Raleigh-based software company NextLot, Inc. continues to break records. In a recent timed-online auction, the sales figures went through the roof when over $10 million of equipment was sold in twenty-one lots.
The auction, which featured cigarette manufacturing and packing equipment, brought in bidders from all over the world. Online bidders logged in from North Carolina, New York, Canada, Germany, and even Singapore and submitted winning bids that averaged close to $500,000.00 per lot. The timed-online auction software, provided by NextLot, used to run the auction offers a real-time refresh feature as the auction winds down so that bidders always know how much time is left to bid and if they are “in” or “out.” The Missouri-based company, which held this auction, was extremely pleased with the event, which was its largest timed-online auction ever.
With its success rate on the rise throughout the nation and internationally, NextLot is creating happy bidders and more profitable auctioneers. Online bidders seem to be attracted to the ease of use and functionality of the NextLot platform, and it is proven again and again at the end of each auction. One thing still unknown, however, is what the NextLot team has up its sleeve for the future in terms of taking its innovative online auction software to the next level. For more information on NextLot, Inc and services offered please visit http://www.nextlot.com.
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 the buyers 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. NextLot helps auctioneers be successful by empowering them with the best technology in the industry to grow their auction companies. This ability to offer “Best of Breed” products and work hand in hand with auctioneers has enabled NextLot to become a leading online software provider.
