London, England and Omaha, NE—October 26, 2016—Proxibid, the world’s most trusted way to connect buyers and sellers of highly valued items, has experienced tremendous growth in international sales across all categories heading into the fourth quarter. Increases in bidders and online sales in key auctions with butters john bee, H and H Classics Limited, and Silverstone Auctions in the UK; Classicbid in Germany; HMR Auction in the Philippines; and O’Mara’s Valuers & Auctioneers in Australia point to a growing trend of online buying across the globe.
“We are delighted with our partnership with Proxibid,” said Mike Hancock, Associate Director for butters john bee. “With Proxibid, our customers can be anywhere in the world and attend our auctions, bid in real-time, and know their transactions are secure at the end of the sale. Proxibid’s global marketplace is bringing more bidders to our auctions while increasing butters john bee brand exposure.”
In October, three properties by butters john bee sold to online to UK buyers unable to attend the live auction. Additionally, six times more online bidders participated than phone bidders, showing a shift away from traditional bidding methods in live property auctions. The value of the pound against currencies in mainland Europe is attracting more buyers to the Proxibid Marketplace as they scoop up deals in auctions—especially those of collector cars. Silverstone Auctions’ October Porsche Sale delivered record online sales, with 31 percent of inventory selling to online buyers hailing from the U.S., UK, and mainland Europe.
“I purchased a 1988 Porsche 911 Turbo Targa from Silverstone, thanks to Proxibid’s online bidding platform,” said Thomas Kösling of Esslingen, Germany. “I chose to bid online because I simply could not be in the UK for the live auction. Bidding with Proxibid was easy. I logged into my account, watched the sale, bid against people in the room and was able to quickly and safely complete the transaction, even across borders. I am very happy with my purchase!”
Proxibid announced its UK presence in June, 2014 and has since created a strong seller and customer base both in the UK and mainland Europe. The company continues to expand its presence as more features for international sellers and buyers are introduced to the Marketplace.
Only Proxibid offers an industry-leading, comprehensive risk management system, combined with integrated payments, to ensure all Proxibid-powered transactions are secure, making the Proxibid Marketplace the safest place to transact online. Proxibid sells across 15 categories representing items from fine art, antiques and collectables to heavy construction equipment and property and everything in between.
More than 14,000 sales events take place in the Proxibid Marketplace annually, and more than 10,000 new buyers join the Marketplace each month. The site is 100 percent Payment Card Industry compliant, which when combined with its enterprise-level technology and infrastructure, boasts a 99.9+ percent uptime. No other online Marketplace offers the selection, security or support as Proxibid.
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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; property; fine art; antiques and collectables, 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.