Omaha, NE – August 10, 2015 – Proxibid (www.proxibid.com), the most trusted online Marketplace for buying and selling highly valued items, today announced results for the second quarter, ending June 30, 2015. Driven by increases in the number of events, online sales and revenue, Proxibid experienced a 99 percent increase in GMV (Gross Merchandise Value) in the second quarter of 2015 over GMV recorded in the second quarter of 2014. Revenue increased nearly 11 percent in the second quarter over the same period in 2014. Growth in the heavy construction equipment, industrial machinery, and collector car categories again spearheaded the strong results reported this quarter.
“The second quarter was very strong for Proxibid,” stated Ryan Downs, President and CEO of Proxibid. “We continue to focus on our core business as an area of strength, adding more brand-name clients to our roster. At the same time, we continue to attract large asset owners seeking new methods for liquidating inventory faster while achieve the highest return for their investments. Proxibid’s UK business remains strong as we added several new sellers to the Marketplace―both auction-based and direct sales―as we grow our foothold internationally.”
A strategic partnership with Express, powered by Enverto, announced in the second quarter, provides financing for equipment purchases made in the Proxibid Marketplace, is already generating excitement for buyers who want to extend their purchasing power. Additionally, power players like Euro Auctions USA, Alderfers, and H and H Classics Limited, new to the Marketplace, are bringing new buyers and high quality inventory across several categories.
“We have partnered with Proxibid because we believe buyers deserve an online experience that emulates the live auction,” said Brad Davis, of Rebel Auction Co., Inc. “Proxibid offers the most robust online platform in the industry, and provides an entire team to help support our business behind-the-scenes. Our partnership with Proxibid has enabled our company to grow from a regional business to an international company.”
Proxibid offers the most sophisticated risk management system in the industry, specifically designed to manage transactions for high value items like heavy construction equipment, industrial machinery, collector cars, antiques, real estate, and more. The company’s industry-low non-pay rate of 0.15 percent means sellers get paid at the end of their sales―something no other online provider can ensure. That, combined with the company’s robust online platform that ensures 99.99+ percent uptime, makes Proxibid the most trusted place to buy and sell highly valued items online.
“We have worked with other providers, but Proxibid is the only company in the industry to stand behind its risk management systems, ensuring we get paid at the end of our sales,” said Allen Henslin of Henslin Auctions, Inc. “Proxibid is a true partner, and works with our team to bring only qualified buyers to our sales, enabling our business to grow exponentially and helping us to reach international buyers.”
Proxibid provides auction companies and asset owners with access to the most trusted online Marketplace for buying and selling highly valued items. More than $3 billion in inventory passes through Proxibid’s Marketplace annually via live and timed auctions, as well as 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.