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Bonhams has officially announced that it has acquired The Market, one of the world’s leading and fastest-growing online marketplaces for classic and collectible motorcycles and cars. The digital auction site was founded in Oxfordshire in 2017 and taken the automotive collectibles industry by storm.
Just last year, The Market sold around a total value of $18 million USD (£13 million GBP) in vehicles, growing its turnover by approximately 300% compared to the previous year. The exceptional auction results are in due part to the brand’s focus on transparency and investment into modern technology to better the customer experience. The company has now sold an impressive 94 percent of lots offered for sale.
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