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February Auction Carnival 2025 Sees Strong Turnout, Proving Auctions the Smart Way to Buy & Sell
Kuala Lumpur, February 20, 2025 – The February Auction Carnival 2025, a one-of-a-kind auction carnival, successfully concluded its inaugural edition last week after eight hours of seamless and competitive bidding. Hosted at NCM Co Auction Hall and the outdoor foyer of Megan Avenue 2, the Hybrid Auction attracted over 300 on-site and online bidders, offering them an exciting opportunity to bid across property, auto, and art categories.
The event, a joint collaboration between NCM Co, Owner Auction and Lapan Art Auction, once again proved to be a premier auction experience, bringing together buyers, investors, and art collectors under one roof.
With a diverse selection of properties up for grabs, bidders had the opportunity to secure deals on a wide range of assets, from a commercial property sold at just RM7,000 to the highest-value property sold at RM1.348 million. Some newly completed units, featuring original developer fittings and partial furnishings, were sold to the highest bidders after aggressive bidding.
"We’re thrilled with the success of this inaugural Auction Carnival," said Mr. Low Chee Hian, Director & Auctioneer at Ng Chan Mau & Co Sdn Bhd. "The fusion of properties, automobiles, and art created a truly special atmosphere where serious collectors and casual bidders alike could experience the thrill of the auction process. It was an exciting celebration of value, creativity, and innovation that we’re eager to build upon for the next event."
Among the standout moments, the event shattered common misconceptions about auction vehicles. Notable sales included a Mercedes-Benz CLA 180, which surpassed its RM125,000 reserve price through competitive bidding at RM154,000 and a 2023 Proton X70 that sold for nearly half the cost of a brand-new unit. Additionally, the art auction featured exclusive collections from emerging artists such as Rull Mackenzie and direct consignment by reputable art galleries.
The Owner Auction™ segment was conducted outdoors at the carnival, offering a hybrid bidding experience that drew a curious crowd, many of whom had never witnessed an auction before. Live entertainment, including a dynamic Lion Dance high-pole acrobatic performance, and on-site financial consultant booths further enriched the experience for attendees.
The excitement was further amplified as all successful on-site bidders walked away with free gifts, while the grand prize—a 65” TV—was awarded to the highest property bidder, and a water jet was presented to the top auto bidder.
The NCM Co. Auction Carnival has quickly become a must-attend event for anyone passionate about real estate, automobiles, and fine art. Riding on the momentum of this successful edition, organizers are already planning for next event, promising even more spectacular auctions and immersive experiences that will continue to redefine the way luxury assets are bought and sold.
For more information for future auctions, visit www.ngchanmau.com or contact hotline 03-2162 3333
FAQ's
Find answers to frequently asked questions
Owner Auction™ is essentially a solution offered to property owners to dispose their property via public auction, whereas Bank Auction is conducted when the property has been foreclosed on and repossessed by the bank or the High Court, usually due to the owner’s / borrower’s inability to settle the outstanding payments on the property.
We have a proven track record of efficiently facilitating the property sale via the modern way of auction by offering a one-stop solution, including marketing, legal and administrative services.
Upon our appointment through a prescribed letter of appointment and receipt of all necessary documents in relation to your property, we will proceed to market and advertise your property. We will also arrange to fix as many auction rounds as we are able to within the validity period stated in the prescribed letter of appointment with an objective to sell your property via auction sale. At present, our licensed auctioneer will conduct the auction once every 3 weeks.
Yes, you can.
Yes, you can, provided you are empowered to do so through a Power of Attorney granted by the owner(s) to you.