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α,β-Unsaturated α'-alkoxy ketones have been prepared under mild conditions from allenes using water as the oxygen source and without the necessity of metals. The organocatalytic oxygenation-rearrangement sequence displays an exquisite chemo-, stereo-, and site-selectivity as well as good functional group compatibility. DFT calculations suggest that stabilizing noncovalent Se···O interactions may be responsible for the observed reactivity.Lipid-based carriers such as liposomes represent one of the most advanced classes of drug delivery s