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NextLot Client Finds Success with Online Bidding

January 22, 2018

NextLot is celebrating success in one of its recent live webcast auctions selling a rich variety of farm equipment. NextLot’s Online Bidding accounted for 40% of total sales in the Ohio-based client’s auction resulting in over $239,200 online purchases. With all lots in the auction sold, the online bidders helped generate bidder competition, increasing bids by 15.2% and resulting in impressive success for NextLot’s client. 

 

The most expensive item of the auction was sold online in addition to some other high-priced lots. Out of the 5 top priced items, 4 items were bid on through NextLot’s online bidding software. The major online sales for this auction include the following quality farm equipment:

 

  • John Deere 7530 Tractor for $89,500

  • 2009 John Deere 6430 Tractor for $71,500

  • John Deere 608C Corn Head for $36,000

 

The ease of purchasing items online contributed to the overall success of the auction and led to bidder representation that spanned across 9 states. NextLot is proud to offer online bidding services that greatly increase interest in its client’s auctions.

 

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.

 

 

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