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Online Auction Market to Grow by USD 3.08 Billion (2024-2028) as Preference Shifts from Conventional to Online Auctions, AI’s Impact on Market Trends Report – Technavio

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NEW YORK, Oct. 30, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The global online auction market  size is estimated to grow by USD 3.08 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  12.36%  during the forecast period. Shift in preference for online auctions from conventional auction model is driving market growth, with a trend towards emergence of AI-based online auctions. However, rise in shill bidding during online auctions  poses a challenge.Key market players include A One Salasar Pvt. Ltd, Auction House UK Ltd., Auction Technology Group Plc, BCL Auction, Biddingo.com, Bonanza Portfolio Ltd., Catawiki BV, eBay Inc., eBid Ltd., eCRATER, Invaluable LLC, John Pye and Sons Ltd., Liquidity Services Inc., SDL Auctions Ltd., Sothebys, UKauctioneers.com, U.S. Auction Online, Webstore.com, Williams and Williams Marketing Services Inc., and Wilsons Auctions Ltd..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Product (Collectibles, Electronics, Artistic goods, Jewelry, and Others), Platform (Web-based and Application-based), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

A One Salasar Pvt. Ltd, Auction House UK Ltd., Auction Technology Group Plc, BCL Auction, Biddingo.com, Bonanza Portfolio Ltd., Catawiki BV, eBay Inc., eBid Ltd., eCRATER, Invaluable LLC, John Pye and Sons Ltd., Liquidity Services Inc., SDL Auctions Ltd., Sothebys, UKauctioneers.com, U.S. Auction Online, Webstore.com, Williams and Williams Marketing Services Inc., and Wilsons Auctions Ltd.

Key Market Trends Fueling Growth

Artificial Intelligence (AI) is revolutionizing the online auction market by streamlining processes and enhancing efficiency. AI platforms employ machine learning and algorithms to deliver valuable insights to bidders, reducing administrative costs through automation of internal operations, customer service inquiries, equipment packaging, and delivery. In March 2018, TradeRev, a KAR Auction Services Inc. Subsidiary, launched H, an AI-driven tool for dealer-to-dealer vehicle auctions, featuring data and predictive analytics capabilities. Voice search technology is also emerging, with Ritchie Bros. Auctioneers testing a voice assistant in March 2019. These AI-based tools, including voice recognition systems, attract more customers and boost growth prospects in the online auction market.

Online auctions have seen a significant popularity due to the digital transformation of e-commerce. Smartphone penetration allows bidders to participate from anywhere, enhancing convenience. Payment options are diverse, including credit cards and e-wallets. Sustainability and affordability are key trends, with sellers offering eco-friendly materials and ethical practices. Collectors seek collectibles like electronics, artistic goods, jewelry, paintings, antique goods, and digital assets. Online platforms cater to younger audiences, offering an enhanced viewing experience through AR and VR technology. Auctioneers ensure security with fraud prevention, anti-money laundering measures, and data collection for personalization. Automation and pricing tools help streamline the process, while AI aids in ethical sourcing and authentication. Accessibility is paramount, requiring reliable internet access for all participants.

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Market Challenges

Online auctions have gained significant popularity, but the issue of shill bidding remains a concern. Shill bidding is an unlawful practice where a seller or their associates artificially inflate bids in forward auctions or reduce them in reverse auctions. Detecting shill bidding in a large number of online auctions and bidders is challenging. Shill bidding can create a false sense of demand, making buyers pay more than the product’s actual value. Genuine bidders may lose trust in the online auction process due to shill bidding. Despite being recognized as a problem, there is no established method to prevent it. Most online auction companies lack the resources to detect shill bidding in real-time. Without formal complaints from bidders, these companies seldom take action against shill bidding. The rise in shill bidding instances may discourage bidders, potentially hindering the growth of the global online auction market.Online auctions have gained significant traction in the e-commerce industry, offering collectibles, electronics, artistic goods, jewelry, digital assets, paintings, antique goods, and more to bidders worldwide. However, challenges persist. Payment options must be diverse and secure, accommodating various credit card numbers, home addresses, and phone numbers. Smartphone penetration drives convenience, but digitalization requires ethical sourcing of eco-friendly materials and ethical practices. Affordability is crucial, with accessibility contingent on internet access. Collectability thrives on enhanced viewing experiences, including AR and VR. Auctioneers and sellers must navigate pricing, data collection, automation, and personalization while addressing security concerns, such as fraud prevention and anti-money laundering. Online platforms must cater to younger audiences, offering seamless experiences and addressing privacy concerns. The integration of AI in online auctions streamlines processes, ensuring a transparent and efficient marketplace.

Insights into how AI is reshaping industries and driving growth- Download a Sample Report

Segment Overview

This online auction market report extensively covers market segmentation by

Product 1.1 Collectibles1.2 Electronics1.3 Artistic goods1.4 Jewelry1.5 OthersPlatform 2.1 Web-based2.2 Application-basedGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Collectibles-  In the dynamic world of Online Auction Markets, the collectibles segment emerged as a significant revenue generator in 2023. The passion for acquiring items with historical value among people drove this segment’s growth. Online auctions eliminated geographical limitations, enabling collectors worldwide to participate, broadening the potential buyer and seller base. Detailed information, images, and histories available online boosted transparency, instilling trust and confidence among collectors. With technology’s continuous advancement and increasing comfort with online transactions, the collectibles segment’s growth is anticipated to accelerate substantially throughout the forecast period.

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Research Analysis

Online auctions have gained significant traction among younger audiences, leveraging the power of the internet to bring fine art, jewels and watches, cars, and various other valuable items to bidders worldwide. The use of Artificial Intelligence (AI) and advanced technology enhances the online auction experience, with fraud prevention and anti-money laundering measures ensuring security. Pricing transparency, data collection, and automation provide personalized and convenient bidding experiences. Security concerns and payment options are addressed through systems, while smartphone penetration and e-commerce growth fuel digital transformation. Sustainability and affordability are also key considerations, with many platforms offering green shipping options and accessible pricing. Collectability and convenience are major drivers for bidders, with enhanced viewing experiences through AR and VR technology adding to the appeal. Auctioneers and bidders alike benefit from the convenience and accessibility of online platforms, making this a dynamic and evolving market.

Market Research Overview

The online auction market is experiencing explosive growth, particularly among younger audiences, as more people turn to the internet for buying and selling fine art, jewels and watches, cars, and various collectibles. Online platforms offer unparalleled convenience, enhanced viewing experiences through AR and VR technology, and accessibility to a global audience. AI plays a crucial role in pricing, fraud prevention, and anti-money laundering efforts. Data collection and automation enable personalization and affordability, while security concerns are addressed through advanced encryption and payment options. Smartphone penetration and e-commerce’s digital transformation continue to drive growth, with sustainability and ethical sourcing becoming increasingly important. Collectors and bidders can now buy and sell eco-friendly materials, electronics, artistic goods, jewelry, paintings, antique goods, and even digital assets from the comfort of their homes. However, with this digitalization comes the need for ethical practices, accessibility, and internet access for all. Sellers and auctioneers must navigate the complexities of credit card numbers, home addresses, and phone numbers, while ensuring a seamless and secure transaction process.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductCollectiblesElectronicsArtistic GoodsJewelryOthersPlatformWeb-basedApplication-basedGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Rocket Companies to Announce Third Quarter 2026 Results on October 29, 2026

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27 minutes ago

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October 22, 2026

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DETROIT, Oct. 22, 2026 /PRNewswire/ — Rocket Companies, Inc. (NYSE: RKT) (“Rocket Companies” or “the Company”), the Detroit-based homeownership platform, today announced that the Company will issue its third quarter 2026 earnings on October 29, 2026. Leadership will host a conference call to discuss results at 4:30 p.m. ET on that date. A press release detailing the Company’s results will be issued prior to the call.

A live webcast of the event will be available on the “Events & Presentations” section of the Company’s Investor Relations website at ir.rocketcompanies.com. A replay of the webcast will be available on the Investor Relations website following the event.

About Rocket Companies

Founded in 1985, Rocket Companies (NYSE: RKT) is a Detroit-based homeownership platform including mortgage, real estate and personal finance businesses: Rocket Mortgage, Redfin, Rocket Close, Rocket Money and Rocket Loans.

With insights from more than 160 million calls with clients each year, more than 30 petabytes of data and a mission to Help Everyone Home, Rocket Companies is well positioned to be the destination for AI-fueled homeownership.

For more information, please visit the Company’s Corporate website or Investor Relations website.

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SOURCE Rocket Companies, Inc.

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Lunai Bioworks Announces Receipt of Nasdaq Determination and Intention to Voluntarily Delist and Deregister

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October 22, 2026

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SACRAMENTO, Calif., Oct. 22, 2026 /PRNewswire/ — Lunai Bioworks Inc. (Nasdaq: LNAI) (the “Company”) announced that on October 21, 2026, it received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company no longer complies with Nasdaq Listing Rule 5550(b)(1), which requires minimum stockholders’ equity of $2,500,000. The Company reported a stockholders’ deficit of $(9,024,946) in its Annual Report on Form 10-K for the fiscal year ended June 30, 2026, and does not meet the alternative market value of listed securities or net income standards. Because the Company is subject to a mandatory Hearings Panel Monitor under Nasdaq Listing Rule 5815(d)(4)(B), Nasdaq staff determined to delist the Company’s securities. Trading in the Company’s common stock on Nasdaq is expected to be suspended at the opening of business on October 30, 2026.

The Company will not request a hearing. Rather than contest the staff determination, the Company’s Board of Directors approved on October 22, 2026 the voluntary withdrawal of the Company’s common stock from listing on Nasdaq under Rule 12d2-2(c) under the Securities Exchange Act of 1934, as amended. The Board took this action because of the staff determination and the Company’s financial condition, and concluded that the cost of continued listing and SEC reporting is not justified.

The Company notified Nasdaq of its intention on October 22, 2026. The Company intends to file a Form 25 with the Securities and Exchange Commission (the “SEC”) on or about November 2, 2026, and expects the delisting to become effective on or about November 12, 2026. The Company then intends to file a Form 15 to suspend its SEC reporting obligations, to the extent it is eligible to do so. The Company’s SEC reporting obligations will continue unless and until they are terminated or suspended in accordance with the SEC’s rules.

The Company does not intend to arrange for quotation of its common stock on any over-the-counter market and cannot assure that any trading market for its common stock will exist after trading on Nasdaq is suspended.

Forward-Looking Statements
This press release contains forward-looking statements, including statements regarding the expected suspension of trading, the expected timing of the Form 25 and Form 15 filings, and the expected timing of delisting and deregistration. Actual results may differ materially due to risks and uncertainties, including Nasdaq and SEC procedures and the Company’s financial condition. The Company undertakes no obligation to update these statements, except as required by law.

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SOURCE Lunai Bioworks Inc.

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Bulletin from Sivers Semiconductors AB’s Extraordinary General Meeting on 22 October 2026

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28 minutes ago

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October 22, 2026

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KISTA, Sweden, Oct. 22, 2026 /PRNewswire/ — The Extraordinary General Meeting in Sivers Semiconductors AB (the “Company”) was held on 22 October 2026 and in particular the following resolutions were resolved.

Election of auditor

The Extraordinary General Meeting resolved, in accordance with the Nomination Committee’s proposal, to terminate the assignment of the Company’s auditor Deloitte AB and to elect Ernst & Young AB as new auditor for the period until the close of the next Annual General Meeting.

Resolution on a long-term incentive program

The Extraordinary General Meeting resolved to introduce a long-term incentive program (the “P11”) for employees of the group in the United States, Scotland, Sweden, India and China.

P11 comprises a maximum of 7,280,000 stock options entitling to purchase of the same number of shares, corresponding to approximately 2.0 per cent of the shares and votes in the Company after dilution. The stock options are granted free of charge, are not subject to any performance conditions, and may not be transferred or pledged. Each vested stock option entitles the employee to acquire one ordinary share between the third and the sixth anniversary of the date of grant, at a price corresponding to 110 per cent of the volume-weighted average price of the Company’s share on Nasdaq Stockholm during the five trading days immediately preceding the date of grant.

Resolution to authorise the Board of Directors to resolve on directed issue of Series C shares

The Extraordinary General Meeting resolved to authorise the Board of Directors to, until the next Annual General Meeting, resolve on a new issue of no more than 7,280,000 Series C shares to be subscribed for by a bank or securities company at a subscription price corresponding to the quota value.

The purpose is to secure delivery of shares to participants under the Company’s outstanding incentive programs and payment of related social security charges. The Series C shares will be reclassified into ordinary shares before transfer to participants.

Resolution to authorise the Board of Directors to resolve on repurchase of Series C shares and transfer of ordinary shares to secure payment of social security charges

The Extraordinary General Meeting resolved to authorise the Board of Directors to, until the next Annual General Meeting, resolve on repurchases of all outstanding Series C shares, at a price corresponding to the quota value.

The Board of Directors was further authorised to, until the next Annual General Meeting, transfer own ordinary shares on Nasdaq Stockholm within the applicable price range, or outside Nasdaq Stockholm to a bank or securities company with deviation from the shareholders’ preferential rights at such market discount as the Board of Directors deems appropriate, to the extent required to secure payment of social security charges related to the Company’s outstanding incentive programs.

For more information, please contact:

Vickram Vathulya, CEO, Sivers Semiconductors AB (publ)

Email: ir@sivers-semiconductors.com

Tel: +46 (0)8 703 68 00

About Sivers Semiconductors

Sivers Semiconductors is a critical enabler of a greener data economy with energy efficient photonics & wireless solutions. Our differentiated high precision laser and RF beamformer technologies help our customers in key markets such as AI Datacenters, SATCOM, Defense and Telecom solve essential performance challenges while enabling a much greener footprint. For additional information, please visit us at: www.sivers-semiconductors.com. (SIVE.ST)

CONTACT:

Media Contact   
Tyler Weiland 
Shelton Group
+1-972-571-7834
tweiland@sheltongroup.com

Company Contact
Heine Thorsgaard
CFO 
ir@sivers-semiconductors.com

This information was brought to you by Cision http://news.cision.com

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SOURCE Sivers Semiconductors

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