Ritchie Bros. Auction

[two_bit_score]

Anyone ever do business with Ritchie Bros. Auction? How did it work out? Are you a regular buyer there? Any experiences to share?

 

[D'oh]

I have bought a few pieces from them. Easy, straight forward, once you have set up a Line of Credit. Business Line of Credit.

Watch out for any "This Item is Shippable" Shipping is about 2-3 times the actual Cost of Shipping

 

[LittleBill21]

there is a guy on youtube, Diesel Creek, he seems to live there. it's an auction house nothing more, there is a reason it's there, and you need to be smart enough to know whether it's worth it, or a rip off.

 

[andre3k]

I like that you can go to yard and run the equipment before an auction. I wouldn't buy from a RB auction unless the item is new or I had a chance to view it beforehand. If you're in the TX/OK/KS/MO area I much prefer purple wave auctions.

 

[two_bit_score]

I like that you can go to yard and run the equipment before an auction. I wouldn't buy from a RB auction unless the item is new or I had a chance to view it beforehand. If you're in the TX/OK/KS/MO area I much prefer purple wave auctions.

I’ll check them out. Thanks!

 

[mikester]

One of the better auction houses

 

[two_bit_score]

One of the better auction houses

Thanks for that input.

 

[sheamus]

I remember going to farm auctions when I was a kid, and RB handled a lot of them, no technology other than a microphone and notebook. I have met a couple of the people who took them into the online arena... good, smart people.

For me, if you have RB yard near you it is worthwhile. But if you have to get it shipped it isn't. Plus most of the new stuff, you can find for similar prices. Even though they claim there are no floors/reserves, it always seems that the new stuff ends up selling pretty close to retail... probably not a coincidence.

Like everything, Pre-Covid the deal were pretty good on there. My brother bought a lot of three new grapple buckets for is Bobcat for $1000CAD about 5 years ago (by accident, he thought he was buying 1). But I rarely see a good deal for new stuff. I haven't really bid on used stuff, as the yard near me rarely has anything of interest.

I believe they own Iron Planet and a few others too. They are definitely legit, but YMMV.

 

[two_bit_score]

I remember going to farm auctions when I was a kid, and RB handled a lot of them, no technology other than a microphone and notebook. I have met a couple of the people who took them into the online arena... good, smart people.

For me, if you have RB yard near you it is worthwhile. But if you have to get it shipped it isn't. Plus most of the new stuff, you can find for similar prices. Even though they claim there are no floors/reserves, it always seems that the new stuff ends up selling pretty close to retail... probably not a coincidence.

Like everything, Pre-Covid the deal were pretty good on there. My brother bought a lot of three new grapple buckets for is Bobcat for $1000CAD about 5 years ago (by accident, he thought he was buying 1). But I rarely see a good deal for new stuff. I haven't really bid on used stuff, as the yard near me rarely has anything of interest.

I believe they own Iron Planet and a few others too. They are definitely legit, but YMMV.

I appreciate that perspective.

 

[Lineman North Florida]

A lot of auction houses with internet bidding have in-house people bidding to drive the price up, often times you will catch them and you will see the internet bid go one to many times and after going once twice three times it will drop back down to the last highest bid and while it might be seen by some to be okay, I think it's a little under-handed.

 

[two_bit_score]

A lot of auction houses with internet bidding have in-house people bidding to drive the price up, often times you will catch them and you will see the internet bid go one to many times and after going once twice three times it will drop back down to the last highest bid and while it might be seen by some to be okay, I think it's a little under-handed.

That is something to watch out for certianly!