My Auction and Bamboo merge to create online auction powerhouse

My Auction, the online auction specialists has merged with Bamboo Auctions to form one of the largest online auction providers in the UK.

Rocket Auctions, a newly formed subsidiary of the Bamboo Group, will offer estate agents the ability to sell properties by online auction through Bamboo’s technology platform.

START TO FINISH

Agents will be able to manage the auction process from start to finish, now with the additional help and support of qualified auctioneer, Stuart Collar-Brown (main picture), founder and Chief Executive of My Auction, who moves across to Rocket Auctions and take on the role as the Group’s first in-house auctioneer.

Following the merger with My Auction, the Bamboo Auctions Group will have over 1,100 estate agent partners, with Collar-Brown bringing agents from My Auction across to join the platform. In his new role, Collar-Brown will also help to further build the estate agency network.

We have a shared ethos to make auctions fairer and more accessible to all.”

Robin Rathore, Chief Executive, Rocket Auctions (main pic, right), said: “Bringing My Auction together with Bamboo to form Rocket Auctions as an additional service to our customers, will help estate agents sell more properties.

“We have a shared ethos to make auctions fairer and more accessible to all, and Rocket Auctions will lead the way in education when it comes to property auctions.”

EXCITING YEAR

And he adds: “This year is going to be an exciting year for the Bamboo Group and we’re looking forward to breaking new records, introducing new technologies and continuing to deliver and improve our customer centric services.”

My goal for auctions has always been to bring integrity to the auction process.”

Stuart Collar-Brown, Founder and Director of My Auction (main pic, left), said: “Joining forces and forming Rocket Auctions creates a new powerhouse in the world of property auctions and I am thrilled to be part of this venture.

“My goal for auctions has always been to bring integrity to the auction process. In 2020, I joined the Propertymark NAVA Advisory Board to promote best practice in our profession and to ensure anyone recommending auction to a seller is doing so with the right intentions and with full knowledge of the pros and cons of a sale by auction.”