Two players in the online auction sector have merged. 

My Auction and Bamboo Auctions have teamed up to form a new brand – Rocket Auctions – which they claim will be “one of the largest online auction providers in the UK.”

Rocket will offer estate agents the ability to sell by online auction through Bamboo’s existing technology platform and under the leadership qualified auctioneer, Stuart Collar-Brown.

Rocket will have an estimated 1,100 estate agent partners based on the arrangements of the two merging brands.

My Auction launched in 2019, raising over £20m for clients during this time. Since its launch in 2016, Bamboo Auctions has powered online auctions for over 1000 estate agent branches, and in the last 12 months has seen over £250m worth of property sold.

Robin Rathore – chief executive of the new Rocket Auctions brand – says: “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.”