NextLot has successfully expanded to more than a dozen countries on 3 continents. While developing its presence worldwide, the company continues to grow its Australian market share. NextLot has been partnering with Australian auction houses since 2009. Over the past 9 years the company has seen tremendous growth in both the number of clients using the platform and the online activity each auction generates.
In 2014, NextLot commenced its partnership with a leading heavy equipment auction house in Queensland, Australia. With NextLot’s easy-to-use Webcast platform, the auction house was able to provide bidders across Australia access to its auctions. Since the first auction, online bidders consistently purchase over 60% of the inventory offered online. Bidders continue to rave about the access to unlimited photos and real-time bidding. The success of the partnership has led the auction house to realize over 50% of its profits coming from online bidders each auction.
NextLot’s innovative approach to distinctively brand its platform for individual clients is in high demand and being adopted quickly by more and more auctioneers around the world.
Call NextLot today for all of your online auction needs!
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.