NextLot Inc. is a software company specializing in online and webcast auction technology, enabling auctioneers to run digital auctions efficiently and securely. NextLot Inc. develops a platform that supports three main auction formats: Timed Auction, Webcast, and Pre-bid. Their technology is designed to give auctioneers control over their customer base, preserving client relationships by avoiding the need for public auction portals that expose buyers to competing auctioneers.
NextLot's platform streamlines the auction process by providing flexible digital formats:
- Timed Auctions allow buyers to bid within a set timeframe.
- Webcast Auctions combine online bidding with a live-streamed auctioneer.
- Pre-bid lets bidders place offers before a live or webcast event begins.
This approach helps auctioneers build brand loyalty, maintain full ownership of their customer data, and reduce competitive exposure. By focusing on technology tailored for auction houses, NextLot aims to help clients grow their businesses and achieve greater success in the digital auction market.
Who Uses NextLot Inc.?
NextLot primarily serves auctioneers and auction companies seeking robust, private-label online auction solutions. Some of their notable customers include:
- Wilson Auction & Realty
- Mack Auction Company
- Resource Auction
- Habatat Galleries Detroit
- John Peck Auctions
- Kerkhoff Auction & Real Estate
- Bruce Schapansky Auctioneers Inc.
- Monaco Legend Group
These organizations use NextLot's platform to manage their auctions and maximize bidder engagement while keeping control over their customer relationships.
How Was NextLot Inc. Started?
NextLot Inc. was founded in Raleigh, North Carolina, by a team with experience in technology and auction operations. The founding and leadership team includes:
- Scott Finkelstein: CEO & Co-Founder
- Norman Finkelstein: Co-Founder & Advisor
- Matt Henderson: Chief Operating Officer
- Brooke Goad: Director of Customer Success
- Chris Goad: Director of Operations
- Taylor Twine: Director of Product
Their combined backgrounds in software development and auction management have shaped NextLot's focus on empowering auctioneers with industry-leading technology. More about their story can be found on their About page.
Where Is NextLot Inc. Based?
NextLot Inc. is headquartered in Raleigh, North Carolina, United States, and employs between 11-50 people.
Use PromptLoop to Uncover Company Data
Looking for more company insights like this? PromptLoop helps you go deeper, providing unique data points and analysis on companies like NextLot Inc. and many others. Automate your research and find the information that matters most. Discover how PromptLoop can accelerate your market intelligence. Get A Free Demo to learn more.