| Louisville eclipses million-dollar milestone in surplus sales
LOUISVILLE, Ky. -- Mayor Jerry Abramson today announced that the city has "unloaded" more than a million dollars worth of surplus government vehicles, equipment and other items through online auctions. Metro Government sells obsolete and other surplus items through its website, LouisvilleKy.gov, and GovDeals.com, an online service similar to eBay. The $3,760 sale of a Case International 585 tractor to a bidder in Cookeville, Tenn., recently brought the total funds generated through the online auctions to more than $1 million. "The online auctions are a creative way this government is operating efficiently and effectively for our citizens," Abramson said. "We're unloading items that have outlived their useful life for government, and in doing so creating a revenue stream and reducing warehouse space." Abramson said the online auctions often generate more money than traditional auction-house auctions because items are up for bids around the clock and the online auctions allow more people - virtually from anywhere - to participate.
Salalah bids farewell to Indian ambassador
MUSCAT — The Indian expatriate community and prominent local government officials in Salalah turned out in large numbers to accord a grand and heartfelt farewell to Indian Ambassador Ashok Kumar Attri and his wife Usha Kiran Attri at a glittering event held at Hamilton Plaza Hotel on Tuesday.
Manpreet Singh, Indian Embassy consular in Salalah, supported by Dr Debashish Bhattacharya, co-convener of the Maharashtrian community and several other Indians came in large numbers to extend their sincere gratitude to the ambassador and his wife for all the good work and help they provided to every Indian in Oman during their tenure here.
The ambassador, in his speech, with a magnitude of gratitude to His Majesty Sultan Qaboos bin Said, praised his kindness and benevolence towards the Indian community in Oman.
Overstock.com Lowers Auction Fees, Delays New-Feature Launch
Overstock.com will lower listing and commission fees for online-auction sellers effective April 10, 2007. The head of Overstock.com Auctions Meghan Tuohig also announced on discussion boards the launch of 1-day auctions and the delay of the long-promised bid cancellation feature and Classifieds. Listing fee decreases range from zero to 7 cents, depending on the starting price. For example, for items with a starting price of less than one dollar, listing fees will go from 17 cents to 10 cents. Closing (commission) fees will also be lowered, with the first tier commission (for items selling for between one cent and $25) going from 3.25 percent to 3 percent. When Overstock.com launched its Auctions platform in September 2004, online-auction sellers in some categories hoped they could migrate their businesses from eBay to Overstock Auctions.
Auctions offer lounge lizards with a difference
THE dinosaur skull was advertised as "perfect for a New York City apartment", though with a starting bid of $US100,000 ($A124,000), it was clear that the apartment in question was not a small studio. What the I.M. Chait Gallery billed as its "natural history" auction held on Sunday at its showroom on Fifth Avenue at 29th Street, as well as by telephone and on eBay was a child's dream, a wealthy person's playground and a curator's nightmare. The showroom resembled miniature versions of the rooms at the American Museum of Natural History. Fossils were displayed all around and meteorites lined the shelves. Nearly all 345 items were available to touch. They included an Egyptian mummy's hand; lion, hyena and warthog skulls; a gold nugget; and (behind glass, but touchable on request) crystals, minerals and a meteorite from Mars.
La Tasca bidding war hots up as Tchenguiz trumps rival’s offer
THE bidding war for tapas themed restaurant chain La Tasca intensified yesterday after the consortium led by property magnate Robert Tchenguiz again raised its offer to trump rivals, Tragus. The news sent shares in La Tasca up 2.5%, or 5p to close at 203p, with analysts predicting a further ratchetting up of the bid price. Iranian-born Tchenguiz cranked up his offer 6% to £104.2m yesterday, the equivalent of 200p-a-share. That tops a 192p-a-share bid last week from the restaurant group Tragus, which is owned by private equity firm Blackstone. .
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