- Business
- Union Auction Public Company Limited (AUCT-R.BK) is a Thailand-based provider of auction services for a diverse range of movable and immovable assets. The company operates primarily through its Auction segment, offering auctions of automobiles, motorcycles, land and houses, shares, furniture, electric appliances, 5G spectrums, phone numbers, obsolete equipment, and brand-name products; as well as its Transportation and Other Services segment, which includes vehicle transfer, price estimation, and post-auction transportation services. It supports both traditional on-site auctions at 13 venues across Thailand and digital platforms such as AUCT Live for real-time video and audio streaming, E-AUCTION systems at auction yards, and the AUCT BID system enabling 24-hour online bidding. Union Auction serves financial institutions, insurance companies, and government agencies including the Customs Department, National Statistical Office, Anti-Money Laundering Office, and National Broadcasting and Telecommunications Commission.
Founded in 1991 by Thepthai Sira and headquartered at 518/28 Soi Ramkhamhaeng 39 (Thepleela 1), Wangthonglang, Bangkok 10310, Thailand, the company listed its shares on the Market for Alternative Investment (MAI) in August 2013. It conducts operations nationwide, with mobile auction services extending to upcountry areas, targeting buyers and sellers in the used vehicle, property, and specialty asset markets.
In recent years, Union Auction has pursued digital transformation, launching the AUCT BID online bidding platform in 2021 and adding comprehensive post-auction transportation services in 2022 to enhance operational efficiency. The company underwent rebranding and E-AUCTION system development at its yards in 2017, expanding into auctions for government agencies and diverse assets like real estate and brand-name goods since 2015. As of its latest reported financials for the year ended December 31, 2024, Union Auction generated revenue of THB 1.29 billion, reflecting sustained activity in its core segments.