Established in 1958, Ritchie Bros. has grown into the world's largest industrial equipment auctioneer. Ritchie Bros. has more than 110 locations in more than 25 countries, and last year conducted 175-plus unreserved industrial auctions worldwide with total gross auction sales of $2.7 billion. The company's auctions are completely unreserved — meaning every item sells to the highest bidder on auction day, regardless of price. Interested buyers are able to bid on equipment in most auctions, either in person, by proxy bid, or over the Internet live and in real time using the www.rbauctionBid-Live.com service.