Proxibid Sets Record, Logging Nearly $10.5 Million In Online Auctions In One Month

Proxibid, a Nebraska-based firm that provides auction houses with a method for broadcasting live auctions in real time via the Internet, set a new record for online sales in a single month. The firm logged nearly $10.5 million in sales for March, hosting 146 auctions and facilitating bids for around 11,500 registered bidders.

“What was pleasing was the fact that it was a blow-out month across the board, from start to finish,” said Bruce Hoberman, CEO of Proxibid. “We just sold the heck out of everything.” Proxibid hosted 52 antiques and collectibles auctions, 16 real estate sales and 46 heavy equipment auctions. The rest were for vehicles and industrial-commercial.

With that many bidders and that much money changing hands, it isn’t surprising some wild and wonderful lots found new owners. A house in the Bahamas, for example, sold for $660,000 in a single-lot sale. “The live auction was held in a ballroom in Dania, Fla.,” Hoberman said, “but it was an online bidder who came away with the prize.”

Proxibid also participated in the largest ski condominium auction of its kind, ever, with the sale of 237 fractional-share units and 35 whole ownership condominiums at Steamboat Grand Resort Hotel & Condominiums in Steamboat Springs, Colo. Nearly 25 percent sell-through, involving nearly 200 bidders, was achieved in a single day.

“That sale proved that the world of real estate and timeshares has truly entered the computer age,” Hoberman said. “And the same can be said of antiques and collectibles. More than a third of the March auctions were from the antiques and collectibles category. There’s a trend here, and I believe it will continue in our favor.”

In other highlights from March:

•Meares Auction Group, in Pelzer, S.C., hosted a two-day coin auction that produced online sell-through of 76%.

•Mike Graham Auctioneers, in Marlow, Okla., sold over $800,000 online in its first ever Internet auction.

•Saxonville Auction Services, in Farmington, Mass., held two antiques and collectibles auctions for the month and had sell-through online of 80%.

•Biditbob Auctions, in Scottsbluff, Neb., held four antiques and collectibles auctions for the month and had sell-through online of better than 55%.

•Cannon Auction Service, in Palo, Iowa, held a coin auction and had sell-through online of more than 80%.
Proxibid (www.proxibid.com) is a premier provider of live Internet auction broadcasting services. The firm handles marketing and advertising for hundreds of auction houses in the United States, Canada and the United Kingdom.

The Proxibid service allows bidders to see, hear and participate in live auctions from the comfort of their home or office, via the Internet. Their live bidding service is connected to a powerful auction portal, where auction companies can post their catalogs for bidders to browse and search.

As a leading pioneer of live Internet bidding technology, Proxibid continues to dominate the marketplace by offering an unparalleled level of service and support for their customers. To learn more, you may call Proxibid at (402) 505-7770.