HiBid.com Announces Record Traffic, with Over $38.7M Sold Last Week

Bidding Now Open for Antique Furniture, Limousines, Farm Equipment, Boats, and More

HiBid.com facilitated the sale of more than $38.7 million in assets last week, with 1,101 auctions held on the site

HiBid.com facilitated the sale of more than $38.7 million (gross auction proceeds) in assets last week, with 1,101 auctions held on the site from October 26th through November 1st. With 819,000 bidders submitting 1.35 million bids per day, on average, auctioneers sold more than 390,000 lots during the course of the week.

Traffic on HiBid.com has reached some of its highest levels numerous times throughout the year, including a new record last week. On Thursday alone, there were 265 auctions and 90,000 lots for sale through the platform. HiBid works seamlessly with Auction Flex, a comprehensive auction management platform. HiBid supports webcast auctions, internet-only auctions, and absentee bidding.

October 26th - November 1st HiBid.com Highlights

• Gross auction proceeds: $38,745,018 (USD)

• Gross merchandise volume: $71,818,601 (USD)

• Lots sold: 390,238

• Online-only auctions: 1,005

• Webcast auctions: 96

• Average bidders per day: 819,000

• Average bids per day: 1.35 million

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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.

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SOURCE: HiBid & Auction Flex