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HiBid

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uuid0007wx7

Namestring
HiBid
Legal namestring
402 Ventures, LLC
Websiteurl
hibid.com
Company typeenum
Private
Founded yearstring
-
Descriptiontext

HiBid is an online auction marketplace operated by 402 Ventures, LLC, a privately held Delaware LLC headquartered in Lincoln, Nebraska. The platform connects third-party sellers — including independent auctioneers, professional auction firms, government agencies, law enforcement, estate managers, and individuals — with bidders for live webcast, online-only, absentee, and listing-only auctions across 18+ categories spanning art, antiques, collectibles, coins and currency, jewelry, fashion, home goods, vehicles, real estate, construction and farm equipment, boats and aviation, and business/industrial inventory.

The core product is the hibid.com web platform, which supports real-time bidding, max-bid automation, automated auction time extensions, and live webcast streaming of physical auction events. The platform is integrated with Auction Flex, a separate auction management software product, which serves as the seller-side onboarding and management layer (sellers enter through trial.auctionflex.com/sell-on-hibid). Platform infrastructure includes SSL/TLS-encrypted payments, nine-language localization (English, Danish, German, Dutch, Spanish, French, Italian, Polish, Portuguese), state- and province-level geographic discovery, and category-based search. HiBid acts strictly as a marketplace technology provider and does not act as auctioneer or take possession of goods.

The business model is transaction-based: bidders register free of charge while sellers pay platform fees (undisclosed publicly, requiring contact with a 402 representative) plus optional paid advertising for enhanced auction visibility. Individual sellers may additionally charge buyers a buyer's premium on top of the hammer price (examples observed ranging from 4% to 18%). Go-to-market is self-serve and product-led: bidders discover auctions organically through search, category browsing, and email subscriptions, while sellers are acquired primarily through the Auction Flex software channel. The firmographic employee range of 1,001-5,000 likely encompasses affiliated auctioneer/seller ecosystem users or Auction Flex personnel rather than HiBid-direct staff. The company is independently owned with no disclosed external funding, parent company, or M&A activity in the source materials.

Short descriptiontext

HiBid is an online auction marketplace connecting third-party auctioneers, government agencies, and individual sellers with bidders across 18+ categories and four countries, supporting live webcast, online-only, and absentee auction formats through its web platform integrated with Auction Flex software.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersOcala, United States
HQ citystring
Ocala
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices2 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
online auction platform, live webcast auctions, auction management software, online bidding marketplace, asset liquidation auctions
Industry1 code
1Online/Virtual Real Estate Auctions (Marketplace Platforms)
CodeBPAJAEAJPrimaryYes
Product category
Online Auction Marketplace
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model2 records
1Auction Transaction Fees
TypeTransaction Fee
Description

HiBid charges sellers fees for listing and conducting auctions through the platform. The specific fee structure requires contacting a 402 representative. Additional advertising options are available for purchase by sellers.

hibid.com
2Buyer's Premium
TypeTransaction Fee
Description

Individual sellers may charge a buyer's premium (additional fee above auction price) to winning bidders, as disclosed in seller auction terms

hibid.com
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels4 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales
Pricing details1 tier
1Platform access for bidders is free to register; fees apply to sellers for listing auctions
ModelTransaction based/ take rateBilling cadencePay-as-you-go
Notes

Seller fees determined by contacting 402 representative. Additional paid advertising available for enhanced auction visibility.

hibid.com
GTM typeB2B
B2B
Offering typeDigital Commerce or Conte…
Digital Commerce or Content
Core offering1 text field

HiBid is an online auction marketplace that connects third-party sellers (auctioneers, businesses, government agencies, and individuals) with bidders through a web-based platform. The platform supports multiple auction formats including live webcast, online-only, absentee, and listing-only auctions across 18+ categories such as art, antiques, collectibles, vehicles, real estate, jewelry, and industrial equipment. HiBid functions as a technology intermediary and does not act as an auctioneer or take possession of items, instead providing listing, bidding, payment processing, and auction management software integration (Auction Flex) to facilitate transactions.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

HiBid is a single unified online auction platform operated by 402 Ventures, LLC. The platform enables sellers to list items for auction through AuctionFlex-compatible software and allows bidders to participate in live webcast, online-only, absentee, and listing-only auctions across a wide variety of categories including antiques, art, vehicles, real estate, jewelry, and industrial equipment. HiBid serves as a marketplace intermediary connecting auctioneers with buyers, supporting geographic search, category browsing, watchlists, and max-bidding features.

Product and service1 record
1HiBid.com Online Auction Marketplace
Scale indicator3 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
Strategic tierCoreTypeTechnology or Integration
Description

Auction Flex is auction management software used by sellers to list and manage auctions on HiBid. HiBid directs sellers to trial.auctionflex.com/sell-on-hibid for seller onboarding. Auction Flex provides the underlying auction management technology (cloud services, 360 services) integrated with HiBid platform.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

PropertyRoom.com is an online auction platform handling stolen, seized, and recovered property primarily for law enforcement agencies. It directly competes with HiBid in the police seizure and asset recovery segment of the institutional seller market.

TypeBroad incumbent
Description

Auction.com is a major online marketplace for residential and commercial real estate auctions, including foreclosure, bank-owned, and traditional property sales. It competes with HiBid's real estate category with deeper specialization and stronger buyer-side liquidity in property auctions.

TypeBroad incumbent
Description

eBay is the largest generalist online marketplace with significant auction-format listings, particularly in collectibles, antiques, jewelry, and consumer goods. While not exclusively an auction platform, it competes with HiBid for bidders and sellers across many of the same consumer categories.

TypeDirect peer
Description

Bidsquare is an online auction aggregator for premier auction houses, focused on art, antiques, jewelry, and decorative arts. It directly competes with HiBid's collector-oriented categories and offers live bidding functionality similar to HiBid's webcast capabilities.

TypeDirect peer
Description

Invaluable is an online auction platform aggregating thousands of auction houses worldwide, primarily for fine art, antiques, jewelry, and collectibles. It is a direct competitor to HiBid in online-only and live bidding for premium auction house inventory.

TypeDirect peer
Description

GovDeals is an online auction platform specializing in government surplus, seized assets, and public agency liquidations across US states and municipalities. It directly competes with HiBid's institutional seller segment including police seizures and government surplus auctions.

TypeDirect peer
Description

LiveAuctioneers is an online auction platform specializing in art, antiques, jewelry, furniture, and collectibles, connecting auction houses with global bidders. It competes directly with HiBid in the online-only and live webcast auction formats for lifestyle and collectible categories.

TypeEmerging player
Description

Copart is a leading online vehicle auction platform specializing in salvage, used, and titled vehicles from insurance companies, banks, and dealers. While it is more specialized than HiBid, it competes in HiBid's vehicles category and represents the broader online auction model applied to a vertical.

TypeDirect peer
Description

GovPlanet is an online auction marketplace for heavy equipment, trucks, and government/commercial assets. It competes with HiBid in the construction, farm, and business/industrial categories where institutional sellers dispose of surplus machinery and vehicles.

TypeDirect peer
Description

Proxibid is a leading online auction marketplace connecting sellers (auctioneers, dealers, and wholesalers) with bidders across categories including heavy equipment, industrial assets, and collectibles. It is a direct competitor to HiBid in the online auction platform space with similar live webcast and timed-auction capabilities.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature6 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
Compliance1 record

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

HiBid

Online Auction Marketplacehibid.com

HiBid is an online auction marketplace connecting third-party auctioneers, government agencies, and individual sellers with bidders across 18+ categories and four countries, supporting live webcast, online-only, and absentee auction formats through its web platform integrated with Auction Flex software.

What HiBid does

HiBid is an online auction marketplace operated by 402 Ventures, LLC, a privately held Delaware LLC headquartered in Lincoln, Nebraska. The platform connects third-party sellers — including independent auctioneers, professional auction firms, government agencies, law enforcement, estate managers, and individuals — with bidders for live webcast, online-only, absentee, and listing-only auctions across 18+ categories spanning art, antiques, collectibles, coins and currency, jewelry, fashion, home goods, vehicles, real estate, construction and farm equipment, boats and aviation, and business/industrial inventory.

The core product is the hibid.com web platform, which supports real-time bidding, max-bid automation, automated auction time extensions, and live webcast streaming of physical auction events. The platform is integrated with Auction Flex, a separate auction management software product, which serves as the seller-side onboarding and management layer (sellers enter through trial.auctionflex.com/sell-on-hibid). Platform infrastructure includes SSL/TLS-encrypted payments, nine-language localization (English, Danish, German, Dutch, Spanish, French, Italian, Polish, Portuguese), state- and province-level geographic discovery, and category-based search. HiBid acts strictly as a marketplace technology provider and does not act as auctioneer or take possession of goods.

The business model is transaction-based: bidders register free of charge while sellers pay platform fees (undisclosed publicly, requiring contact with a 402 representative) plus optional paid advertising for enhanced auction visibility. Individual sellers may additionally charge buyers a buyer's premium on top of the hammer price (examples observed ranging from 4% to 18%). Go-to-market is self-serve and product-led: bidders discover auctions organically through search, category browsing, and email subscriptions, while sellers are acquired primarily through the Auction Flex software channel. The firmographic employee range of 1,001-5,000 likely encompasses affiliated auctioneer/seller ecosystem users or Auction Flex personnel rather than HiBid-direct staff. The company is independently owned with no disclosed external funding, parent company, or M&A activity in the source materials.

HiBid firmographics

Firmographics
Name
HiBid
Legal name
402 Ventures, LLC
Website
https://hibid.com
Company type
Private
Operating status
Operating
Headcount range
1,001–5,000 employees
Short description
HiBid is an online auction marketplace connecting third-party auctioneers, government agencies, and individual sellers with bidders across 18+ categories and four countries, supporting live webcast, online-only, and absentee auction formats through its web platform integrated with Auction Flex software.
Ownership category
akta.pro rank

HiBid industry classification

Industry
Product category
Online Auction Marketplace
akta.pro primary industry
Online/Virtual Real Estate Auctions (Marketplace Platforms) (BPAJAEAJ)

Keywords

  • Online auction platform
  • Live webcast auctions
  • Auction management software
  • Online bidding marketplace
  • Asset liquidation auctions

Where HiBid is headquartered

Location

Headquarters

HQ city
Ocala
HQ country
United States
HQ region
North America

Offices2 records

Markets served

HiBid business model

Business model
GTM type
B2B
Offering type
Digital Commerce or Content
Cost components
Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales

Revenue model

  1. Auction Transaction Fees: HiBid charges sellers fees for listing and conducting auctions through the platform. The specific fee structure requires contacting a 402 representative. Additional advertising options are available for purchase by sellers.
  2. Buyer's Premium: Individual sellers may charge a buyer's premium (additional fee above auction price) to winning bidders, as disclosed in seller auction terms

Pricing tiers

ModelBillingPrice
Transaction based/ take ratePay-as-you-goPlatform access for bidders is free to register; fees apply to sellers for listing auctions

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

HiBid product offering

Product offering

Core offering

HiBid is an online auction marketplace that connects third-party sellers (auctioneers, businesses, government agencies, and individuals) with bidders through a web-based platform. The platform supports multiple auction formats including live webcast, online-only, absentee, and listing-only auctions across 18+ categories such as art, antiques, collectibles, vehicles, real estate, jewelry, and industrial equipment. HiBid functions as a technology intermediary and does not act as an auctioneer or take possession of items, instead providing listing, bidding, payment processing, and auction management software integration (Auction Flex) to facilitate transactions.

Product overview

HiBid is a single unified online auction platform operated by 402 Ventures, LLC. The platform enables sellers to list items for auction through AuctionFlex-compatible software and allows bidders to participate in live webcast, online-only, absentee, and listing-only auctions across a wide variety of categories including antiques, art, vehicles, real estate, jewelry, and industrial equipment. HiBid serves as a marketplace intermediary connecting auctioneers with buyers, supporting geographic search, category browsing, watchlists, and max-bidding features.

Differentiator

Problem solved

Functional benefit

Products and services

  • HiBid.com Online Auction Marketplace

Companies that use HiBid

Customer profile

Segments3 records

Ideal customer profiles2 records

HiBid technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature6 records

HiBid partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • Auction FlexcoreTechnology or IntegrationAuction Flex is auction management software used by sellers to list and manage auctions on HiBid. HiBid directs sellers to trial.auctionflex.com/sell-on-hibid for seller onboarding. Auction Flex provides the underlying auction management technology (cloud services, 360 services) integrated with HiBid platform.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

HiBid competitors and assessment

Company assessment

Direct peers

  • PropertyRoom.com: PropertyRoom.com is an online auction platform handling stolen, seized, and recovered property primarily for law enforcement agencies. It directly competes with HiBid in the police seizure and asset recovery segment of the institutional seller market.
  • Bidsquare: Bidsquare is an online auction aggregator for premier auction houses, focused on art, antiques, jewelry, and decorative arts. It directly competes with HiBid's collector-oriented categories and offers live bidding functionality similar to HiBid's webcast capabilities.
  • Invaluable: Invaluable is an online auction platform aggregating thousands of auction houses worldwide, primarily for fine art, antiques, jewelry, and collectibles. It is a direct competitor to HiBid in online-only and live bidding for premium auction house inventory.
  • GovDeals: GovDeals is an online auction platform specializing in government surplus, seized assets, and public agency liquidations across US states and municipalities. It directly competes with HiBid's institutional seller segment including police seizures and government surplus auctions.
  • LiveAuctioneers: LiveAuctioneers is an online auction platform specializing in art, antiques, jewelry, furniture, and collectibles, connecting auction houses with global bidders. It competes directly with HiBid in the online-only and live webcast auction formats for lifestyle and collectible categories.
  • GovPlanet: GovPlanet is an online auction marketplace for heavy equipment, trucks, and government/commercial assets. It competes with HiBid in the construction, farm, and business/industrial categories where institutional sellers dispose of surplus machinery and vehicles.
  • Proxibid: Proxibid is a leading online auction marketplace connecting sellers (auctioneers, dealers, and wholesalers) with bidders across categories including heavy equipment, industrial assets, and collectibles. It is a direct competitor to HiBid in the online auction platform space with similar live webcast and timed-auction capabilities.

Broad incumbents

  • Auction.com: Auction.com is a major online marketplace for residential and commercial real estate auctions, including foreclosure, bank-owned, and traditional property sales. It competes with HiBid's real estate category with deeper specialization and stronger buyer-side liquidity in property auctions.
  • eBay: eBay is the largest generalist online marketplace with significant auction-format listings, particularly in collectibles, antiques, jewelry, and consumer goods. While not exclusively an auction platform, it competes with HiBid for bidders and sellers across many of the same consumer categories.

Emerging players

  • Copart: Copart is a leading online vehicle auction platform specializing in salvage, used, and titled vehicles from insurance companies, banks, and dealers. While it is more specialized than HiBid, it competes in HiBid's vehicles category and represents the broader online auction model applied to a vertical.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

HiBid social profiles

Digital presence

HiBid compliance and trust

Trust signal

Compliance1 record

HiBid financial estimates

Financial estimate

Revenue estimate

Valuation estimate

HiBid leadership team

Management profile

Number of profiles

HiBid funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

HiBid M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about HiBid

What does HiBid do?

HiBid is an online auction marketplace that connects third-party sellers (auctioneers, businesses, government agencies, and individuals) with bidders through a web-based platform. The platform supports multiple auction formats including live webcast, online-only, absentee, and listing-only auctions across 18+ categories such as art, antiques, collectibles, vehicles, real estate, jewelry, and industrial equipment. HiBid functions as a technology intermediary and does not act as an auctioneer or take possession of items, instead providing listing, bidding, payment processing, and auction management software integration (Auction Flex) to facilitate transactions.

Is HiBid a public or private company?

HiBid is a private company. It is classified as unknown and is currently operating.

When was HiBid founded?

HiBid was founded in -1. It employs 1,001 to 5,000 people.

Where is HiBid based?

HiBid is headquartered in Ocala, United States, in the North America region.

How does HiBid make money?

Two revenue lines are on record. Auction Transaction Fees are the primary driver. The others are buyer's Premium.

Who are HiBid's main competitors?

Direct peers on record are PropertyRoom.com, Bidsquare, Invaluable, GovDeals, LiveAuctioneers, GovPlanet and Proxibid. Broad incumbents are Auction.com and eBay. Copart is listed as an emerging player.

Does HiBid have an API?

No public API is recorded for HiBid.

What industry is HiBid in?

HiBid's product category is Online Auction Marketplace. Its primary akta.pro industry code is BPAJAEAJ, Online/Virtual Real Estate Auctions (Marketplace Platforms).

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Contact sales
Live signals
PrwebAuctionAdvisors and HiBid Announce Next Bankruptcy Auction of 29 Late-Model School Buses Following Successful Initial SaleAuctionAdvisors and HiBid have announced a second online auction of 29 late-model school buses following the successful completion of an initial sale in an ongoing bankruptcy proceeding. The upcoming offering features vehicles from manufacturers including Blue Bird, Collins Bus Corp., and Van Con, with bidding scheduled to open on August 23, 2026. This event continues the liquidation process aimed at maximizing asset recovery for creditors within the bankruptcy estate.Third NewsHiBid Welcomes Ross Paul as New CTO to Drive Technological InnovationHiBid, a leading online auction platform in North America with over $2 billion in annual gross merchandise value, has appointed Ross Paul as its new Chief Technology Officer. Paul brings over 20 years of experience, having previously served as CTO at Phillips and 1stDibs, where he guided the company from Series A funding through its Nasdaq IPO. In his new role, Paul will lead HiBid's technological advancement and modernization efforts while maintaining focus on user accessibility, according to CEO Pat McCusker.Investing.comHiBid appoints Ross Paul as chief technology officer By Investing.comHiBid announced the appointment of Ross Paul as Chief Technology Officer, according to a press release from the online auction platform. Paul brings over 20 years of experience in the auction and e-commerce sectors, most recently serving as CTO of Phillips and previously as CTO of 1stDibs, where he led engineering through its IPO. In his new role, Paul will lead HiBid's engineering organization and oversee the continued modernization of its platform, which transacts over $2 billion in annual gross merchandise value.PR NewswireHiBid Names Ross Paul, Former CTO of Phillips and 1stDibs, as Chief Technology OfficerHiBid has appointed Ross Paul as Chief Technology Officer, bringing over 20 years of experience from Phillips and 1stDibs. Paul will oversee the modernization of HiBid's platform, which is one of the largest online auction platforms in North America with over $2 billion in annual GMV. The company aims to enhance its technology infrastructure under his leadership.Stock TitanHiBid Names Ross Paul Chief Technology OfficerHiBid, one of the largest online auction platforms in North America with over $2 billion in annual GMV, has named Ross Paul as Chief Technology Officer. Paul brings more than 20 years of experience in the auction and e-commerce industries, most recently serving as CTO of Phillips and previously as CTO of 1stDibs, where he led engineering through the company's IPO. He will lead HiBid's engineering organization and the continued modernization of its platform.AuctionmethodWhat to Know Before Choosing an Auction PlatformThe article provides guidance for auction businesses on selecting between marketplace, SaaS, and custom-built platforms, emphasizing the importance of data ownership and avoiding vendor lock-in. It highlights HiBid as a specific example of a marketplace route while advocating for SaaS or custom solutions to build independent brand assets.PR NewswireHiBid Appoints Pat McCusker as Chief Executive OfficerHiBid, an auction technology company operating the HiBid.com platform and Auction Flex 360 software, has appointed Pat McCusker as its new Chief Executive Officer, effective immediately. McCusker brings 25 years of experience scaling software and marketplace businesses, including co-founding AuctionMax and serving as Co-Founder and President of Fast Radius, which he led through a public listing before its sale to a private equity firm. The company, which manages over $2 billion in annual sales, will open a new office in Chicago, Illinois under his leadership.PR NewswireFrom 'Man Cave' Collectibles to Sports Cars and Fine Jewelry, HiBid Auctions Have Them AllHiBid.com, an online auction platform integrated with Auction Flex 360, released holiday season performance data highlighting 594,739 lots sold and over $48.5 million in total hammer value during the week of November 20-26, 2023. The platform featured hundreds of active auctions including collectibles, vintage automobiles, fine jewelry, and real estate properties from various sellers. HiBid positions itself as a comprehensive auction management solution supporting live, timed, and internet absentee bidding for auctioneers and bidders worldwide.PR NewswireHiBid Auctions Hit $49.3M GMV Last Week; Duck Decoys, Bicycles, Restaurant Equipment, and More Open for BiddingHiBid.com reported $49.3 million in gross merchandise value (GMV) and $82.1 million in total hammer value for the week of October 16-22, 2023, with 698,529 lots sold across 1,849 timed and live auctions and over 3.8 million bids placed. The platform also highlighted currently open auctions featuring items such as duck decoys, restaurant equipment, bicycles, and motorized tricycles. HiBid operates as an online auction platform integrated with Auction Flex 360 auction management software.PR NewswireHiBid Auctions Reach $48.6M GMV Last Week, with Classic Cars, Artwork, Housewares, and More Now Open for BiddingHiBid.com reported strong auction activity for the week of October 9-15, 2023, with bidders placing over 3.7 million bids on 707,876 lots that generated over $48.6 million in gross merchandise value across 1,735 timed and live auctions. The platform is currently featuring diverse auction categories including collector cars, vintage items, artwork, and housewares, with total hammer value surpassing $81.4 million. HiBid operates as an online auction platform integrated with Auction Flex 360 auction management software.