Apple Valley Artist JuliAnne Jonker’s Work in Sotheby’s First Online Auction for 21st Century Realism | Apple valley
The painting ‘Espere’ also on display in New York
A 277-year-old auction house opened its first-ever online auction for “significant 21st century realism” on July 16, with works of art for sale, including one created by the artist. ‘Apple Valley JuliAnne Jonker.
Sotheby’s is organizing the online sale of 28 works of art from the 15th International Art Renewal Center Salon Competition. Bids for the auction end on Monday July 26 at sothebys.com.
The competition received 4,941 entries from 83 countries. Of these entries, 91 were chosen to be exhibited in person at the 15th Annual ARC International Show in New York City from July 16-26.
Jonker’s painting “Espere” (which means hope in French) is one of 28 works of art in the online auction and 91 pieces on display in New York. She said it’s one of the biggest honors she’s received in her artistic career.
“It’s amazing and unreal,” she said.
The subject of the painting, his granddaughter, Isabella at the age of 3, is depicted with a bird’s nest filled with eggs above her head. Isabella’s face is lowered, eyes closed.
The painting was the fourth in a series created by Jonker and titled “Transcendence”. Each piece had human subjects but the works were more conceptual. The theme of the show was to get to a place of peace no matter what in life, Jonker said.
“This whole series is about this inner place, whether it is abuse or illness or the death of your parents, everything that people have to overcome in life,” she said.
The eggs in the painting represent new life, new things happening, or new ways of thinking, Jonker said.
Jonker, who graduated from Burnsville High School in 1975, and her husband have lived in Apple Valley since 1989. They have four grown children – two sons and two daughters – all of whom are graduates of the Rosemount-Apple Valley-Eagan School District, and six grandchildren. Jonker lived in Mexico, Texas and California before returning to Minnesota.
Jonker grew up in a family of creatives, with parents who were jazz musicians. Her siblings and children also studied art media, including music, writing, painting, textiles, hairdressing, and acting.
As an adult, Jonker worked with several artistic media including sculpture, photography, mixed media, watercolor, and wax painting.
She describes herself on her website as a “realistic painter creating commissioned portraits and figurative works in a variety of media”.
According to Sotheby’s website, the artwork on display for the ARC Salon exhibit was created by a diverse group of artists working in the realist tradition.
“Initially as a whisper in the 1980s, the 21st century figurative art movement has grown exponentially along with interest and demand. We anticipate that this public sale organized by Sotheby’s will be the first in a long series. 21st century figurative art cannot be confused with any other period of fine art, as it is inherently an expression of today’s society, communicating our common humanity, ”the site says. “For 100 years, artists have been deconstructing works of art, creating visually flat paintings, throwing paint or even showing blank canvases. At the time, it was new, exciting and shocking. Today, in the 21st century, thousands of artists and collectors want to start rebuilding and reclaiming our universal visual language, like the great theater, by suspending disbelief and expressing it with beauty, poetry and grace.
The 28 pieces of art in the auction have estimated starting bids ranging from $ 4,000 to $ 120,000.
Jonker and her husband traveled to New York City for an artist reception at the exhibition on July 16. Some of the attendees she knew from other museum exhibits, and she first met them in person.
“Everyone I met there was really nice. They weren’t like the stereotype of an arrogant gallery owner, ”she said.
Once the New York exhibition closes, the exhibition will move to the European Museum of Modern Art in Barcelona, Spain, from October 8 to December 12.
This is not the first time that “Espere” has been exhibited to the public. Jonker said it was also exhibited at 33 Contemporary Gallery in Chicago in 2020. Physicist and author Samuel Peralta was the curator and he discovered “Espere” in this collection.
Peralta is also the curator and coordinator of the Peregrine Collection as part of the Artists on the Moon project, which joined NASA’s science payloads sent to the moon this year. Another of Jonker’s paintings, “Vision at Ghost Ranch” is one of the creative works sent to the moon along with the Peregrine Collection as part of a time capsule. Digital copies of the works of art are stored there.
Jonker said Peralta personally texted him asking if he could send a digital copy of “Espere” with another lunar launch for the Nova collection. According to ARC, “Espere” is one of 23 works at this year’s ARC Salon International Exhibition chosen to be part of the Nova collection.
This collection is expected to launch in January 2022, according to lunarcodex.com, the main site of the Global Moon Project.
Jonker said when Isabella heard that “Vision at Ghost Ranch” was going to the moon, she asked, “Why can’t my painting go to the moon?” She has been happy since learning that her wish will now be granted.
“Every time we watch it we can tell it’s up there,” Jonker said.
The era of public auctions may be back, but not all auctions have returned to the auction house yet.
Cork City’s agricultural consultants and land agents, The Brady Group, have chosen the online option for the sale of a rare 76-acre non-residential farm located near Mitchelstown in north Cork.
The auction will take place on September 2 at 2:30 p.m. via their website, www.bradygroup.ie
The farm is located in the town of Killaclug West, approximately 3 miles from the bustling market town and industrial base of Mitchelstown and just 3.5 miles from the Mitchelstown ring road, which connects the main Cork-Dublin motorway.
It is a rural area, but it is exceptionally well served by the road network, while being within commuting distance of Mitchelstown, Fermoy and Mallow.
The property is shown in its entirety, but there are options to purchase in lots, according to selling agents, who say the farm is available in lots of eight acres and larger.
The farm has significant frontage to the road and, according to Mike Brady, there is good access to all fields.
“The land is well served by an agricultural road,” explains Mike, “and the paddocks make it easier to manage the grasslands. ”
He describes the land as fertile grassland with a proven history of long grazing seasons.
“This farm would suit a commercial farmer or a hobby farmer,” says Mike, adding that it also has no shortage of aesthetic charms, with many mature trees on site, lending a majestic, old-fashioned vibe to the farm.
Although the barnyard requires the construction of a new entrance, there is a good set of useful outbuildings.
These include a livestock shed and feed passage for up to 70 cows, open silage pits, an open slurry / manure store, as well as other sheds. general purpose storage.
The agents cite an AMV of € 600,000.
And, at just under $ 8,000 an acre, that level will certainly get people to bid, but one would expect the price to end up being significantly higher.
The Nashville Sounds are hosting an online auction of the military appreciation jerseys used by the team to benefit the Charlie and Hazel Daniels Veterans and Military Family Center at Middle Tennessee State University, the club said in a press release on Tuesday. .
The auction began on Tuesday and continues until Friday, August 13 at 6 p.m.
The Sounds have worn the military camouflage jerseys during the 2019 season and twice so far in 2021: May 15 and July 3.
The club will wear them one last time as part of Military Appreciation Night on Sunday August 8th.
Offers for jerseys are now being accepted at bit.ly/SoundsMilitaireJerseyAuction.
The Sounds offers discounts on military family tickets for every game at First Horizon Park. A $ 2 discount on ticket prices for a game is available for any reserved section seat, subject to availability. Offer valid for a maximum of four tickets per government-issued military ID presented at the Sounds box office.
MTSU’s Daniels Center is the largest and most comprehensive veterans center of any public college campus. It enables more than 1,200 military-related MTSU students to have a one-stop shop to meet a variety of academic needs. It also allows military-related students to study, come together, and get help from their fellow veterans, who will serve as peer advisers and sponsors.
The center is also a resource for veterans and their families without restriction or obligation to be students, faculty or staff of the MTSU. To find out more, visit mtsu.edu/military.
The Nashville Sounds are the Triple-A affiliate of the Milwaukee Brewers and play at First Horizon Park. One-game tickets are on sale for all remaining home games in 2021. For more information, call 615-690-4487 or email [email protected]
Two Romanian nationals accused of playing a role in an international system of online auction fraud | USAO-NDOH
Acting US lawyer Bridget M. Brennan has announced that two Romanian nationals have been indicted in a twelve-count indictment, unsealed in federal court today, due to their role in a criminal network International, whose members are engaged in a massive online auction fraud program that targeted victims in the Northern Ohio District and elsewhere in the United States.
Costel Alecu, 37, from Bucharest, Romania, and Madalin Ghinea, 34, from Alexandria, Romania, are both charged in the indictment with one count of conspiracy to commit wire fraud, eight counts of wire fraud, one count of conspiracy to traffic counterfeit service marks, one count of conspiracy to commit money laundering and one count of aggravated identity theft. Alecu and Ghinea were arrested by Romanian authorities in March 2021.
The indictment alleges that from July 2008 to August 2020, Alecu, Ghinea and others known and unknown to the Grand Jury devised a scheme to entice victims in the United States and elsewhere to purchase items online, including vehicles and other valuables, which did not exist and to obtain the personally identifiable information of their victims. As a result, the victims suffered a combined loss of approximately US $ 9 million.
To carry out their scheme, Alecu and other members of the conspiracy set up accounts on various auction websites to post advertisements for goods that did not exist. In some cases, Alecu and others are said to have created and used fictitious websites, email addresses and other forms of communication with information about counterfeit brands designed to convince their victims that the ads were genuine. In addition, it is alleged that the group used a number of fraudulent online communication models and email addresses intended to trick victims into believing that they were communicating with legitimate sales representatives, when in fact, they were talking with a member of the conspiracy.
The indictment indicates that around August 2014, Alecu and Ghinea exchanged a number of these fraudulent communication models and their victims’ personal identification information for the purpose of fraud.
Alecu and others allegedly used a network of money launderers and money mules to secure payment from their victims and transfer the funds overseas.
Further, the indictment alleges that Alecu and other members of the group used the stolen personal identification information of their victims, credit cards and bank accounts to launder money at the company. abroad and fund the operation of their network by purchasing items such as virtual private networks and domain names. .
An indictment is only an accusation and does not constitute proof of guilt. An accused has the right to a fair trial in which it will be up to the government to prove their guilt beyond a reasonable doubt.
In the event of a conviction, the defendant’s sentence will be determined by the court after considering the factors specific to that case, including the defendant’s previous criminal record, if any, the defendant’s role in the offense and the characteristics of the violation. .
In any case, the penalty will not exceed the legal maximum, and in most cases, it will be less than the maximum.
This matter was investigated by the Cleveland FBI with the assistance of the Romanian authorities. This case is being pursued by Assistant U.S. Attorneys Duncan T. Brown and Brian S. Deckert of the Northern District of Ohio and Senior Counsel Timothy Flowers of the Computer Crime and Intellectual Property Section of the Criminal Division.
Online Auction Market Trends, Major Manufacturers, Online Auction Market Demand, Industry Growth Analysis and Forecast 2026
The business intelligence report on Online auction market Thoroughly assesses the previous and current business scenario to provide a conclusive insight into the growth pattern of the industry over the period 2021-2026. In addition, it includes a detailed account of the sizes and shares of markets and submarkets, with an emphasis on critical factors influencing business dynamics such as key drivers of growth, barriers and lucrative prospects. .
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According to the analyst, Online auction market Size is expected to amass substantial returns over the forecast period, increasing at XX% CAGR throughout.
The paper helps readers better understand the competitive landscape by focusing on popular strategies adopted by major competitors to ensure high profits in the years to come. In addition, he answers all questions relating to the consequences of the COVID-19 pandemic on this market.
- The Americas, APAC, Europe, the Middle East and Africa are the main regional contributors to the online auction market.
- The industry share with respect to consumption value and volume of each regional market is provided in the report.
- The role of key regions in the overall development of the market is assessed.
Product landscape overview:
- The report segments the product landscape of the online auction market into reserve price, with no reserve price, the reserve price holds a comparatively larger share in the European market and accounts for around 94% in 2018.
- The market share of each type of product is disclosed.
- Data on total accumulated sales and overall revenue generated by each product segment are mentioned.
Summary of application spectrum:
- The application spectrum of the online auction market is divided into construction, transportation, cars, consumer goods, houses, artwork and antiques, others, consumer goods hold a significant share in terms of applications and account for 32% of the market share.
- The consumption volume and value estimates of each application segment are verified by statistical data.
- Market share estimates for each application segment over the evaluation period are calculated.
Overview of the competition arena:
- The main players in the online auction market are Sotheby, Autorola, Christie, Troostwijk, Auction Technology Group, Catawiki, Auctelia, Phillips, SDL Auctions, Bonhams, Vavato, Alcopa Auction, Nagel and Easy Live Auction.
- The report provides an overview of the activities of all the companies mentioned.
- The document contains records of each competitor’s net income, operating profit, sales, pricing models, and other financial factors.
- The manufacturing facilities and operating areas of major companies are also clarified.
- Up-to-date information on investments, mergers, partnerships, acquisitions and new entrants in the vertical sector is also documented.
The scope of this report:
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects of the market. Further, it throws light on the complete competitive landscape of the global market. Global Online Auctions Market Research Report is a comprehensive business study on this state of affairs which analyzes innovative ways of growing the companies and outlines necessary factors such as leading manufacturers, production value, regions keys and growth rate.
The global online auction market size analysis report provides a detailed study of the market size of various segments and countries from previous years and forecast the values for the next five years. This report on Online Auction Market presents both qualitative and quantitative aspect of the industry with respect to the regions and countries involved in the report. Furthermore, this report also categorizes the market on the basis of type, application, trends, revenue, demand, manufacturers, and all crucial aspects of the market drivers and restraining factors that may define the growth Of the industry.
Some of the key questions this report answered:
What will the market growth rate, growth dynamics or market acceleration be during the forecast period?
What are the key factors driving the Online Auctions market?
What was the size of the emerging online auction market in value terms in 2020?
How big will the emerging online auction market be in 2026?
Which region is expected to hold the highest market share in the online auction market?
What trends, challenges and obstacles will impact the development and size of the global online auction market?
What are the sales volume, revenue, and price analysis of the major manufacturers of the Online Auctions market?
What are the Online Auctions market opportunities and threats faced by the vendors in the global Online Auctions Market?
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An astonishing range of fine art, decorations and original furniture.
The Hammer meets the Hammer on July 24, 2021 at 11:00 am, where the best of the East meets the best of the West at the Gavel & Block “Interiors” online auction. The range, which has been dubbed ‘Fil-Pan-Asian’, consists of art, décor and furniture that showcase examples of fun categories appealing to all types of collectors. The sale also serves as a fundraiser in partnership with Hands On Manila to benefit at-risk families in Pililia, Rizal.
To begin with the list would be for ceramic enthusiasts. The auction will feature antique and vintage celadon pieces from China and Japan, complemented by a selection of unique books that are said to also talk about Asian ceramics. In the same vein, chinoiserie will also make an appearance in the sale, with intriguing pieces such as a rare porcelain cup set for 12 people from the Daoguang period, a gilded leather chest from the 19th century, a vintage finely inlaid rosewood wedding cabinet, a vintage dining set for eight, and a charming variety of wood and porcelain figurines. The auction is also aimed at avid K-Drama fans, with vintage Korean cabinets that display a butterfly motif, which is a distinctive nature motif found in Korean residences.
Of course, the sale wouldn’t be complete without the fine art and furnishings from our own Filipino artists and artisans. Fans of local art will appreciate offers from national artists BenCab, Cesar Legaspi and Arturo Luz, as well as modern and contemporary artists Juvenal Sanso, Lee Aguinaldo, Nena Saguil, Lydia Velasco, Romulo Olazo and Charlie Co.
A welcoming home with Filipino artwork will go well with a well-curated selection of exquisite Filipino furniture, namely, a four column chest of drawers by Bulacan in the warm Narra, a rare caballero Kamagong piece of furniture by Cavite, a chest of drawers from Manila in extremely dense Balayong wood and a four-leaf Baliuag “magic” table made in the early 1900s from Bulacan.
Rounding out the strong line of “Fili-Pan-Asian” pieces are original fine art prints from distinct and well-known names in Western art such as Marc Chagall, Salvador Dali and Joan Miro – a perfect introduction for beginners. into the local auction scene.
The local art community is also showing its support for the cause, with artists like Norberto “Lito” Carating, Betsy Westendorp, Remy Boquiren, Ricky Ambagan and John Paul Duray donating their artwork entirely for sale. CWC Interiors also generously donates an Eames Elephant 75th Anniversary piece in Tinted Gray, an extremely desirable collector’s item for design enthusiasts and enthusiasts alike, as only 999 editions have been produced.
salcedoauctions.com | [email protected] | FB and IG: @gavelandblock
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A stunning downtown home, known as The Laneway House and architecturally designed by the vendor, sold under the Virtual Hammer on Saturday morning for $ 350,000 over its stash.
The unique and modern house with “a beach house vibe” in 12a Stott Street, Northcote, proved popular throughout the sales campaign, with over 110 parties passing through the bright and colorful house.
In the evening, Domain Group recorded a preliminary clearance rate of 67.2% out of 680 published results and 1,061 scheduled auctions, while 186 auctions were withdrawn. Canceled auctions are counted as unsold properties when calculating the liquidation rate.
Nelson Alexander Northcote’s listing agent Peter Stephens said dozens of people who walked through the Northcote home have fallen in love with its “thoughtful” and “warm” design.
“We sent out 30 contracts and had 14 registered bidders,” Mr. Stephens said.
12A Stott Street, Northcote VIC 3070
Despite the announcement Thursday night that Melbourne would enter its fifth foreclosure in 18 months – from 11:59 p.m. Thursday to 11:59 p.m. Tuesday – Mr Stephens said all interested buyers were happy to proceed with the online auction.
“Most people are now used to Zoom auctions and, in fact, some buyers tell me they feel more comfortable and confident bidding in Zoom format,” he added.
The auction for the daring three-bedroom, two-bath home started at $ 1.6 million, which was at the high end of the $ 1.5 to $ 1.6 million price range and also to the reserve of the seller.
Two buying agents clashed at the start of the auction, before being joined by three other bidders, all owner-occupiers.
Once the auction reached $ 1.9 million, there were only two parties left in the race.
It took an offer of $ 1.95 million to secure the home of a young local family, who had been searching the area for some time.
Mr Stephens said the vendors, who are moving to Kangaroo Ground in north-east Melbourne “for more land” and a new renovation project, were “over the moon” with the result.
“We knew there was a lot of interest… but nobody expected a result like this,” he said.
Mr Stephens said the Nelson Alexander group had planned “around 68” virtual auctions in Melbourne on Saturday, many of which are continuing despite the ban on on-site auctions.
Ray White Victoria and Tasmania Managing Director Stephen Dullens said of the 130-plus auctions his agency had scheduled for the weekend, just over 100 were underway.
He said several were purchased by Thursday night before the 11:59 p.m. lockdown.
“Because the announcement was made so late on Thursday, there wasn’t a lot of time to get things done,” he said. “So we offered a few, but most of the time we saw a really big conversion at online auctions. “
Mr Dullens said auctioneers, buyers and sellers are all well used to online auctions, given the environment the industry has operated in for the past 18 months.
“Anytime another lockdown is announced it’s just a case of ‘here we go again’ and it’s really business as usual,” he said.
Early Saturday afternoon Mr Dullens said the group’s liquidation rate was 92.6%.
“It has been very strong so far and the buyers are still going strong,” he said.
Such an example was at 23 Allnutt Parade in Cheltenham, where six of the seven registered bidders took part in the large family house’s online auction on Saturday morning.
23 Allnutt Parade, Cheltenham VIC 3192
The renovated five-bedroom, three-bathroom home, set on a generous 730 square meters and with a price guide of $ 1.24 million to $ 1.32 million, sold for $ 1.564 million, well above the seller’s expectations.
Ray White Cheltenham’s sales agent Angela Limanis said it was an easy decision to move the auction online rather than postpone it.
“We could have pushed back the auction for a week, but we had a good momentum and the buyers all came today, ”she said.
“We’ve been here before. It’s lockdown number five and the fear is nowhere near as bad as it used to be, as we’ve now done virtual inspections and hundreds of online auctions.”
However, several agents decided to postpone auctions across the city on Saturday, hoping the Melbourne instant lockdown would not last too long.
“We have pushed back the majority of our auctions for this weekend,” said Kay & Burton manager Alex Schiavo.
“If we’re locked out for a week, we’ll extend the campaign for a week, or if it ends up going for two weeks, then we’ll extend it for two weeks.
“In cases where we had a strong interest in a house, we tried to put them in trouble before quarantining ourselves. But we didn’t get much notice this time, so it was difficult to mobilize anything in this short period of time.
In Ashburton, the decision to replace the sale of a three-bedroom renovator with a virtual auction paid off for sellers at 10 Alamein Avenue, when four bidders pushed the final sale price of $ 200,000 to the above the high end of the price range.
10 Alamein Avenue, Ashburton VIC 3147
The large, unrenovated 625 square meter home including an inground pool has caught the interest of homebuyers looking to both renovate, demolish and rebuild their dream home.
The auction for the house, which had a price guide of $ 1.35 million to $ 1.42 million, began with an opening bid of $ 1.3 million.
When the auction reached $ 1.41 million, it was declared on the market.
However, two bidders continued to push the price much higher and he sold with a final bid of $ 1.6 million.
4 Belfast Road, Brunswick VIC 3056
And in Brunswick, an unrestored three-bedroom detached cottage at 4 Belfast Road, has also attracted competitive online auctions.
While the auction was slow to get off the ground, opening with a seller’s bid of $ 1 million, the home, which was recently rented out but was popular with homeowners looking to renovate, collapsed. sold under the virtual hammer for $ 1.34 million.
The Street Cats Club, a nonprofit that specializes in improving the lives of stray cats in the community, is nearing the end of its online auction.
SCC celebrates its second anniversary.
Before the auction opened, a number of Facebook members had expressed interest in supporting the local association. This was exciting news for CSC Founder and Director Victoria Partridge.
“It’s really good,” Partridge said. “We started promoting it a week before we launched it, and we already had about 60 people who indicated they were interested via the Facebook invite. It was really exciting.
The items included in the auction are all about being an experience rather than an item. Some of these experiences include an overnight stay at Suzy’s quiet home in Topeka, a private spring roll-making class sponsored by Chi Em Eats, and a Moodie Boudie Mini Boudoir photoshoot.
“Right now we have over 40 items available and there is also a huge range of items,” Partridge said. “There are a lot of experiences because I really thought it would be fun to have. … It’s cool to see what really excites people.
All items will be available for auction until auction ends at midnight on Saturday July 17th. The best way to find the auction is on SCC’s Facebook page, @thestreetcatsclub. The link for the auction is bit.ly/SCCAuction2021.
“You just enter a little bit of contact info, it logs them in, and that way they know how to notify you if someone outbids you,” Partridge said. “You can just browse, you can check everything. You can even say you’re interested in viewing an item if you’re not really sure you want to bid on it now, but maybe you want to bid on it on Saturday just before auction close and outbid someone, and that’s totally fine. “
The money raised through this auction will go mainly to medical bills for stray and foster cats in the community.
“Right now, the Street Cats Club, we’re doing about 50% foster care and 50% TNR. [Trap-Neuter-Return]that’s the core of the work we do in the community, ”Partridge said. “Both are going really hard right now because we are in the middle of kitten season. In fact, today we have just agreed to take our 30th foster kitten.
The TNR program helps solve cat overpopulation issues in the community by trapping cats, spaying or neutering them, and then turning them over.
“We have a TNR coordinator who is busy coordinating TNR across our community, and we have almost 200 cats on this list that we are working to get through TNR,” Partridge said. “For each of the TNRs, it costs about $ 55 to sterilize or sterilize them.”
With SCC’s fostering program, kittens and cats receive all necessary medical care before adoption.
“For all of the kittens in our foster program, they will also be spayed or neutered, plus they will receive their vaccines and any other medical care they need,” Partridge said. “We specialize in accommodating slaughtered kittens, so they usually need a little more medical help.”
SCC is an organization run entirely by volunteers. For this reason, the money they raise through fundraising is crucial to their survival as an organization.
“One of the things I like to point out is that this is a completely volunteer-run organization,” Partridge said. “None of us get paid for what we do, we all have daytime jobs, and we do it like what I call my side job. I always use air quotes because it’s like a hobby but more than a hobby. It is a passion for all of us.
SCC Board Chair Gretchen Russell is in training to become the Adoption Coordinator. She just welcomed her first adoptive kittens a little over a week ago. Watching the kittens grow up and prepare for adoption is extremely rewarding for her.
“We just welcomed our first homes a week and a half ago – the first three – and it has been an incredible experience,” said Russell. “I was convinced that I was going to fall head over heels in love, and I absolutely did, but I also talk to each of the kittens every day about ‘I can’t wait for you to meet your new mommy and your new daddy’, so they get big and that’s pretty awesome.
To learn more about Street Cats Club, visit streetcatsclub.org or follow the organization on Instagram and Facebook @thestreetcatsclub.
The organization accepts donations through PayPal and Venmo.
RO Group’s investment arm, RO Capital Partners, co-led a £ 1.1million fundraiser with the Cass Enterprise Fund to provide online auction technology to estate agents and homes auction, Bamboo.
Launched in 2015, Bamboo Auctions’ technology allows properties to be sold with immediate and legally binding contracts. Its market makes transactions faster, more secure and more transparent and its clients include Clive Emson, Stags, Bradleys, Hunters and Webbers.
In the past 12 months alone, more than 1,000 properties have been sold using the Bamboo platform, raising over £ 200million.
Edward Rowlandson, Managing Director of the RO Group, said: “We launched RO Capital Partners in April 2021 to invest in active and early stage technology companies and proptech was a key market for us given our extensive experience in real estate.
“We are extremely excited about Bamboo, its offering and its use of technology to innovate in the real estate market. Robin and his team have demonstrated that, although it is in its early stages, Bamboo has a winning business strategy and great growth potential and we are excited to lead this cycle alongside Cass and existing investors. .
Bamboo will use the growth capital to invest more in its online auction technology to ensure it remains the best in the market, as well as to introduce new partnership features and integrations while maintaining the high level of service. client of the company.
The right move
The proptech company has also partnered with Rightmove, which means properties listed by agents through Bamboo’s platform will automatically be tagged as auction property and have up-to-date timer and auction status.
Robin Rathore, Founder and Director of Bamboo Auctions, commented, “The average real estate transaction takes around 20 weeks, but using our technology agents can cut that time down to just five weeks. About 35% of transactions will fail before they are completed, but using Bamboo agents can increase transaction certainty to around 99%.
“The speed and certainty that our technology brings to the transaction has given our agent clients an invaluable market advantage, not only because it has given them the space and time to sell properties for periods of confinement, but also because it has contributed to increasing the number of instructions, increasing the number of sales and increasing average costs in general.
“Auctions are changing, and Bamboo is at the center of this movement. “