In an effort to crack down on under-reporting by individuals and businesses that sell goods online, an IRS official said the tax agency is discussing creating new tax reporting requirements.
The new reporting requirements could mean big changes for stand-alone Web retailers as well as individuals selling family heirlooms through popular online auction sites such as [...]

A federal grand jury has indicted a Strasburg man, a man formerly of Farmersville and nine others involved in the tobacco industry. They are charged with conspiracies involving more than $4.5 million.
The case apparently alleges the buying of cheap tobacco here and the illegal resale of it in Tennessee and possibly other southern states for [...]

AuctionInfo.org
Canada’s antitrust watchdog obtained a prohibition order against Sotheby’s international auction house and its Canadian unit following a probe into international price-fixing, the body said on Monday.
The Competition Bureau obtained the order from the Federal Court of Canada, barring Sotheby’s and Sotheby’s Canada — based in New York and Toronto, respectively — from agreeing with [...]

Press Release
Two luxury homes, a travel center and an airport formerly owned by Patterson-UTI chief financial officer Jonathan (Jody) Nelson will be among 24 seized properties being sold at auction Sept. 28-30.
The properties, which were seized as a result of embezzlement charges against Nelson, will be sold in a series of four auctions in [...]

Press Release
Ritchie Bros. Auctioneers (TSX: RBA)(NYSE: RBA), the world’s largest industrial auctioneer, today announced that it conducted a large two-day auction at its permanent auction site in Houston, Texas. The unreserved public auction, which sold over 2,500 items on August 24 and 25, 2006, generated gross auction sales in excess of US$20 million.
“With customers from [...]

Hundreds of thousands of dollars worth of unclaimed property went up for auction today.
People gathered at the Sheraton Tampa Riverwalk Hotel to view and bid on the items.
It included jewelry, coins, even rare baseball cards.
Everything comes from abandoned safe deposit boxes.
Jason Best, Attended Auction
“We came down from New York, and I think we did really [...]

Press Release
On September 26th, John Moran Auctioneers will host their inaugural DISCOVERY SALE at the Pasadena Convention Center. The Discovery Sale will feature 150 lots of fresh estate property all of which will be offered without reserve and will be sold to bidders in the sale room only — there will be no telephone or [...]

Hundreds of eBay Inc. merchandisers say they have closed their online storefronts, and some took their listings elsewhere, in the wake of a controversial fee increase eBay began charging earlier in the week.
The exodus was expected after eBay raised the amount it charges to run an online store. By raising store fees an average of [...]

Saratoga County plans to sell 17 properties at its Sept. 19 auction. The parcels, all of which were taken by the county for failure to pay property taxes, range in size from 0.03 acres to 14.94 acres.
That said, the September auction is small compared to a county auction in March. In fact, past September [...]

Press Release
The annual Gooding & Company Pebble Beach Auction Sunday (August 20) night resulted in record prices for at least three automotive marques, including $2.585 million for a 1927 Bugatti Type 35C Grand Prix car, and six cars each bringing more than $1 million in the culminating event of the annual nine days of historic [...]

David James Martin, 27, of Charles City, was sentenced Tuesday to a year in federal prison for using eBay to defraud computer purchasers of more than $50,000.
Martin pleaded guilty Feb. 1 to one count each of mail fraud and wire fraud.
He admitted using eBay, the online auction site, to fraudulently represent that he would sell [...]

UK Auction Info
Spoon-bender Uri Geller is suing the former owners of Elvis Presley’s first house, claiming they breached an eBay contract to sell him and two partners the home.
The British celebrity psychic and his partners say their $905,100 (€700,000) offer was the highest bid in the online auction in May.
Afterwards, they made changes to the [...]

The Christie’s modern and contemporary Indian art auction to be held Sep 20 in New York will be dominated by the highlights of masters Tyeb Mehta, F.N. Souza and V.S. Gaitonde. It is expected to realise in excess of a conservative $12 million.
While Mehta’s Untitled (Figures with Bull Head) from 1984 is put at [...]

The Smithsonian’s National Postal Museum is planning its second auction of excess revenue stamps, on Sept. 30 at the Four Seasons Hotel in New York.
The museum said more than 5 million of the stamps will be offered, including 3 million wine stamps issued between 1942 and 1954.
In the first auction, in 2005, some [...]

Warren Buffett will auction his 2001 Lincoln Town Car on eBay Inc.’s Web site to benefit a nonprofit group that offers educational and recreational programs for girls.
The world’s second-richest person will donate proceeds to Girls Inc., which serves girls ages 6 to 18 in high-risk, underserved areas, such as some inner cities, in the United [...]