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LiveAuctioneers.com reports strong 1st-quarter results

NEW YORK (LAPRS) – LiveAuctioneers.com, the Manhattan-based technology company that provides Internet live-bidding services to more than 1,200 auction houses worldwide, has released first-quarter statistics indicating continued strong growth, both domestically and abroad. Additionally, there was a remarkable 148% increase in the use of LiveAuctioneers’ bidding app via mobile devices as compared to Q1 2011.

During the first quarter, the numbers were positive for site traffic, unique visitors and webpage views. From Jan. 1 through March 31, 2012, there were more than 7.8 million visitors to LiveAuctioneers.com, an increase of 10.1% over the same quarter of 2011. On average, visitors spent 25.13% more time on the LiveAuctioneers site per visit than they did in the first quarter of 2011, and 34.17% more page views were recorded.

The dramatic rise in app usage resulted in 930,114 mobile visits, compared to 374,708 in Q1 2011. Pages viewed per visit through mobile devices increased by 20.1%, and the average visit duration was 25.4% longer.

“Apps have become a way of life for busy people. We knew that it would only be a matter of time before our mobile app caught fire. It certainly did that in the first quarter, and we believe it will only continue to grow going forward,” said LiveAuctioneers CEO Julian R. Ellison.

LiveAuctioneers’ push into Europe and China netted substantial results. The number of Chinese visitors to the site soared nearly 30% over last year’s first-quarter numbers. In the United Kingdom, the number of visits recorded during the first quarter was up by 12.5% compared to Q1 2011.

In response to the interest British auction houses have expressed to LiveAuctioneers about expanding their global profile, the firm hired a Business Development Director for the UK earlier this month. Jamie Dwelly, who has a substantial background in fine art, now represents the company in Britain, dividing his time between offices in Greater London and Folkestone, Kent.

“An unstoppable momentum has been felt throughout our organization for some time, now,” said Ellison. “Auctioneers tell us they are consistently impressed by our customer service team and the quality of our digital arts publication Auction Central News. Our in-house boutique PR agency, LiveAuctioneers PR Services, is another of our great success stories. Together, the many aspects of LiveAuctioneers converge to create a complete package for our auction-house partners.”

Online: www.LiveAuctioneers.com

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Media contact: pr@liveauctioneers.com