How to Bid Online in Ritchie Bros Timed Auctions

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Find out how to bid online in Ritchie Bros Timed Auctions. Online Timed Auctions offer an easy, convenient way to buy and sell machinery online: https://bit.ly/2XmpITI. • At Ritchie Bros., online timed auctions you can bid via our website from your home or office computer, your mobile device, or at kiosks at our ritchie brothers auction sites. #onlinebidding • • ▬ Contents of this Video ▬▬▬▬▬▬▬▬▬▬ • 00:00 Intro • 00:21 What are Automated Timed Auctions • 01:00 How to Bid in Online Timed Auctions • 02:07 Ways to Bid in Time Auctions • ▬ About Online Timed Auctions ▬▬▬▬▬▬▬▬▬▬ • At some auctions we sell equipment attachments, consumer goods and other smaller items in an online Timed Auction, with no auctioneer. Bidding opens a few days before the live auction and closes at staggered times during the auction. Every item is sold to the highest bidder when bidding closes. #timedauction #automatedtimedauction • Check our website, the auction brochure or your auction day listing catalog to find out if items are being sold by Timed Auction. Placing bids in our Timed Auctions is easy. • Register to bid online here: https://bit.ly/3k5x7kf • • How to bid in our Online Timed Auctions: • 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. If you register at the auction site you will receive a Timed Auction PIN card with your listing catalog; use this PIN to access the online Timed Auction. • When bidding opens, sign in to the Timed Auction system and place your bids using the self-serve kiosks at the auction site or at rbauction.com (using your computer, tablet or mobile device). • Every item being sold in the Timed Auction is listed. To find specific items or narrow your search: • Type in the specific lot number or lot range • Filter the list by status (All Lots, Sold Lots, Upcoming Lots) • Find a certain type of item using the category dropdown (e.g. Pressure Washers) • Search by keyword (e.g. Honda) • Sort by price or closing time • Item overview • You will see an overview of the bidding on each item under All Listings, including when bidding closes and how much time is left, the current high bid and the bidder number of the high bidder. You can place your bids using the Quick Bid and Maximum Bid buttons, add the item to My Selections, see more photos or click on the lot description to view the bidding history. • Maximum Bid • To place a Maximum Bid, enter the amount you are willing to bid up to in the empty box, then click Maximum Bid. The system will put you in at the lowest bid possible and then bid for you, up to and including the amount you specify. Your Maximum Bid will be kept secret, and the system will only raise your bid if someone outbids you. • Quick Bid • You can click the Quick Bid button to place a bid at the next highest increment. Note: you may be outbid right away, especially if someone has already placed a higher Maximum Bid. Tip: save time by placing a Maximum Bid. The system will bid for you, so you don't have to stay online. • New! Time Extensions offer more time to bid • When time is running out on an item, any new bids placed will cause additional time to be added to the closing time of the lot. This gives you an opportunity to react and place another bid before the lot is sold. • My Selections • When you place a bid on an item or click Add to My Selections, it will be listed in this section. This is an easy way to find out if you're still the high bidder on an item or if something was sold to you. Note: make sure you set the filter to All Lots or Sold Lots if you're looking for an item that's been sold. • ▬ About Ritchie Bros ▬▬▬▬▬▬▬▬▬▬ • #RitchieBros is a global asset management and disposition company, offering customers end-to-end solutions for buying and selling used heavy equipment, trucks and other assets. • Our selling channels include: Ritchie Bros. Auctioneers, the world’s largest industrial auctioneer offers live auction events with online bidding; IronPlanet, an online marketplace with featured weekly auctions and providing its exclusive IronClad Assurance® equipment condition certification; Marketplace E, an online marketplace offering multiple price and timing options; Mascus, a leading European online equipment listing service; and Ritchie Bros. Private Treaty, offering privately negotiated sales. #ritchiebrosauction • ▬ More Videos ▬▬▬▬▬▬▬▬▬▬▬▬ • Subscribe to @RitchieBros: t.ly/4Ezk • All RitchieBros videos: t.ly/0Pag • ▬ Social Media ▬▬▬▬▬▬▬▬▬▬▬▬ • ► Facebook: / ritchiebros • ► Twitter: / ritchiebros • ► Instagram: / ritchiebros • ► LinkedIn: / ritchie-bros • ► Website: https://www.rbauction.com/

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