In
October the first property sale was concluded by an Artificial Intelligence
auctioneer. The property in question was a house in Sweeney’s Terrace, Dublin,
being sold by Allen & Jacobs. Offered at a guide of €250,000, the property
sold by way of a clicktopurchase auction, monitored by gAbI at €345,000.
Now, the same auction
platform has been used by London investment agency, Singer Vielle, to sell a
commercial industrial property in Calne, Wiltshire.
With the guide price of
£400,000, the property sold at online clicktopurchase® Artificial Intelligence
auction on Thursday 6th December at £475,000, nearly 20% above the guide.
Clicktopurchase is the only
platform enabling legal conclusion of the sale process by online private
treaty, “best offers”, or auction.
The auction provides the
option to be conducted by “gAbi”, the Artificial Intelligence auctioneer.
Auctions are in real time, live, emulating the “traditional” ballroom experience,
with a fully electronic audit trail. Every contract and audit trail are
recorded in Blockchain.
“Every agent is now able to
offer such a sales conclusion, and every buyer can purchase from anywhere in
the world easily and without the intimidation of the auction room,” said Neil
Singer, CEO of clicktopurchase. “With bidders still able to participate in
competitive bidding but in the knowledge that it is totally secure and
transparent, I have no doubt that the live ballroom will soon be a thing of the
past.”
clicktopurchase enables
legally binding offers to be submitted, where acceptance creates digital
contract notes with legally binding encrypted and hashed signatures, whether by
private treaty, tender of auction.
In October 2017,
clicktopurchase became the first platform recording
audit trails and property executions in a Blockchain ledger.
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