Proxibid shattered records in March for online sales, new bidder account creations and the number of events hosted in a single month. The live-auction webcasting service said online sales for the month of March increased 56% over the same period in March 2009, while the number of new account creations increased 46% year-over-year.

The company also realized a 47% increase in online sales and a 14% increase in the number of new bidder registrations in the first quarter of 2010 compared to the same period in 2009.

Proxibid's proprietary online bidding solution emulates the live auction bidding experience, without having to travel to a live event.

Proxibid said it experienced growth in Internet traffic during the first quarter, as Web site traffic increased 16% and page views increased 35% over the same period in 2009. The company attributed the increases to its new Internet marketing campaign; the growing popularity of online bidding; and enhancements to its online bidder registration process.