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OMAHA, Neb., March 27 // -- What a difference a day makes. In a brief 6 1/2-hour period, on Saturday, March 18th, Proxibid -- the Omaha, Neb.-based firm that provides auction houses with a method for broadcasting live auctions via the Internet -- of the $24.5 million in sales, Proxibid posted sales in excess of $5 million, a new record for an online bidding platform. "We hosted sixteen auctions that day, with a total of more than 900 registered bidders online," said Bruce Hoberman, CEO of Proxibid. "It was the first real test of our new live Internet bidding application designed to broadcast timeshare and multi-parcel real estate auctions, and it passed with flying colors." Of the 16 auctions, the one driving the biggest numbers was held by Keenan Auction Co., a Maine-based firm selling 237 fractional-share units and 35 whole ownership condominiums at Steamboat Grand Resort Hotel & Condominiums, one of Colorados premier mountain vacation destinations. "Nearly 200 of the registered online bidders were for the Keenan sale," Hoberman pointed out, adding, "We achieved nearly 25 percent sell-through online. It was the largest ski condominium auction of its kind, ever, and we were proud to be a part of it. The success of this sale proves that the world of real estate and timeshares has truly entered the computer age." A special website -- http://www.steamboatgrandauction.com -- was set up for the sale. With a click of the mouse, potential buyers were able to view and ultimately bid on a wide selection of floor plans, without having to leave home or visit the resort site. "Being able to utilize the Internet for an event of this size and scope was exciting," added Stefan Keenan, Real Estate Manager of Keenan Auction Co. "Buyers were able to save thousands of dollars by going through the preview process online." Keenan said the amount of inventory sold during the auction might represent the highest amount of real estate ever sold at auction in a single day. "Obviously, having Proxibid handling the Internet bidding process made it possible to reach such a lofty goal," he said. Proxibid teamed with Keenan, which was conducting the sale on behalf of the propertys developer, Grand Summit Properties, Inc. All units were sold absolute, meaning they went to the highest bidder, regardless of price. Proxibid is a premier provider of live Internet auction broadcasting services, marketing and advertising for hundreds of auctioneers from the United States, Canada and the United Kingdom. The Proxibid service allows bidders to see, hear and participate in live auctions from the comfort of their home or office via the Internet. Their live bidding service is connected to a powerful auction portal, where auction companies can post their catalogs for bidders to browse and search. As a leading pioneer of live Internet bidding technology, Proxibid continues to dominate the marketplace by offering an unparalleled level of service for their customers. To learn more about Proxibid, you may visit them online at http://www.proxibid.com.
 
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