Proxibid Releases 4th Quarter 2013 Financial Results

Proxibid, a Marketplace for buying and selling highly valued items, announced the strongest quarter in company history, driven by online sales.

In a release on Jan. 27, Proxibid said total online sales increased 26 percent in the fourth quarter 2013 over the same period in 2012.

Proxibid said it also experienced the highest revenue in company history in Q4 2013, up 17 percent over revenue in Q4 2012. Total inventory represented in the Marketplace increased 22 percent in the fourth quarter of 2013 over the same period in 2012.

Proxibid, which connects buyers and sellers across 15 categories and nearly every asset class, reported a 26 percent increase in online sell-through year-over-year for the fourth quarter. Average online sales per event increased 38 percent in the fourth quarter of 2013 over average online sales in the fourth quarter of 2012.

"Proxibid continues to provide the most trusted online destination for buyers and sellers for making high-dollar transactions," said Ryan Downs, President and CEO of Proxibid. "Our business continues to grow as more asset owners look to the Marketplace as a strategic solution not only for asset disposition, but also for procurement needs. Our core auction business remains strong as auction company partners embrace the Marketplace and take advantage of the multiple transaction methods available."

The number of buyers participating in the Marketplace increased 16 percent in the fourth quarter as more buyers look to Proxibid as their destination for finding the items they covet.

"Our December 12 sale had record results on Proxibid," said Steve Anderson of JJ Kane Auctioneers. "Just over 48 percent of the inventory in that sale sold to online buyers on Proxibid, with 161 active buyers and more than 8,600 catalog views. Many factors can be attributed to the success of the sale, including customer service, support and security provided to buyers in the Proxibid Marketplace."

Proxibid offers a risk management system that is a hybrid of proprietary technology, manual processes and third-party partnerships all with the singular goal to ensure buyers and sellers are who they say they are and do what they say they are going to do.

More than $2 billion in inventory passes through Proxibid's marketplace annually in product categories that include heavy equipment; commercial and industrial equipment; real estate; fine art, antiques and collectibles and more.

Proxibid is headquartered in Omaha, Neb.

More information:

www.proxibid.com

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