J.J. Kane Auctioneers’ timed, online only auction of power line, utility, and construction fleet equipment has surpassed previous such online sales records on Proxibid. The auction topped $4.1 million with nearly 850 online bidders participating.
That beat out Proxibid’s previous timed, online only auction with a 241% increase in online participants, according to the company.
“Since adding a monthly timed, online only auction to our regular schedule in January of this year, we have steadily seen sales and participant numbers increase,” said Joe Kane, founder and president of J.J. Kane Auctioneers. “We are also seeing a different buyer at our online only auctions than at our live sales as we continue to diversify inventory to reach a new buyer base.”
Proxibid has provided live online bidding services for J.J. Kane Auctioneers since 2004. In 2017, J.J. Kane added timed, online only auctions to its repertoire to help increase its footprint in the secondary equipment market. The timed, online only auctions feature a broad selection of inventory from contractors, utilities, and government agencies located across the country.
“J.J. Kane continues to be a top seller on the Proxibid platform,” said Ryan Downs, president and CEO of Proxibid. “As we continue to grow our partnership with J.J. Kane, we look forward to more opportunities to help grow its timed, online only auction business.”
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