Ritchie Bros. is very strict with their policies. If you are selling several major items(I think 5 or more)they can offer you a guaranteed minimum. Other than that they let the buyers decide the price and DON'T let buyers bid or buy back their equipment. Yes, a lot of times sellers were expecting to get a lot more but when you need to liquidate in a hurry, an auction is often the only option. Nobody advertises more than Ritchie Bros. and being the largest industrial auctioneers in the world, they work very hard to keep their reputation.
Dave Ritchie is mega rich. He purchased a huge yacht for around 100 million to go on a world cruise. He liked it so much he kept it a couple more years. Last year he sold it at an unreserved auction and it wasn't even close to what they thought it would bring. His cruise ended up costing him about $40,000,000! Despite the fact he could have sold it privately, he is a firm believer in letting the buyers decide what they want to pay. He'd be a bigot if he didn't believe in his own policies.
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Today's Featured Article - Hydraulics - Cylinder Anatomy - by Curtis von Fange. Let’s make one more addition to our series on hydraulics. I’ve noticed a few questions in the comment section that could pertain to hydraulic cylinders so I thought we could take a short look at this real workhorse of the circuit. Cylinders are the reason for the hydraulic circuit. They take the fluid power delivered from the pump and magically change it into mechanical power. There are many types of cylinders that one might run across on a farm scenario. Each one could take a chapter in
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