Omaha, NE—July 25, 2017—Proxibid, the most trusted way to connect buyers and sellers of highly valued items, today announced that J.J. Kane Auctioneers’ timed, online only auction of power line, utility, and construction fleet equipment, which ended July 21, surpassed previous online sales records for timed auctions on Proxibid. Total sales for the auction topped $4.1M with nearly 850 online bidders participating, beating out Proxibid’s previous timed, online only auction with a 241 percent increase in online participants.
“Since adding a monthly timed, online only auction to our regular schedule in January of this year, we have steadily seen sales and participant numbers increase,” said Joe Kane, Founder and President of J.J. Kane Auctioneers. “We are also seeing a different buyer at our online only auctions than at our live sales as we continue to diversify inventory to reach a new buyer base.”
Proxibid has provided live online bidding services for J.J. Kane Auctioneers, the leading brand for selling used power line and utility equipment, since 2004. In 2017, J.J. Kane added timed, online only auctions to its repertoire to help increase its footprint in the secondary equipment market. J.J. Kane’s timed, online only auctions feature a broad selection of inventory from leading contractors, utilities, and government agencies located across the country.
“J.J. Kane continues to be a top seller on the Proxibid platform,” said Ryan Downs, President and CEO of Proxibid. “The high quality of inventory for sale, combined with J.J. Kane’s well-earned reputation as a trusted auction company keep bidders coming back time and again. As we continue to grow our partnership with J.J. Kane, we look forward to more opportunities to help grow its timed, online only auction business.”
Proxibid offers the industry’s most robust online bidding platform for both live and timed auctions. All purchases made via Proxibid are backed by the company’s sophisticated risk management system and integrated payment solution, designed specifically to facilitate high dollar transactions like the power and utility equipment sold in J.J. Kane auctions.
Proxibid provides auction companies and asset owners with access to the most trusted way to buy and sell highly valued items online. More than $4 billion in inventory passes through Proxibid’s Marketplace annually via live and timed auctions, and Buy Now and Make Offer capabilities, across 15 categories that include heavy equipment; industrial machinery; real estate; fine art; antiques and collectibles, and more.
Founded in 2001, Proxibid is headquartered in Omaha, NE with offices in South Sioux City, NE, and London. For more information about Proxibid, please visit www.proxibid.com.