In 2016, Proxibid hosted more than 7,500 timed auctions. There’s a good reason for that. It’s because sellers know Proxibid’s timed auctions offer buyers maximum flexibility, enhanced safety, and ease of access to the unique items they sell.
Flexibility for Buyers
Timed auctions provide buyers with a great deal of flexibility when bidding. To begin the process, review the online catalog for the auction of interest, and find items you want to buy. Then, simply enter your maximum bid amount. There is no need to stay online to watch bids as they come in because the system automatically represents your bids on your behalf until your maximum bid is reached. If you get outbid, you’ll receive an outbid notice via email or text, depending on your preferences. If you desire, you can return to the auction and place a higher maximum bid.
The Proxibid Difference
Not all timed auctions are created equal. Underlying Proxibid’s timed auctions is industry-leading technology that provides you with the support, flexibility, and security needed to successfully complete your online transaction. Our proprietary solution also ensures your personal information is protected throughout the buying process.
An important feature we employ is staggered end-times for lots. This feature mimics the look and feel of a live auction and allows you to focus on a single item at a time, rather than dividing your attention between several lots.
Trying to keep track of more than one lot? No problem. You can easily find lots still open for bidding with the ability to sort lots by price, end times, popularity, and more. Coupled with reminders for watched lots, you’ll never miss an auction.
When bidding in a timed auction, you never have to worry about being “sniped.” That’s because when a bid is placed on a lot in the final minutes of an auction, the time remaining on that lot will extend for a predetermined amount of time. If you are still interested in bidding, you can continue to place bids until there are no active buyers.
After you’ve won the lot, Proxibid’s risk management and payment tools add the security and convenience you have come to expect from Proxibid’s live auctions. Proxibid’s unique integrated payment solution and best-in-class risk management system are the foundation for transactions in our Marketplace.
Timed Auction of Rare O.F.C. Bourbon to Benefit Ronald McDonald House Charities in Omaha
The timed auction format is so convenient for both sellers and buyers that Ronald McDonald House Charities in Omaha (RMHC in Omaha) has trusted Proxibid’s timed auction format to sell a rare and collectible vintage bottle of bourbon.
The up for bid is a bottle of O.F.C. Bourbon—#4 of 50 bottles produced in 1983. Valued at $10,000, the bottle was donated to RMHC in Omaha by the Buffalo Trace Distillery. Aged in oak barrels and packaged in a hand-cut crystal bottle with the year engraved, this very rare and collectible bourbon honors the O.F.C. Distillery, a National Historic Landmark known today as Buffalo Trace Distillery. Buffalo Trace Distillery has graciously partnered with nonprofit organizations across the country to provide these rare bottles as fundraising opportunities.
All proceeds from the sale of this bourbon will benefit RMHC in Omaha. The mission of RMHC in Omaha is to create and operate programs that directly improve the health and well-being of children by providing opportunities that strengthen children and families during their most difficult and challenging times. Ronald McDonald House Charities in Omaha supports access to care, reduces financial burden, provides psychosocial support keeping families together, enhances clinical experiences and outcomes, and helps families resume normalcy when a child is ill or hospitalized.
For more information about this auction or to place a bid, please visit Proxibid. To learn more about how Buffalo Trace made one of the rarest bourbons on the planet available to raise funds for charity and the history behind the process, please visit Buffalo Trace.