Out of the ashes of a trademark-infringement settlement and an investors’ lawsuit, Michael Berman is hoping to turn the assets of a former online-auction firm into the next big bidding Web site.    After a year at the helm of AuctionCities.com Inc., Chief Executive Officer Berman has taken the company public and built its staff to eight [...]

Over 2,300 bidders from 39 countries including 48 U.S. states registered to participate in Ritchie Bros. Auctioneers’ (TSX:RBA)(NYSE:RBA) Houston, TX unreserved auction last week. Bidders vied for 2,852 trucks and industrial equipment items on Thursday and Friday August 25 and 26, generating a total of over US$24 million in gross auction sales.
The sale’s strong [...]

Adam Smith wrote Wealth of Nations in 1776 creating the invisible hand concept. Today, “eBay”© comes closest to Smith’s theories in meeting the wishes of sellers with the wants of consumers. “eBay UK” has over 10 million users, in some cities like Cambridge and Norwich over 40% of the population are registered. “ebay” is the [...]

The original 50-star U.S. flag — created and sewn by Saginaw native Robert G. Heft — attracted 7,839 hits but no bidders during its first 10-day Internet auction on eBay.
Heft has relisted the flag, again starting the bidding at $250,000, in another 10-day auction that ends at 10:30 p.m. Thursday, Sept. 8.
Heft, who lives in [...]

AuctionCities.com, Inc, the originator of “Micro-auctioning,” local geographically oriented online auctions; today announced that they will create a unique automotive-focused marketplace using their innovative technology platform. The AuctionCities.com Automotive Marketplace will target both business-to- business (B2B) as well as business-to-consumer (B2C) markets.
AuctionCities.com intends to include the inventory databases of major national automotive aggregators into its [...]

WhaBam Inc. has launched an online auction site . The site offers auction and fixed-price format listings that can be up to 30 days in duration, as well as wanted listings for buyers who post items they are looking to purchase. The site charges sellers a monthly fee ranging from $9.95/month (with permission to list [...]

A man is selling his 11-year-old rusty car — complete with a roof-mounted missile.
Dave Beck is selling his Pontiac Sunbird on the eBay.com Internet auction site. It comes complete with the fake missile made from yellow “Support the Troops” magnetic ribbons as well as pipe and wood.
Beck is an artist and [...]

A man who used to work for equipment-maker John Deere is accused of stealing more than 100 miniature tractors and selling them online for $16 to $10 each.
Timothy Paul Weekes, 25, of Cary is charged with embezzlement and the theft of 104 toy tractors worth a total of more than $2,000. He was arrested Thursday [...]

On September 21 & 22, 2005, Sotheby’s will hold its sales of Fine Chinese Ceramics, Works of Art and Paintings and the Arts of the Buddha as a part of the twice-yearly celebration of Asia Week in New York. The sales are expected to bring in excess of $12 million*and $5 million, respectively. (An additional [...]

1937 Talbot-Lago T150-C-SS `Teardrop’ Coachwork by Figoni & Falaschi Chassis no. 90105 Sold for $3,535,000 18 August, Monterey
Christie’s Results
Dermot Chichester, Chairman, and Rupert Banner, International Head of Christie’s Car Department: said
“At just under ten million dollars, our result marks a solid performance to the start of Monterey Peninsula week, and was consistent with the state [...]

A group of auctioneers will hold a special sale Sept. 10 to help 4-H leaders become better at teaching youth members.During the 2005 South Dakota State Fair, the South Dakota Auctioneers Association will auction donated items to raise money for the state 4-H Foundation.The auction will start at about 4:30 p.m. on the DakotaLand Stage [...]

A Southern California man involved in a scheme to defraud eBay users by taking money for cars sold through the auction Web site but were never delivered has pleaded guilty for his role in the crime.
David Hung Truong, 36, [...]

Exton sports auctioneer David Hunt, acting on behalf of an anonymous client, paid $771,095.70 in an online auction Thursday night for the uniform that the Bambino wore on a 1934 barnstorming tour of Japan.
The seller also wanted to remain anonymous, said Hunt, president of Hunt Auctions Inc.
The Japan tour, which took place after Ruth’s last [...]

James S. Gilmore Jr. may not be a name that’s familiar to casual fans of the Indianapolis 500.
But the longtime Indy-car team owner’s contribution to the Greatest Spectacle in Racing — particularly sponsoring four-time Indy winner A.J. Foyt for 20 years — is likely to draw Brickyard-loving bidders to the 35th annual Auburn Fall Classic [...]

Friends of the Union Pacific Railroad Museum’s latest online auction steamed to a strong finish Thursday.
Ten out of 15 railroad art pieces posted on eBay by the group sold, raising $2,400 for the museum, said Don Bowerman, member of the Friends Board’s art committee and coordinator of the sale.
“We did real good,” he said. “I [...]