Europe: Bid Deposit and Payment Information
Registration
Registration to bid is free of charge, whether you are bidding in person, online or by proxy. You may be required to pay a refundable bid deposit.
Bid Deposits
On-site bidders: Unless you have made prior arrangements with Ritchie Bros., you must place a refundable deposit equaling 25% of the total expected purchases or €10,000, whichever is higher.
Online bidders: Depending on your bidding history, you may be required to place a refundable bid deposit of 25% or €10,000, whichever is greater, when you register to bid.
Bid Deposit Methods
| Wire transfer | Credit card (Visa, MasterCard)* | Certified/ cashier's/ bank check | Bank letter of guarantee |
Domestic bidder | ✔ | ✔ | ✔(Italy will only accept certified checks) | ✔ (except Italy) |
International bidder | ✔ | ✔ | ✔ (except Italy) | ✔ (except Italy) |
Online bidder | ✔ | ✔ |
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* Place a bid deposit by credit or view wire transfer deposit information.
Payment Terms
All payments must be made in Euros (€).
Cash payments will not be accepted. Please only pay from the same account from which you made the purchase.
Each purchased Lot will be subject to a transaction fee of: (a) 15% on all Lots selling for EURO 5,000 or less, with a minimum fee of EURO 100 per Lot, (b) 10% on all Lots selling for over EURO 5,000 up to and including EURO 12,000, with a minimum fee of EURO 750 per Lot, (c) 4.85% on all Lots selling for over EURO 12,000 up to EURO 75,000, with a minimum fee of EURO 1,200 per Lot or, (d) EURO 3,638 on all Lots selling for over EURO 75,000.
Lots must be paid in full within seven (7) days of the end of the auction.
NOTE: Purchases cannot be removed from the auction site or collected until paid for in full. If paid for with non-certified funds, items will not be released until non-certified funds clear our bank. This policy will be strictly enforced.
Payment Methods
| Wire transfer | Credit card (Visa, MasterCard)* | Certified/ cashier's/ bank check |
Domestic bidder | ✔ | ✔ | ✔ (Italy will only accept certified checks) |
International bidder | ✔ | ✔ | ✔ (Italy will only accept certified checks) |
Online bidder | ✔ | ✔ |
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* Make a payment by credit card or view wire transfer payment information.
Additional Notes
The Compendium of Ethical Obligations of public auction houses, approved by the Order of 21 February 2012, applies to Voluntary Sales Operators ("Opérateur de Ventes Volontaires"). This code of conduct is available by written request.
A written appeal may be sent to the Government Commissioner to the French Auction Market Authority to formulate a claim which may propose an amicable solution to disputes (claims may be submitted by e-mail via www.conseildesventes.fr).