OCALA, Fla., Oct. 22, 2020 /PRNewswire/ -- HiBid.com reports that nearly $29 million (gross auction proceeds) in assets were sold in last week's auctions. The online platform held a total of 1,062 auctions from October 12th through the 18th. With an average of 808,000 bidders submitting 1.32 million bids per day, auctioneers sold more than 367,000 lots over the course of the week.
HiBid also set several records last week. On Friday, the online auction platform experienced its highest number of auction lots for sale (736,000), biddable auctions (2,693), and total auctions (3,020). On Saturday, HiBid set another record, this one for the most bidders from its many portals (127,000 bidders placing 209,000 bids), while total bidders from all HiBid auction sites reached 881,000. HiBid works seamlessly with Auction Flex, a comprehensive auction management platform, and supports webcast auctions, internet-only auctions, and absentee bidding.
October 12th-18th HiBid.com Highlights Gross auction proceeds: $28,944,470 (USD) Gross merchandise volume: $47,275,857 (USD) Lots sold: 367,457 Online-only auctions: 971 Webcast auctions: 91 Average bidders per day: 808,000 Average bids per day: 1.32 million
Current Auctions The information below highlights just a few of the auctions currently listed on HiBid.com. Buyers can bid on a variety of items, including antique tractors, jewelry, restaurant equipment, vintage pocket watches, and more in these and many other auctions.
About HiBid & Auction Flex HiBid is an online auction platform supporting webcast auctions, internet-only auctions, and internet absentee bidding. It is available as both a private-label solution and a portal. HiBid is integrated with Auction Flex, the market leader in auction software for live auctions, with capabilities that include cataloging, clerking, cashiering, accounting, mailing list management, inventory management, and multi-parcel. HiBid and Auction Flex were built from the ground up to function together seamlessly. They are products of Sandhills Global, the technology company behind AuctionTime.com, Equipmentfacts, and numerous industry-focused brands.