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First B2B pre-owned luxury brand items auction in Singapore

2018/5/9

AUCNET INC (Head office: Minato-ku, Tokyo; Representative Director and President: Kiyotaka Fujisaki; hereafter “Aucnet,”) started B2B auctions of pre-owned luxury brand items in Singapore on Wednesday, May 9.

In the first auction, second-hand luxury brand goods distributers in Singapore and Malaysia bid for 804 exhibited items including watches, jewelry, hand bags, etc.

■ Features of the Auction
1. ASEAN’s first B2B online real-time auction

This is the first specialized B2B online bidding system in the ASEAN region, and utilizes the online auction system owned by AUCNET.
2. All items are inspected and graded for authenticity and quality
The inspection and grading, etc., are based on AUCNET’s know-how cultivated over 10 years experience in the distribution of pre-owned luxury brand items in Japan.
3. Customized online market based on regional needs
The auction service operated in Japan is customized (eg. bidding increments, currency, photography) in order to make it better suited for business operators in the ASEAN region.

The auction is operated by SG e-Auction Pte. Ltd. (SG e-Auction), which was established in Singapore last year by AUCNET and MoneyMax Financial Services Limited, which is a leading, retailer and pawnbroker (MoneyMax).

【Images of Auction】

With the synergy of MoneyMax’s distribution expertise and brand power in the region (focused on Singapore), and AUCNET’s “information distribution know-how” developed over 30 years, we will continue to build the B2B pre-owned luxury brand item market in Southeast Asia, with Singapore as a hub.

By distributing pre-owned luxury brand items based on “reliable information”, we will contribute to the development of the pre-owned luxury brand industry and related industries in the region. This will facilitate ASEAN consumers confidently purchasing pre-owned luxury brand items with peace of mind.

■Inquiry (About SG e-Auction service)
AUCNET INC. Brand Auction Department: Ida Masanori (TEL: 03-6440-2345)

【AUCNET INC】
Address: Aoyama OM Square, 5-8 Kita-Aoyama 2-chome, Minato-ku, Tokyo, Japan
President: Kiyotaka Fujisaki
Established: 1985 June 29 / TSE First Section March 2017 (Code: 3964)
Capital etc.: 1,672 million yen (as of December 31, 2017)
Consolidated operating results (consolidated): 19,400 million yen (as of December 2017)
Number of employees (consolidated): 590 (as of December 31, 2017)

【MoneyMax Financial Service Limited】
Address: 7 Changi Business Park Vista Singapore 486042
Executive Chairman & CEO: Dato’ Sri Dr. Lim Yong Guan
Established: 2008 October / SGX August 2013
URL: https://moneymax.com.sg/

【SG e-Auction Pte. Ltd.】
Address: 7 Changi Business Park Vista, Singapore 486042
President: Dato’ Sri Dr. Lim Yong Guan
Established: 2017 September
URL: https://www.sgeauction.com/

■Media Inquiry
AUCNET INC. General Planning Department: Tsuchiya, Kuno and Ito
TEL: 03-6440-2530  MAIL: request@ns.aucnet.co.jp



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