Manhattan-based real estate auction company to launch in Miami

New York /
Apr.April 05, 2011 01:33 PM

Bid on the City, a Manhattan-based online real estate auction company, is slated to launch in Miami this week, the company announced today. The company said it expects to have the site go live tomorrow. Bid on the City, which was founded in April 2009, launched in the Hamptons in January 2010 for rentals. The Miami site will feature both sales and rental listings (note: correction appended). Vlad Sapozhnikov, general manager of Bid on the City, said that he saw a specific need for this expansion. “Today’s economic climate has created a demand for a fast, efficient and transparent way to rent and sell property,” Sapozhnikov said. The first Miami bidding event will be held at the auction house’s new office in Times Square. The 7,500-square-foot office, located at 1500 Broadway on the corner of 43rd Street, marks a significant expansion for Bid on the City, whose original Manhattan office was 2,000 square feet. Sapozhnikov said that the business has changed significantly since its founding, with more of its clientele comfortable with the online bidding format. “Many people [had] believe they needed to be [in an office] physically in order to bid at a real estate auction,” said Sapozhnikov of the company’s founding. “Once bidders saw all bids were done online, they quickly realized they could watch and bid from anywhere in the world.” TRD


Related Articles

arrow_forward_ios
Sotheby’s, Realogy make winning bid for Concierge Auctions
Sotheby’s, Realogy make winning bid for Concierge Auctions
Sotheby’s, Realogy make winning bid for Concierge Auctions
Click, bid, buy: Suffolk County breaks precedent with virtual auction
Click, bid, buy: Suffolk County breaks precedent with virtual auction
Click, bid, buy: Suffolk County breaks precedent with virtual auction
Let it be sold: George Harrison’s childhood home in Liverpool heads for auction
Let it be sold: George Harrison’s childhood home in Liverpool heads for auction
Let it be sold: George Harrison’s childhood home in Liverpool heads for auction
Macklowe Properties CEO Harry Macklowe and Linda Macklowe with pieces of their art collection (Sotheby's, iStock, Getty)
Macklowe’s $600M art collection lands at Sotheby’s for auction
Macklowe’s $600M art collection lands at Sotheby’s for auction
Villa Guardatoia and Casa Natalino (Concierge Auctions)
400-year-old Tuscan villa hits the auction block this month
400-year-old Tuscan villa hits the auction block this month
Clockwise from left: 5203-5207 Church Avenue in Brooklyn, 119-40 Metropolitan Avenue in Queens, 855 East 217th Street in the Bronx and 31-35 Steinway Street in Queens (Credit: Google Maps)
Going once, Going twice! Rent-stabilized portfolio hits auction block
Going once, Going twice! Rent-stabilized portfolio hits auction block
This 17th-century villa on Lake Como is on the auction block
This 17th-century villa on Lake Como is on the auction block
This 17th-century villa on Lake Como is on the auction block
 From left: Francis Picabia, the Berkshire Museum, Sotheby's. (Credit from left: cea +/ Flickr; Berkshire Museum/Wikimedia Commons; Nelson Pavlosky)
Controversial art sales by cash-strapped museum raise $2M for capital expenses
Controversial art sales by cash-strapped museum raise $2M for capital expenses
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...