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WorthPoint, Proxibid Partnership Agreement to Better Serve Live Internet Auction Marketplace

by acenh (06/03/08).

ATLANTA & OMAHA, Neb. – (Business Wire) Atlanta-based WorthPoint Corporation, a Web site that provides detailed information on art, antiques, and collectibles, has signed a partnership with Omaha-based Proxibid, a webcasting service that works with auctioneers to bring live Internet bidding to an online audience.

Proxibid and WorthPoint will fill the void left by eBay Live’s impending exit from the live Internet auction marketplace. Proxibid’s proprietary, live Internet bidding platform, which currently serves more than 1,100 auction companies, has the capacity to handle the influx of customers who will be looking for a new provider when eBay Live ceases operations in the fourth quarter of this year.

Rapidly-growing WorthPoint, which began operations in April 2007, provides a database of millions of sales records and other information that collectors can use to assess the worth of items they own or might want to acquire. WorthPoint currently has 25,000 members and more than 250,000 unique monthly visitors to its Web site.

Through the WorthPoint Web site (www.worthpoint.com), collectors connect with expert Worthologists for professional advice concerning the authenticity and value of art, antiques, and other collectibles. Through the WorthPoint online community, members can contact other collectors interested in buying, selling, or swapping stories, and they can share their insight and knowledge through the forums and wikis.

“Our partnership with Proxibid will provide substantial financial benefits to auction houses and auctioneers. The WorthPoint Web site will alert collectors around the world to upcoming live online auctions and provide these collectors with a vast database of sales information that will help them better prepare their bidding strategy,” said WorthPoint CEO Will Seippel.

Proxibid (www.proxibid.com) has served the auction industry since 2002 and offers more live auctions in more categories than any other provider. In March, Proxibid set several industry records, including hosting 51 auctions in a single day and 482 auctions in a single month.

“eBay Live helped to bring live auction Webcasting to the industry and we’re surprised by their departure. While this is a shift in the industry, Proxibid has never been more excited about the opportunities in front of us,” said Proxibid CEO Bruce Hoberman.

Proxibid’s success in a variety of vertical markets from fine art and antiques to collectibles enables it to service auction companies with different needs. Proxibid works closely with industry leaders and auctioneers to custom tailor its services to meet the specialized requirements of its growing list of clients.

WorthPoint
Stephen Johnson, 703-547-6754
steve.johnson@worthpoint.com
or
Proxibid
Dana Kaufman, 402-505-7776
dkaufman@proxibid.com

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