Luxury Connect
Meet the Luxury Leaders | October 19-20 | Beverly Hills

Auction.com, which hosts virtual foreclosure auctions that let participants bid on residential and commercial properties online, has raised $50 million from Google's equity fund, Google Capital.“Auction.com has quietly built one of the largest marketplaces on the Web,” said David Lawee, partner at Google Capital, in a statement. “We think Auction.com can fundamentally change how real estate, and particularly commercial real estate, can be bought and sold, leveling the playing field for smaller investors.”Auction.com inked a referral agreement with the National Association of Hispanic Real Estate Professionals in February and hired high-profile industry vet Rick Sharga as executive vice president and company spokesman in July.Other shareholders in Auction.com, which ...