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Ritchie Bros. Auctioneers was established in Kelowna, British Columbia, Canada, when the three Ritchie brothers – Ken, John and Dave Ritchie – took over the OK Used Furniture Store from their father in 1955. They entered the auction business in 1958.
After its construction, it was initially used by the Washington State Patrol as a licensing office, then used by the WSDOT as file storage, and finally as storage for surplus furniture. [8] Since 2018, it has been sealed shut by the WSDOT after being broken into, vandalized, and stripped for parts.
The company's headquarters were moved to Bellevue, Washington, in 1970 and expanded to Canada with a store in Vancouver that opened in 1980. [8] Ellison was the board chairman of Value Village/Savers until 2000; he died in 2008. [8] Berkshire Partners bought a 50% stake in the company in 2000. [10] Freeman Spogli & Co. became the majority owner ...
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