June 1, 2020

In 2007, Norman Finkelstein had a vision.  He had grown up in the auction industry with his father partnering with auctioneers to buy factories and sell them at auction.  With the rise of the digital age, auctioneers started using marketplaces to simulcast their auctions to wider audiences and buyers.  Norman felt there was a better approach and envisione...

April 11, 2020

COMPANY OVERVIEW:

Established in 2007, NextLot has run over 24,000 auctions and has sold over $22 billion in assets for auctioneers. This leader in privately branded online auctions has a number of offerings that auctioneers can use to sell assets. Two of its solutions have become indispensable to auctioneers during the coronavirus pandemic: virtual online...

March 17, 2020

NextLot, Inc., a provider of privately branded online auction solutions for auctioneers, announced today that it launched its new auction webcast application for auctioneers.

NextLot, which has run over 24,000 auctions and has sold over $21 billion since 2007, has been using a Flash-based application to webcast its clients’ auctions. When Adobe announced t...

November 13, 2019

NextLot is the brainchild of father-son team Norman and Scott Finkelstein. Celebrating 50 years in the auction industry in 2019, Norman spent 40 years partnering with some of the world's leading industrial auctioneers to buy factories and sell the machinery and equipment at auction. With the rise of the digital age, auctioneers started using public portal...

March 19, 2019

There will always be a need for the live auction experience, but most auction houses have sought out a way to give their sellers and buyers an online experience that fits their needs. That’s something Norman Finkelstein realized after three-plus decades working with auctioneers at plant machinery auctions, and he knew whom to call to help him establish a...

February 25, 2019

NextLot, Inc., which provides a privately branded online auction solution for auctioneers, announced today an integration with GoToAuction.com, an auction listing and marketing site that services 5,000 North American auctioneers. The integration will enable all of NextLot’s U.S. and Canadian auctions to be listed and promoted on GoToAuction.com for free.

T...

July 16, 2018

NextLot, Inc., which provides a privately branded online auction solution for auctioneers, announced today that it formed a strategic integration with Wavebid LLC, a Software as a Service company that offers unique solutions for auction cataloging, clerking, marketing and accounting. Together, the companies developed--and today launched--NextLot One, an i...

May 23, 2018

At the beginning of May, more than 500 online users logged on to experience a record-breaking sale of industrial equipment. The live webcast auction featured an impressive amount of quality vehicles and equipment, including truck tractors, trailers, and loaders. Using NextLot’s premiere online auction solution, bidders purchased over $2.1 million in items...

April 16, 2018

The Midwestern climate could have been a factor in the success of a consignment auction hosted by one of NextLot’s premiere clients. Instead, the stormy weather propelled the presence of online bidders due to the reliability NextLot’s innovative software.  

The North Dakota based client found unparalleled success in their large consignment auction featurin...

March 27, 2018

Some auctioneers prefer to wait until spring to host farm auctions to avoid the harsh Midwestern winters, but one of NextLot’s clients has found that to be the perfect time to host its annual Late Model Agricultural and Construction auction. In the final week of January while bearing single digit temperatures, almost 900 pieces of equipment were sold whil...

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