J.J. Kane Auctioneers Breaks Timed, Online Only Auction Sales Record on Proxibid

OMAHA, Neb.–(BUSINESS WIRE)–#JJKaneAuctioneers—Proxibid,
the most trusted way to connect buyers and sellers of highly valued
items, today announced that J.J. Kane Auctioneers’ timed, online only
auction of power line, utility, and construction fleet equipment, which
ended July 21, surpassed previous online sales records for timed, online
only auctions on Proxibid. Total sales for the auction topped $4.1M with
nearly 850 online bidders participating, beating out Proxibid’s previous
timed, online only auction with a 241 percent increase in online
participants.

“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,” said 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,” said
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 time and again. 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
both 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 like the power and utility equipment sold in J.J. Kane
auctions.

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.

Contacts

Proxibid
Dana Kaufman, 402-505-7776
[email protected]