Ritchie Bros. Auctioneers, the world's largest on-site and online industrial auctioneer, reached and exceeded $5 billion of online equipment sales in the fourth quarter of 2011. Ritchie Bros. hit this significant milestone on Oct. 6, at an unreserved public auction at its auction site in Hartford, CT. Ritchie Bros. introduced its real-time online bidding service in March 2002 as an enhancement of the live auction experience. The usage of the service has grown steadily, and in April 2010 the company introduced online bidding in six additional languages.
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