Revenue (Tables)

12 Months Ended

Dec. 31, 2023

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following table summarizes the primary components of Marketplace and service revenue. This level of disaggregation takes into consideration how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors for the years ended December 31, 2023, 2022 and 2021 (in thousands):

	2023		2022		2021
Auction marketplace revenue	$	210,930	$	175,721	$	164,215
Other marketplace revenue		179,002		152,959		121,020
Data services revenue		32,595		32,905		23,115
Marketplace and service revenue	$	422,527	$	361,585	$	308,350

Contract liabilities represent consideration collected prior to satisfying performance obligations. The Company had $4.2 million and $3.8 million of contract liabilities included in Accrued other liabilities on the Consolidated Balance Sheets as of December 31, 2023 and December 31, 2022, respectively. Revenue recognized for the year ended December 31, 2023 from amounts included in deferred revenue as of December 31, 2022 was $3.8 million. All the remaining performance obligations for contracts are expected to be recognized within one year.