OCALA, Fla., Oct. 28, 2020 /PRNewswire/ — HiBid.com facilitated the sale of more than $35.5 million (gross auction proceeds) in assets last week, with 1,131 auctions held on the site from October 19th through the 25th. With 834,000 bidders submitting 1.39 million bids per day, on average, auctioneers sold more than 392,000 lots during the course of the week. On Friday alone, the auction platform experienced a record number of auction lots for sale in one day, with that total surpassing 740,000 lots.
HiBid works seamlessly with Auction Flex, a comprehensive auction management platform. HiBid supports webcast auctions, internet-only auctions, and absentee bidding.
October 19th-25th HiBid.com Highlights
Gross auction proceeds: $35,546,528 (USD)
Gross merchandise volume: $48,640,568 (USD)
Lots sold: 392,350
Online-only auctions: 1,042
Webcast auctions: 89
Average bidders per day: 834,000
Average bids per day: 1.39 million
The information below highlights just a few of the