Established in 1958 in Canada, Ritchie Bros. Auctioneers operates
through over 110 locations throughout North and South
America, Europe, Asia, Australia, Africa and the Middle
East. The company sells, through 
unreserved
auctions, a broad range of used industrial equipment including
equipment utilised in the construction, transportation,
mining, forestry, petroleum, marine and agricultural industries.
Ritchie Bros. is a public company; its common shares trade
on both the New York and Toronto stock exchanges under
the ticker symbol RBA.
BUSINESS MODEL
The business of Ritchie Bros. is quite simple: the company
provides a global marketplace for sellers and buyers of industrial
equipment. All the company's auctions are unreserved.
Unreserved simply means that all units are sold to the
highest bidder without reserve prices, minimum bids, or
buy-backs. It's an environment that both buyers and sellers
benefit from. 
An
open and transparent bidding environment attracts more
and more buyers to the auction. And this in turn, attracts
more and more sellers.
Ritchie Bros. works with many equipment sellers worldwide. Last year, the company conducted over 140 auctions through its network of auction facilities in eight countries, in addition to numerous other locations.
ONLINE RESOURCES
The company's website at serves as an extension of the business - customers can search the current auction inventory and auction results from the past 24 months, place online consignments and bids, view internet broadcasts of selected auctions and find contact information for their local offices and representatives.
Most Ritchie Bros. auctions are broadcast online. So,
if buyers can't make it to the auction, they can still
participate live and in 
real
time over the internet with the rbauctionBid-Live service.
Viewers and bidders can see an image of the equipment
as it sells, hear the auctioneer call out bids and place
bids over the internet, live and in real-time.
QUICK AND EASY
Ritchie Bros. auctions are known for the ramp method, where customers are able to sit in a covered auction theatre while the mobile equipment is sold as it is driven over the ramp. Once the bidding has started, the sale price increases until there are no new bids. The auctioneer announces the item as SOLD. Then, the successful buyer holds up his number to identify himself, and the process begins all over again.Bidders can inspect the trucks and equipment at all auction facilities before the sale. All items are organised in a logical fashion for easy viewing and comparison. Customers can conveniently access third-party services at the auction such as transportation, financing, catering and customs brokers.
MIDDLE EAST OPERATIONS
Ritchie Bros. commenced operations in Dubai, United Arab
Emirates in October 1997 when the company conducted its
first auction in the Middle East. 
Since
then, several company auctions have been held in Dubai,
including one in late 1998 which totaled over US$35 million
in gross auction sales. Today the company holds four multi-day
auctions in Dubai each year.
Ritchie Bros. Auctioneers Middle East sold 2,245 lots of equipment and trucks during
the auction on December 14th, 15th and 16th, 2015. A total of 940+ bidders
registered from over 65 countries.
Some of the highlights of the auction included:
• A 2013 Caterpillar 14M motor grader that sold for US$220,000
• A 2005 Komatsu D155A-2 crawler tractor that sold for US$112,500
• A 2011 Komatsu PC400LC-8 hydraulic excavator that sold for US$116,000
• A 2009 Tadano ATF-110G-5 all terrain crane that sold for US$345,000
• A 2011 Mercedes-Benz Actros 4141 concrete pump truck that sold for
US$157,500
• A 2011 Caterpillar 988H wheel loader that sold for US$240,000
CONTINUOUS GROWTH
Ritchie Bros. did not become the world's leading auctioneer overnight. Only through many years of auction experience has the company come to define a first-class industrial auction. Continuous growth around the world allows the company to broaden its scope and services. A steadfast commitment to quality service and the unreserved auction process has enabled Ritchie Bros. earn an exceptional reputation. nveniently access third-party services at the auction such as transportation, financing , catering and customs brokers.
MIDDLE EAST OPERATIONS
Ritchie Bros. commenced operations in Dubai, United Arab Emirates in October 1997 when the company conducted its first auction in the Middle East. Since then, several company auctions have been held in Dubai. Today the company holds four multi-day auctions in Dubai each year.
