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South Florida

Auctioneer to open Miami outpost

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Bid on the City, a Manhattan-based real estate auction company, is slated to launch in Miami this week, the company announced today. A spokesperson for the auctioneer, which allows online bidding, said it expects to have the site go live tomorrow. The company, which was founded in April 2009, launched in the Hamptons in January 2010 for rentals. No word yet on whether the Miami site will focus on sales or rental properties. 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. TRD

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