A Manitoba, Canada based auction firm partnered with NextLot Inc. to host online bidding for a one of a kind farm equipment auction. The auction firm offered an incredibly rare vintage International Harvester 7788 4WD tractor that drew interest from collectors all over the US and Canada. This particular tractor is 1 of only 2 ever built of this model!
NextLot’s easy to use platform was able to connect bidders from across the world to bid online at this remote auction. As a result, online bidders pushed up the price of this antique tractor an additional $37,500 CAD.
In addition to the International Harvester, there were over 40 lots of incredible IH farm equipment with low hours in beautiful condition. Overall, online bidders pushed up prices over $125,000 CAD, 25% of the total sale amount. Successful auctions like this prove how NextLot helps auctioneers get more bids and higher prices.
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.