Timed, online-only  auction sales record broken

Proxibid reports that J.J. Kane Auctioneers’ July 21 auction surpassed $4.1 million across 850 online bidders.

“Since adding a monthly timed, online only auction to our regular schedule in January of this year, we have steadily seen sales and participant numbers increase,” says Joe Kane, founder and president of J.J. Kane Auctioneers. “We are also seeing a different buyer at our online-only auctions than at our live sales as we continue to diversify inventory to reach a new buyer base.”

Proxibid has provided live online bidding services for J.J. Kane Auctioneers, the leading brand for selling used power line and utility equipment, since 2004. In 2017, J.J. Kane added timed, online only auctions to its repertoire to help increase its footprint in the secondary equipment market. J.J. Kane’s timed, online only auctions feature a broad selection of inventory from leading contractors, utilities, and government agencies located across the country.

“J.J. Kane continues to be a top seller on the Proxibid platform,” says Ryan Downs, president and CEO of Proxibid. “The high quality of inventory for sale, combined with J.J. Kane’s well-earned reputation as a trusted auction company keep bidders coming back. As we continue to grow our partnership with J.J. Kane, we look forward to more opportunities to help grow its timed, online only auction business.”

Proxibid offers the industry’s most robust online-bidding platform for live and timed auctions. All purchases made via Proxibid are backed by the company’s sophisticated risk-management system and integrated payment solution, designed specifically to facilitate high dollar transactions.

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 of equipment and other high-value property.