“Twenty-five years ago we conducted our first European auction in Liverpool and have since seen a growing participation of buyers and sellers from the UK and Ireland at our auction sites around the world,” said Guylain Turgeon, managing director EMEA, Ritchie Bros. Auctioneers, in a written statement. “Over the years, we have continued to innovate to enhance our auction method, making it easier for people to exchange industrial and agricultural equipment. With live online and on-site bidding, the equipment seller is now closer than ever to the global market. We are excited to be opening our new auction site to further enhance our services for our U.K. customers.”

Ritchie Bros.’ first ever European auction was held in Liverpool in 1987. Equipment and trucks sold at this auction had been used to rebuild the Falklands Islands after the war. Throughout the years, Ritchie Bros. has conducted many auctions in the United Kingdom.

Today, Ritchie Bros. has 43 auction sites around the world, including six sites in Europe, where industrial auctions are frequently held. The Company’s auctions are open to the public and registering to bid is free. The auctions are unreserved, which means every item is sold on auction day to the highest bidder without minimum bids or reserve prices.