Omaha, NE – December 7, 2015 – Proxibid (www.proxibid.com), the most trusted online Marketplace for buying and selling highly valued items, was the exclusive provider of online bidding for a Cyber Monday firearms auction hosted by Meares Auction Group, a family owned auction house with more than 43 years of experience in estate sale, real estate and specialty collections.
While more than 100 buyers joined Meares Auction Group onsite in South Carolina, 655 online bidders participated in the auction online with Proxibid. Nearly 65 percent of total inventory in this sale sold online, representing 140 unique online winning buyers. More than 66 percent of all bids in this auction were placed by online bidders, who generated more than 58,000 online catalog views.
Featured items in this auction included a Colt Model of 1911 U.S. Army .45 Auto. Pistol and an Iwo Jima Commemorative Springfield Armory U.S. Rifle both which sold to online buyers for $1,300 each. See complete auction results here.
“This was our first Cyber Monday firearms and ammunition auction, and the bidders came out in droves,” said Darron Meares, Chief Operating Officer of Meares Auction Group. “Online bidding with Proxibid is a crucial component to our business, allowing us to reach buyers across the globe, and enabling us to achieve maximum results for consigners. The company’s technology solutions and risk management systems ensure we’re offering the most reliable and secure place to transact online. We know we can count on Proxibid to support and enhance our live events.”
Proxibid offers the most sophisticated risk management system in the industry, specifically designed to manage transactions for high value items like the firearms which sold in this auction. 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 ensuring 99.9+ percent uptime, makes Proxibid the most trusted place to buy and sell highly valued items online.
To view upcoming auctions by Meares Auction Group, please visit www.proxibid.com/meares.
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About Proxibid
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.
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