Feb 26, 2018   SOURCE: BusinessWire

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

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.