection.