Market Overview

Proxibid Shatters Online Sales and GMV Records to Achieve Most Successful Month and Quarter in Company History

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Proxibid,
the most trusted way to connect buyers and sellers of highly valued
items, today announced record online sales and Gross Merchandise Value
(GMV), capped by its strongest month and quarter in company history.
Online sales increased 37 percent year-over-year for the month of March,
and 27 percent year-over-year for the quarter ending March 31, 2018. GMV
increased 26 percent year-over-year for the month of March, and 13
percent year-over-year for the first quarter. The number of auctions,
which increased more than 20 percent year-over-year for the quarter, as
well as dramatic increases in online-only, timed auction participation
in Proxibid's B2B categories have helped to fuel growth in the first
quarter.

"Robust results in B2B categories like heavy equipment, industrial
machinery, and farm machinery, as well as the sale of collector cars and
other high-end goods, were central to Proxibid's success in the first
quarter," said Ryan Downs, President and CEO of Proxibid. "Proxibid's
online-only, timed auction solution continues to attract new buyers and
sellers to the platform, which has pushed online sales and GMV to new
heights for the company."

Key sellers like JJ Kane Auctioneers, J. Stout Auctions, Sullivan
Auctioneers, Gerlach Companies, Ron's Auction, Meares Auction Group,
Grafe Auction Co. and more increased the frequency of timed, online-only
auctions on Proxibid in the first quarter. Online-only auctions provide
a low-cost option for sellers to easily liquidate inventory from across
the globe without the overhead and logistics typically associated with
moving and storing items. For buyers, online-only auctions offer great
convenience as they can simply access items they want to purchase from
anywhere in the world with an internet connection.

"Working with Proxibid has allowed TNT Auction Inc. to gain
international buyers and increase online sales," said Mike McKee,
President of TNT Auction Inc. "Working closely with Proxibid to
implement best practices and strategic marketing has enabled TNT to see
continued growth in online buyers and sales with each auction. With
these results, we are excited to see where our partnership takes us in
2018."

Proxibid offers the industry's most trusted online platform, enabling
buyers and sellers to transact using four flexible sales methods: live
auction, online-only (timed) auction, buy now, or make offer. Proxibid
offers inventory across 16 categories, representing all major inventory
classes. All purchases on Proxibid are backed by the company's
sophisticated risk management system, designed to ensure buyers and
sellers are safe when transacting online.

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About Proxibid
Proxibid provides auction companies and asset
owners with access to the most trusted way to buy and sell highly valued
items online. More than $4 billion in inventory passes through the
Proxibid platform annually via live and timed auctions, and Buy
Now and Make Offer transactions, across 16 categories including: heavy
equipment, industrial machinery, real estate, fine art, antiques and
collectibles, and more.

Founded in 2001, Proxibid is headquartered in Omaha, NE with offices in
London. For more information about Proxibid, please visit www.proxibid.com.

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