Bid in a Timed Auction
Timed Auctions at Ritchie Bros. offer a convenient and transparent bidding experience. These auctions run without an auctioneer, allowing you to place bids at your own pace within the auction period.
Check our website, the auction brochure or your auction day listing catalog to find out if items are being sold by Timed Auction.
Register to bid in person or online
Register to bid either in person at the auction site or online. You may need to place a bid deposit equivalent to 25% of the amount you want to spend or your maximum bidding limit.When bidding opens, sign in to the Timed Auction system and place your bids using your computer, tablet or mobile device.
The Timed Auction System
Our Timed Auction system allows you to search or browse through a given auction's inventory through a list view. To the left of the auction search results, you may filter the results you see.
First, you may filter by sold status of the lots, next, you may filter by lots within the given sale that have been added to your watchlist, or lots within the given sale, on which you have previously placed a bid.
You may also filter by the type of asset category you're searching for (e.g. Pressure Washers)
You may also enter a specific keyword or lot number to filter for.
Sorting your results is also available in the upper right.
Closing time extensions
To promote fair bidding, any bid placed near the closing time will extend the lot’s closing time. This gives all bidders an equal opportunity to respond before the lot is sold.
Group lots
All lots within a group have similar characteristics and share closing times. When time is running out, any new bids placed on a lot within this group will cause additional time to be added to the closing time of all the lots. Grouped lots give bidders the opportunity to bid more strategically with fewer time constraints.
Bidding Increments
Bids follow a structured increment system, ensuring transparency in how bids progress.
Current Bid Range* | Bid Increment* |
|---|---|
0 - 99 | 5 |
100 - 249 | 10 |
250 - 499 | 25 |
500 - 999 | 50 |
1,000 - 2,499 | 100 |
2,500 - 9,999 | 250 |
10,000 - 24,999 | 500 |
25,000 - 149,999 | 1,000 |
150,000 - 299,999 | 2,500 |
300,000 - 999,999 | 5,000 |
1,000,000 & above | 10,000 |
Improving the Timed Auction experience
We are enhancing the Timed Auction experience by bringing bidding into the search feature. Additionally, we are integrating bidding functionality into the watchlist and adding a "placed bids" section within user accounts to make tracking bids easier.
Ready to bid?
Before placing a bid, ensure you have a bidding limit. Learn more about bidding limits.
Important information
Fees
A transaction fee applies per lot purchased, with additional charges for extra services. Buyer fees
Bidding & buying terms
All items sell to the highest bidder with no reserves. Bids are final. Owners cannot bid on their own items. Read full terms
Inspect before you bid
Items are sold "as is, where is." Check photos online or visit the site for in-person inspection. You may also send a representative.
By understanding these rules, you can confidently participate in our Timed Auctions and secure the items you need.