Ritchie Bros. launches Marketplace-E

After a soft launch in late 2017, Marketplace-E is being introduced by Ritchie Bros. as its latest buying and selling solution. Complementing the company’s onsite unreserved auctions and online-only auctions through IronPlanet, Marketplace-E offers sellers increased control over price, location and timing, while providing buyers access to more equipment available to purchase right away.

“With the launch of Marketplace-E we can now serve customers as a true one-stop shop, with a complete suite of selling solutions to meet every need,” said Ravi Saligram, CEO of Ritchie Bros. “We have many customers who, for a variety of reasons, need more control over the selling price and process of their assets. With Marketplace-E they will get the control they need while still benefiting from Ritchie Bros.’ marketing and expansive global buyer network.”

Marketplace-E provides three selling options:

• Make Offer: List equipment online and let potential buyers submit offers, then negotiate with potential buyers to reach an agreement.
• Buy Now: List equipment online at a fixed, buy-it-now price; like a basic ecommerce transaction. Once the item is purchased, the listing is closed.
• Reserve Price: An online listing with a minimum/reserve price. The item will not sell until the reserve is met. The seller minimum is protected, but the potential highest selling price is not capped.

Ritchie Bros. will also be hosting a webinar on April 9, hosted by Matt Ackley, Ritchie Bros.’ Senior Vice President, Product Management & Digital Marketing. The webinar will walk participants through Marketplace-E. 

Click the following link to register for the webinar: https://attendee.gotowebinar.com/register/4182225962363758339