Auction House Conducts Largest Auction Yet
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 while 500 users logged participated in the auction from the warmth and comfort of their homes and offices.
These 500 users gathered from 20 different states and three different provinces of Canada to engage in online bidding. Over $650,000 of equipment were sold online in the auction, including a 2014 John Deere 6190R Tractor for $109,000. Impressively, over one million dollars in absentee bids were left on the equipment which were then executed during the live auction using NextLot’s state of the art software. The system’s adaptability to simulate live auction online helped drive the total sold prices by over $325,000.
Since the auction was conducted in two rings, a new clerk was chosen to run the second ring of the auction. With NextLot’s easy to use software, the new clerk ran the auction without any issues and complimented the platform the day following the auction. NextLot’s goal is to provide our clients with the best software and service possible in the online auction industry. The success of NextLot’s clients helps fuel the company’s mission to continue pursuing greatness in the online auction industry.
About NextLot, Inc.: NextLot provides auctioneers with a fresh approach to online-timed and live webcast auctions by providing extremely easy-to-use, privately branded software for three main auction formats: Timed Auction, Webcast, and Pre-Bid. NextLot believes that auctioneers’ most important assets are their buyers and that these assets should not have to be shared with their competitors on a public portal. NextLot users build brand loyalty while enjoying full control of their customer base, and avoiding exposure to competition. For more information on NextLot, Inc and services offered please visit www.nextlot.com.