Our Story

The Story of Owner Auction™:

Transforming Property & Art Sales Through Auctions

From a Vision to Reality

The concept of Owner Auction™ was born in 2019 with a simple yet game-changing idea: to provide a faster, more transparent, and competitive alternative to traditional property sales.

Initially, we primarily served corporate clients who required a transparent and structured service to dispose of their assets. Backed by decades of auction experience and a strong bidder base, we soon started receiving enquiries from existing clients looking for an innovative way to sell their properties through auctions. Recognizing the need for a structured, market-driven approach, we expanded our services to individual property owners, offering a property auction marketplace platform for both sellers and bidders.

Powered by the legacy and expertise of Ng Chan Mau & Co Sdn Bhd (also known as NCM Co.), a trusted name in the auction industry since 1987, Owner Auction™ continues to connect motivated sellers with serious bidders, ensuring fair market value and faster transactions.

Changing Perceptions

Traditionally, property auctions in Malaysia have been associated with distressed sales and bank foreclosures, creating a misconception that auctions are only for financial recovery. However, in markets like the U.K. and Australia, auctions are a preferred strategy to secure competitive prices and faster sales. Owner Auction™ is redefining this narrative—empowering property owners with a powerful, market-driven sales method that ensures the best possible value for their assets.

The Evolution of Owner Auction™
  • 2019: The concept of Owner Auction™ was introduced as a modern alternative to traditional sales.
  • 2021: We launched a new entity dedicated exclusively to Owner Auction™, marking a significant milestone in expanding our operations and focus on auction services.
  • 2022: Owner Auction™ launched as a fully operational platform, providing a structured and accessible auction service.
  • 2023: We expanded into art auctions, supporting both emerging and established local artists.
Expanding into the World of Art Auctions

In 2023, we expanded our auction platform to include fine art, supporting both established and emerging local artists. Our goal is to bridge the gap between artists and collectors, providing a dynamic marketplace where artwork finds its true value through competitive bidding.

To enhance buyer flexibility, we also offer a pre-bid option for art auctions, allowing interested bidders to place their bids in advance before the live auction begins. This ensures serious buyers don’t miss out on exclusive pieces and encourages active participation in the bidding process.

Mission

To change the way auctions are viewed in the Malaysian market by offering a transparent, structured, and innovative platform that empowers both sellers and buyers. We aim to make auctions a preferred and accessible alternative to traditional sales—for property, art, and more—through professionalism, technology, and trust.

Vision

To be Malaysia’s leading hybrid auction platform, transforming public perception and proving that auctions are not just for distressed sales—but a smarter, mainstream route for anyone to sell or buy property and assets confidently.

Your Auction Partner

Whether you're a seller looking for maximum returns or a buyer searching for a great deal, Owner Auction™ provides the platform, expertise, and market reach to make your auction journey a success.

Let us help you take the next step—connect with us today!

Sell Your Property With Us Now

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.

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012 - 718 1600
info@ownerauction.my