Canadian Client Hosts Record Breaking Industrial Equipment Auction

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 from the familiarity of their computers, smartphones, and tablets. Bidders enjoyed an immersive online bidding experience that simulated the excitement of an auction while increasing overall sales for NextLot’s client.

45% of the bids were placed using the online auction platform. NextLot is proud to announce that 53% of the auction’s gross sales came from online bidders. Online bidding during normal and group choice rounds gave the user the option to choose the lots they desired after bidding real-time against other online and onsite bidders. A couple of featured items include the following:

• 2009 Cat 815F II Wheel Packer $320,000

• 2012 Cat 14M Motor Grader $250,000

• 2018 Freightliner Cascadia T/A Truck Tractor $91,000

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.