OCALA, Fla., Nov. 20, 2019 /PRNewswire/ -- HiBid.com sold over $22.68 million GAP (gross auction proceeds) in equipment and other auction goods in last week's online-only and webcast auctions. In total, HiBid hosted 622 auctions from November 11th through the 17th. Throughout the week, an average of approximately 398,000 bidders per day took part, placing bids on more than 185,000 lots with a combined value exceeding $31 million GMV (gross merchandise volume).
November 11th-17th HiBid.com Highlights Gross auction proceeds: $22,681,206 (USD) Gross merchandise volume: $31,172,309 (USD) Lots sold: 185,623 Online-only auctions: 561 Webcast auctions: 61 Average bidders per day: 398,000 Average bids per day: 626,000
Upcoming Featured Auctions Among the many auctions taking place this week on HiBid.com is one featuring Arnold Palmer's private golf car from Bay Hill Club & Lodge. The auctioneer, Asset IQ LLC, will donate the proceeds of the sale to the Arnold & Winnie Palmer Foundation. In other featured auctions, individuals will have the opportunity to bid on a wide range of items, including fine art, jewelry, coins, collectibles, military items, Inuit carvings, and more.
About HiBid & Auction Flex Auction Flex is the market-leader in auction software for live auctions, with capabilities that include cataloging, clerking, cashiering, accounting, mailing list management, inventory management, multi-parcel, and more. Auction Flex also provides a seamless solution that enables auction houses to upload auction catalogs online and accept internet absentee bids, conduct internet-only auctions, or offer webcast live internet bidding through its integrated web service and internet bidding solution—HiBid (both a private-label solution and a portal). Auction Flex and HiBid, products of Sandhills Global, were built from the ground up to function together seamlessly.