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June 2020

HiBid Ends Record-Breaking Year, Surpassing $1.57 Billion in Sales with Over 17 Million Lots Sold

OCALA, Florida — January 12, 2021

The auction platform broke numerous records in 2020 for sale, lot, and bidder totals, facilitating the sale of more than $1.57 billion (gross auction proceeds) in assets for the year. In all, over 17 million lots were sold in 2020 through over 50,000 auctions, and during one period lot totals were up more than 100% year-over-year compared to 2019. In an all-time record for the auction site, the number of individual registered bidders using topped 4.2 million.

HiBid supports webcast auctions, internet-only auctions, and absentee bidding. HiBid works seamlessly with Auction Flex, a comprehensive auction management platform.

2020 Highlights

Gross auction proceeds: $1.57+ billion
Gross merchandise volume: $2.86+ billion
Lots sold: 17+ million
Online-only auctions: 46,000+
Webcast auctions: 4,100+

Auctioneer Highlights

The following list features some of the top-selling HiBid auctioneers for 2020 as well as their most current events.

Affordable Creations

Current event: Distressed Manufacturers’ Close-Out Jewelry Auction
Dates: January 11th-18th, 2021
Lots: 1,454
Featured: This auction includes hundreds of gold and silver earrings, necklaces, and rings with diamonds and other gemstones in a wide range of designs.

Aiken Vintage Auctions

Current event: Super Sunday Auction Featuring Fine Jewelry, Antiques & Cars
Dates: January 11th-17th, 2021
Lots: 253
Featured: A 2018 Ferrari 488 GTB sports car, a 1955 Chevrolet Cameo, and a diamond-studded ROLEX ladies’ watch are among the various lots for sale in this auction.

American Jewelry & Coin Auction LLC (A.J.C.A.)

Current event: Fine Jewelry & Coin Auction
Dates: January 6th-13th, 2021
Lots: 646
Featured: This online-only auction includes an eclectic mix of diamond jewelry, luxury watches, gold pendants, mint-condition coins, and other fine collectibles.

Apple Auctioneering Co.

Current event: U.S. Treasury Online Auction
Dates: January 11th-19th, 2021
Lots: 46
Featured: Many vehicle types are represented in this auction, including a 2019 McLaren 5705, a 2019 Ford F-150 Raptor, and a selection of ATVs, vans, buses, and more.

Gold Standard Auctions

Current event: Miami Businessman Rare Coin Estate Sale
Date: January 16th, 2021
Lots: 510
Featured: In part 7 of an ongoing event, this auction includes a wealth of gold, silver, and other coins, including a 1907 $10 Gold Eagle and a 1922 $20 Gold Double Eagle, both uncirculated.

Kraft Auction Service

Current event: 44th Anniversary Antique & Collectible Auction
Dates: January 14th-17th, 2021
Lots: 5,503
Featured: This colossal live webcast auction includes western artwork and wood carvings, antique clocks and phonographs, vintage furniture, and much more.

Texas Restaurant Equipment Auction

Current event: Logan’s Restaurant Auction
Dates: December 26th, 2020-January 17th, 2021
Lots: 446
Featured: Booths, tables, chairs, condiment stands, bar signs, drinkware, dinner plates, and a large variety of kitchen supplies are among the many lots for sale in this online-only auction.

United Country Real Estate

Current event: Owensboro, Kentucky, Country Home
Dates: December 22nd, 2020-January 18th, 2021
Lots: 1
Featured: United Country conducts live and online real estate auctions throughout the year, including this one for a 3-bedroom country home in Owensboro, Kentucky.

Vail International, Inc. Auctioneers

Current event: Vail International Online-Only Auction
Dates: December 9th, 2020-January 23rd, 2021
Lots: 1,338
Featured: In this collectors’ treasure trove of an auction, lots include a 1986 FLEER Michael Jordan rookie card in mint condition.

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About HiBid & Auction Flex

HiBid is an online auction platform supporting webcast auctions, internet-only auctions, and internet absentee bidding. It is available as both a private-label solution and a portal. HiBid is integrated with Auction Flex, the market leader in auction software for live auctions, with capabilities that include cataloging, clerking, cashiering, accounting, mailing list management, inventory management, and multi-parcel. HiBid and Auction Flex were built from the ground up to function together seamlessly. They are products of Sandhills Global, the technology company behind and numerous construction, agriculture, commercial trucking, and aviation industry-focused brands.

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