March 04, 2000
Jerome J. Manning & Co., Inc. has sold thousands of real properties through conventional on-site and ballroom auctions. More than 10,000 auctions have been performed over the company's twenty-five years of existence. However, this sale marks the first time in the company's history that a real estate auction sale will be transacted over the Internet in real time, allowing internet buyers to compete within the traditional onsite environment.
"We are proud to have the expertise and knowledge of the people at thunderBID.com to guide us through the initial steps into the real estate cyber-market," said Jerry Manning, JJManning.com's president and founder. "This announcement signals a shift within the traditional real estate auction world. The Internet is clearly changing the shape of the real estate industry and JJManning.com with thunderBID.com will play a major role in making real estate more accessible to people around the world."
Among the investment properties being sold over the Internet by Manning, are multiple family dwellings, retail buildings, office buildings, apartment buildings and land.
In April 1999, JJManning.com and several well-respected real estate auctioneers across the country entered into a service agreement with thunderBID.com and together the companies have launched a new type of auction website. A site for auctioneers and by auctioneers, that features premium auctions of real estate, antiques, fine art and collectibles from around the country. The thunderBID.com site, supported by a national network of more than 175 auction houses, is the premier auction professionals' site for real time online auctions.
Contact: Sophia Lyman 508.362.1074
Jerome J. Manning, President 800.521.0111
Company Name: Jerome J. Manning & Co., Inc. - JJManning.com
Web Address: http://www.JJManning.com
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