Omaha, NE—August 17, 2016—Proxibid, the world’s most trusted way to connect buyers and sellers of highly valued items, today announced results for the second quarter, ending June 30, 2016. Fueled by an increase in buyers and online sales, growth for the company remains strong, with 27 percent more buyers participating in the Proxibid Marketplace and double digit growth in online sales in Q2 2016 over Q2 2015. The introduction of key partnerships with Barrett-Jackson, John Deere, and The Finest Automobile Auctions, as well as continued growth in the heavy construction equipment and industrial machinery categories, also contributed to the company’s successful second quarter.
“Increases in buyer confidence, as well as our team’s ability to attract high quality inventory into the Marketplace, resulted in robust growth in the second quarter,” said Ryan Downs, President and CEO of Proxibid. “Online sales continue to grow despite instability in the economy, further illustrating the power of the Proxibid Marketplace as the most trusted way for buyers and sellers to transact online.”
Key partners like Barrett-Jackson and The Finest Automobile Auctions held their first live auctions on Proxibid in the second quarter. Additionally, a syndication agreement announced with John Deere in May has brought on more than 17 dealers in 200 locations, with approximately 6,000 items listed for sale in the Proxibid Marketplace as well as on eBay through a partnership announced in 2015.
“Since 2011, Proxibid has provided a trusted online buying environment for bidders who cannot attend our auctions in person,” said Mike Guinn of Guinn Auction Company, Inc. “Our partnership with Proxibid has allowed Guinn Auction Company to transition from a local auction house to an international company, attracting customers from across the globe. We look forward to continued partnership with Proxibid as we grow our business.”
More than 3,300 sellers and buyers from 190 countries trust Proxibid’s Marketplace when liquidating or acquiring highly valued items. Only Proxibid offers bank-quality risk management systems to keep buyers and sellers safe when transacting online, and a 0.15 percent non-pay rate no other provider can match. That, combined with Proxibid’s robust online platform, which ensures 99.9+ percent uptime, makes it the safest place to buy and sell heavy construction equipment, industrial machinery, collector cars, antiques, real estate, and more.
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About Proxibid
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.
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