Bidding

Over $35.5 Million Sold Through HiBid.com Last Week; Bidding Now Open for Fine Art, Antiques, Farm Machinery, Vintage Audio Equipment, and More

Wednesday, October 28, 2020 - 2:25pm

Interested in receiving updates from HiBid?

Key Points: 
  • Interested in receiving updates from HiBid?
  • Sign up to receive newsletter emails , and follow HiBid Auctions on Facebook and LinkedIn .
  • HiBid is an online auction platform supporting webcast auctions, internet-only auctions, and internet absentee bidding.
  • HiBid and Auction Flex were built from the ground up to function together seamlessly.

Eleven New Police Departments and Municipalities Sign On With PropertyRoom.com to Auction Off Stolen and Seized Items

Tuesday, October 27, 2020 - 11:00am

Items available cover a wide range, varying from collectible coins and smartphones to handbags and vehicles, with more in between.

Key Points: 
  • Items available cover a wide range, varying from collectible coins and smartphones to handbags and vehicles, with more in between.
  • The website also regularly auctions surplus municipal cars, trucks and heavy equipment as well as seized vehicles, with all assets open to public bidding nationwide.
  • Providing a variety of online auction services to our over 4,100 clients is a top priority for PropertyRoom.com."
  • There is always a unique deal to be found, with hundreds of new auction listings added daily.

HiBid.com Sees Record Number of Bidders, Lots, and Auctions Last Week, Plus $28.9M in Sales; Antiques, Farm Equipment, and More Up for Sale Now

Thursday, October 22, 2020 - 3:28pm

OCALA, Fla., Oct. 22, 2020 /PRNewswire/ -- HiBid.com reports that nearly $29 million (gross auction proceeds) in assetswere sold in last week's auctions.

Key Points: 
  • OCALA, Fla., Oct. 22, 2020 /PRNewswire/ -- HiBid.com reports that nearly $29 million (gross auction proceeds) in assetswere sold in last week's auctions.
  • The online platformheld a total of 1,062 auctions from October 12th through the 18th.
  • On Friday, the online auction platform experienced its highest number of auction lots for sale (736,000), biddable auctions (2,693), and total auctions (3,020).
  • HiBid works seamlessly with Auction Flex , a comprehensive auction management platform, and supports webcast auctions, internet-only auctions, and absentee bidding.

56% of Redfin Offers Faced Bidding Wars in September, Down From 59% in August

Tuesday, October 20, 2020 - 2:00pm

"Until very recently, bidding wars were entirely ubiquitous in Tampa, but it suddenly seems like buyers have had enough of sellers' pie-in-the-sky, aspirational pricing.

Key Points: 
  • "Until very recently, bidding wars were entirely ubiquitous in Tampa, but it suddenly seems like buyers have had enough of sellers' pie-in-the-sky, aspirational pricing.
  • At least half of offers faced bidding wars in 15 of the 24 metros in this analysis.
  • Salt Lake City had the highest bidding-war rate, with 81.1% of Redfin offers encountering competition.
  • Single-family homes were most likely to encounter bidding wars in September, with 58.9% of Redfin offers facing competition, followed by townhouses, at 56%.

Garrett Motion Auction Process Yields Improved Bids

Monday, October 19, 2020 - 9:26pm

Garrett Motion Inc. (Garrett) today announced that it has received an improved stalking horse bid from KPS Capital Partners, LP (KPS) with respect to a potential purchase of its business.

Key Points: 
  • Garrett Motion Inc. (Garrett) today announced that it has received an improved stalking horse bid from KPS Capital Partners, LP (KPS) with respect to a potential purchase of its business.
  • The anticipated dates for Garretts competitive process would be extended to provide Garrett with additional time to assess higher or better offers.
  • It followed invitations from Garrett to the members of the Bidding Group to join the competitive process alongside other bidders.
  • Our portfolio of turbocharging, electric boosting and automotive software solutions empowers the transportation industry to redefine and further advance motion.

Hershey at Home 2020 Auction Moves $5.6 Million Worth of Pre-war and Brass Era Vehicles

Saturday, October 17, 2020 - 11:00am

JACKSON, Miss., Oct. 17, 2020 /PRNewswire/ --The Vault just wrapped up the Hershey at Home 2020 online auction, and what an auction it was!

Key Points: 
  • JACKSON, Miss., Oct. 17, 2020 /PRNewswire/ --The Vault just wrapped up the Hershey at Home 2020 online auction, and what an auction it was!
  • Sonic Bidder uses fast-paced bidding action with addictive sounds and an enthralling techno beat to create a Monte Carlo casino feeling.
  • It also proved Sonic Bidder to be a formidable and super intuitive online platform perfect for any auction big or small.
  • His illustrious fleet of pre-war and brass era vehicles are on display at the Evergreen Historic Automobile complex in Missouri.

New HouseCanary Report Reveals Housing Market’s Supply Constraints are Increasing Amidst U.S. Election Uncertainty

Thursday, October 15, 2020 - 1:00pm

The Market Pulse is an ongoing review of proprietary data and insights from HouseCanarys nationwide platform.

Key Points: 
  • The Market Pulse is an ongoing review of proprietary data and insights from HouseCanarys nationwide platform.
  • While fluctuations in demand are following seasonal patterns, supply levels are drastically underperforming versus cyclical norms.
  • Competitive bidding wars stemming from persistent tight supply have posed a challenge to first-time buyers searching for homes in lower price tiers as transaction prices have been driven up across the country.
  • Be sure to review the Market Pulse in full for extensive state-level data.

Kungl. Vetenskapsakademien: The Prize in Economic Sciences 2020: Their theoretical discoveries have improved auctions in practice

Monday, October 12, 2020 - 10:59am

People have always sold things to the highest bidder, or bought them from whoever makes the cheapest offer.

Key Points: 
  • People have always sold things to the highest bidder, or bought them from whoever makes the cheapest offer.
  • Nowadays, objects worth astronomical sums of money change hands every day in auctions, not only household objects, art and antiquities, but also securities, minerals and energy.
  • Using auction theory, researchers try to understand the outcomes of different rules for bidding and final prices, the auction format.
  • "This year's Laureates in Economic Sciences started out with fundamental theory and later used their results in practical applications, which have spread globally.

Kungl. Vetenskapsakademien: The Prize in Economic Sciences 2020: Their theoretical discoveries have improved auctions in practice

Monday, October 12, 2020 - 10:57am

People have always sold things to the highest bidder, or bought them from whoever makes the cheapest offer.

Key Points: 
  • People have always sold things to the highest bidder, or bought them from whoever makes the cheapest offer.
  • Nowadays, objects worth astronomical sums of money change hands every day in auctions, not only household objects, art and antiquities, but also securities, minerals and energy.
  • Using auction theory, researchers try to understand the outcomes of different rules for bidding and final prices, the auction format.
  • "This year's Laureates in Economic Sciences started out with fundamental theory and later used their results in practical applications, which have spread globally.

HiBid.com Auctions Brought in Nearly $32 Million Last Week; Boats, Classic and Modern Cars, Construction and Farm Equipment, Furniture, and More for Sale Now

Tuesday, October 6, 2020 - 8:12pm

Interested in receiving updates from HiBid?

Key Points: 
  • Interested in receiving updates from HiBid?
  • Sign up to receive newsletter emails , and follow HiBid Auctions on Facebook and LinkedIn .
  • HiBid is an online auction platform supporting webcast auctions, internet-only auctions, and internet absentee bidding.
  • HiBid and Auction Flex were built from the ground up to function together seamlessly.