J.J. Kane Auctioneers Timed Auctions Bring Exceptional Results, Expanded Offering on Proxibid in 2018

OMAHA, Neb.–(BUSINESS WIRE)–#BucketTrucks—Proxibid,
the world’s most trusted way to connect buyers and sellers of highly
valued items, today announced that J.J. Kane Auctioneers, the nation’s
largest auction company focused on equipment utilized in the power line,
telecommunication, forestry, and transportation industries, will double
the quantity of timed auctions to be held exclusively on the Proxibid
platform. Due to the massive success of its timed auctions on Proxibid,
J.J. Kane Auctioneers will host two monthly timed auctions, closing the
first and third Friday of each month. Online bidding for these auctions
will only be available via Proxibid.

Since 2004, J.J. Kane Auctioneers has relied on Proxibid to provide live
online bidding for its heavy equipment auctions. In 2017, the company
brought monthly timed sales to Proxibid, providing buyers with even
greater access to high quality inventory, and with incredible results.
In just 12 months, J.J. Kane Auctioneers has built substantial momentum
– recording an average of 125% growth in total sales with each timed
auction.

J.J. Kane Auctioneers’ timed sales feature a wide range of items located
across the nation, from ATV’s to Bucket Trucks, from leading
contractors, utilities, and government agencies.

“Due to the success of our timed auctions, we are excited to offer a
second option for our customers to buy and sell their equipment,” said
Joe Kane, Auctioneer and President of J.J. Kane Auctioneers. “Timed
auctions offer easy access to our inventory in a format that allows for
more flexibility. Proxibid continues to set the industry standard for
online auctions, making our services accessible to buyers and sellers
across the globe.”

Proxibid’s timed auction solutions allow buyers from anywhere in the
world with an internet connection to log on and bid on items in the
auction catalog until the sale closes. Timed auctions on Proxibid offer
extended bidding, which increases the bidding time on an item when a bid
is placed within the last minutes of the auction to ensure a level
playing field for all buyers.

“J.J. Kane Auctioneers has been a long-standing auction partner with
Proxibid,” said Ryan Downs, President and CEO of Proxibid. “We’re
excited to see the growth and results of the company’s 2017 timed
auction offering and the addition of a second date for 2018. Timed
auctions bring more quality inventory to our growing community of buyers
who rely on the Proxibid platform to gain access to items they cannot
find anywhere else. We look forward to continuing to grow our
partnership with J.J. Kane Auctioneers.”

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.

For more information or to bid in upcoming J.J. Kane Auctions, please
visit Proxibid.

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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
London. For more information about Proxibid, please visit www.proxibid.com.

Contacts

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