Liquidity Services, which runs surplus and liquidation marketplaces including GovDeals, acquired Auction Holdings, the owner of the Invaluable and AuctionZip auction marketplaces and RFC Auction Systems software, for $80 million in cash. Invaluable connects thousands of auction houses, including Sotheby’s and Bonhams, with about 4 million registered bidders worldwide, and the businesses processed more than $500 million in gross merchandise sales last year. AuctionZip serves smaller US auctioneers selling estate goods, furniture, jewelry and real estate. Invaluable CEO Brett Malone said the deal will speed up its work on shipping, payments and AI tools, and his leadership team will stay on to run both brands.
