Omaha, NE – April 23, 2014 – Proxibid (www.proxibid.com), the most trusted online Marketplace for buying and selling highly valued items, today announced that record-breaking results for the month of March helped the Company finish the first quarter with extraordinary results across the board. Online sell-through for the month of March increased 18 percent over March 2013. For the quarter, online sell-through was up nearly 11 percent year-over-year. GMV (Gross Merchandise Value) increased nearly 8 percent year-over-year for the month of March, and just over 14 percent for the quarter, as more sellers look to the Marketplace as an asset disposition solution. Revenue for the month of March was up nearly 19 percent, which represents the greatest year-over-year increase in company history.
“This quarter produced terrific results for Proxibid, and the month of March was particularly strong,” said Ryan Downs, President and CEO of Proxibid. “Auction companies continue to drive our core business. However, we are seeing an increase in business from large asset owners looking for new ways to sell their assets. We are also experiencing a great deal of interest from overseas customers – both buyers and sellers – as our business continues to expand.”
More buyers than ever before are flocking to the Proxibid Marketplace as evidenced by the nearly 37 percent increase in buyers year-over-year for the month, and 21 percent increase year-over-year for the quarter. Both business and consumer buyers rely on Proxibid as resource for shopping online for everything from art, antiques and collectibles to real estate and heavy construction equipment and everything in between.
“We have partnered with Proxibid because we believe in providing buyers with the best online experience possible,” said Zeb Seidel of Bar None Auction. “We have worked with other providers and in our experience, Proxibid provides the most comprehensive online solution and is the most vested in our overall success. Proxibid is a true partner in bringing our live auctions to buyers located across the globe.”
Proxibid provides the most trusted place to buy and sell highly valued items online. The Company offers the industry’s most comprehensive risk management system which is a sophisticated hybrid of proprietary technology, manual processes and third-party partnerships designed to ensure buyers and sellers are who they say they are and do what they say they are going to do.
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Proxibid provides asset owners of all sizes and buyers with access to the world’s most trusted online marketplace and selling solutions for excess inventory. More than $2 billion in inventory passes through Proxibid’s marketplace annually in product categories that include heavy equipment; commercial and industrial equipment; real estate; fine art, antiques and collectibles and more.
Founded in 2001, Proxibid is headquartered in Omaha, NE. For more information about Proxibid, please visit www.proxibid.com.